Proceeding of 33rd Annual General Meeting of the Company held on September 17, 2025 at 11.00 A.M. through VC.
Awaiting price reaction for this filing.
K S Oils Limited held its 33rd Annual General Meeting on September 17, 2025, via video conferencing, with 45 members in attendance. The meeting was chaired by Whole Time Director Mr. Aman Bhutoria, along with other directors, the CEO, CFO, and auditors present. The company provided a history update, noting it was admitted to CIRP in July 2017, went into liquidation via NCLAT order in March 2021, and a new board took charge in February 2025 after acquisition by Soy-Sar Edible Private Limited. The only business transacted was the adoption of audited standalone financial statements for the financial year ended March 31, 2019 — a six-year-old set of accounts. Auditors flagged disclaimer opinions and material uncertainty on the company's ability to continue as a going concern due to past defaults and financial stress. E-voting results are to be announced within two working days.
Shareholders should note the company is emerging from a prolonged insolvency and liquidation process under a new promoter, but the adoption of FY2019 financials, auditor disclaimers, and going concern doubts signal that the business remains in a fragile state with high uncertainty for investors.