Notice and Annual Report of 31st Annual General Meeting of the Company
Awaiting price reaction for this filing.
K.S. Oils Limited has issued the notice and annual report for its 31st and 32nd AGMs, both scheduled for September 11, 2025, to be held via video conferencing (VC/OAVM). The 31st AGM is at 11:00 AM and the 32nd AGM is at 4:00 PM IST, covering annual reports for FY 2016-17 and FY 2017-18 respectively. The book closure period is September 4 to September 11, 2025, with e-voting open from September 8 to September 10, 2025. The only business item for the 31st AGM is the adoption of audited standalone and consolidated financial statements for FY 2016-17. The Directors' Report reveals the company went through Corporate Insolvency Resolution Process (CIRP) starting July 2017, faced liquidation in March 2021, and was subsequently acquired by Soy-Sar Edible Private Limited (SPV of Sherisha Technologies) via e-auction, with NCLT approval on February 3, 2025. The company was previously delisted by NSE and BSE in 2018, and its status has now been changed from 'Delisted' to 'Suspended' effective May 5, 2025, as it works toward relisting.
For shareholders, this filing is significant as it marks the first AGM after the company's insolvency resolution and acquisition by Soy-Sar Edible Private Limited. The change from 'Delisted' to 'Suspended' status suggests the company is working toward potential relisting on BSE and NSE, which could be positive for liquidity and shareholder value. However, shareholders should note the substantial backlogs in filings (FY 2016-17 and 2017-18), indicating prolonged operational disruption.