Outcome of 38th AGM of K.S. Oils Limited for the FY 2023-24.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 38th AGM on September 29, 2025 via video conferencing, chaired by Whole Time Director Mr. Aman Bhutoria. Only 34 members attended the meeting, and no shareholder registered as a speaker. The only ordinary business transacted was the adoption of the Audited Standalone Financial Statements for FY ended March 31, 2024, along with the Board and Auditor's Reports. The company disclosed that the Auditors have issued a disclaimer of opinion and noted a material uncertainty on the company's ability to continue as a going concern due to past CIRP-related defaults, operational shutdowns, and inability to generate positive cash flows. E-voting results are to be announced within two working days.
The AGM was largely procedural with minimal shareholder participation. The ongoing going-concern uncertainty and disclaimer from auditors signal continued financial weakness for shareholders, though the newly constituted board (effective February 2025 post-acquisition by Soy-Sar Edible Private Limited) has expressed commitment to revival and regulatory compliance. Investors should await the e-voting results and monitor any revival plan announcements.