Outcome of 37th AGM of K.S. Oils Limited for the Financial Year 2022-23.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 37th AGM on September 29, 2025 via video conferencing, with only 35 members attending. The company went through a troubled history — admitted into Corporate Insolvency Resolution Process (CIRP) in July 2017, put into liquidation by NCLAT in March 2021, and a newly constituted Board took charge from February 7, 2025 following an NCLT order dated February 3, 2025. The company has been acquired by Soy-Sar Edible Private Limited. Only one ordinary resolution was transacted — adoption of the audited standalone financial statements for FY ended March 31, 2023. The auditors flagged disclaimer of opinion and material uncertainty on the company's ability to continue as a going concern due to past defaults, operational shutdowns, and inability to generate positive cash flows.
Shareholders should note the going-concern warning and the company's recent emergence from liquidation. The meeting was procedural with low attendance and only financial statements adoption on the agenda. E-voting results are awaited within two working days and may influence near-term stock sentiment.