Notice of 38th Annual General Meeting along with annual report for FY 2023-24
Awaiting price reaction for this filing.
K.S. Oils Limited has sent the notice for its 38th Annual General Meeting (along with 37th AGM for FY 2022-23) scheduled for Monday, September 29, 2025, held via Video Conferencing. The 38th AGM is at 4:00 PM IST and the 37th AGM at 11:00 AM IST. Book closure is from September 22 to September 29, 2025, with e-voting running from September 26 (9:00 AM) to September 28, 2025 (5:00 PM). The only ordinary business item is the adoption of audited standalone financial statements for FY 2023-24, which show zero revenue from operations, total income of just Rs. 7 lakhs, and a net loss of Rs. 4,222 lakhs (worse than the Rs. 3,048 lakh loss in FY 2022-23). The company notes that it was acquired as a going concern by Soy-Sar Edible Private Limited (SPV of Sherisha Technologies) following NCLT approval on February 3, 2025, and its shares were moved from 'Delisted' to 'Suspended' status on BSE/NSE effective May 5, 2025, with the relisting process underway.
Shareholders should note the company remains loss-making with no operating revenue under the new management, but the AGM is purely procedural (adoption of accounts). The key shareholder-relevant development is the post-acquisition relisting process — investors will need to watch for further announcements on when the stock resumes trading on BSE/NSE. No dividend or special business items are on the agenda.