Notice of 35th Annual General Meeting along with annual report for FY 2020-21
Awaiting price reaction for this filing.
K S Oils Ltd has issued the notice for its 35th Annual General Meeting scheduled for Friday, September 26, 2025 at 11:00 a.m. (IST) via video conferencing, along with the Annual Report for FY 2020-21. Two ordinary business items are on the agenda: (1) adoption of the audited standalone financial statements for FY ended March 31, 2021, and (2) appointment of M/s Devesh Parekh & Associates, Chartered Accountants (FRN 013338N), as Statutory Auditors for a period of five years covering FY 2020-21 to 2024-25, with proposed remuneration of INR 100,000 plus applicable taxes. The company, which was acquired by Soy-Sar Edible Private Limited, had previously been under Corporate Insolvency Resolution Process (CIRP) from July 2017 and faced a liquidation order from NCLAT on March 16, 2021, which is why these accounts are now being taken up years later. E-voting will be conducted from September 23-25, 2025 via CDSL, with a book closure period from September 19-26, 2025.
Shareholders get to vote on long-pending FY 2020-21 financial statements and a new auditor appointment, signalling that post-acquisition management is now regularising compliance matters. The fresh auditor appointment for five years suggests the new owners are normalising governance, though the backdated nature of the filings and prior insolvency/liquidation history remain points of caution for retail investors.