Proceeding of 34th AGM of K.S. Oils Limited for the financial year 2019-2020.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 34th Annual General Meeting on September 17, 2025 via video conferencing, chaired by Whole Time Director Mr. Aman Bhutoria, with 38 members in attendance. Only 38 members attended, and the meeting covered the long-pending FY 2019-2020 financial statements — about five years late. The company shared its insolvency history: admitted under CIRP in July 2017, liquidation ordered by NCLAT in March 2021, and a new Board taking charge on February 7, 2025 after acquisition by Soy-Sar Edible Private Limited. The auditors issued a disclaimer of opinion due to going-concern doubts from past defaults, operational shutdowns, and inability to generate cash flows. Only one resolution was transacted — adoption of the FY2020 standalone audited financial statements — and e-voting results will be announced within two working days.
For shareholders, this filing signals a company in recovery mode post-liquidation, with a new management pledging revival efforts, but the auditor's going-concern disclaimer and history of insolvency remain serious red flags. The AGM being held over five years late and very low attendance suggest weak investor engagement and unresolved financial stress.