Proceedings of 32nd Annual General Meeting held on September, 11 2025 at 4:00 PM through Video Conferencing Mode.
Awaiting price reaction for this filing.
K S Oils Limited held its 32nd AGM on September 11, 2025, at 4:00 PM via video conferencing, attended by 49 members and chaired by Whole Time Director Mr. Aman Bhutoria. The company disclosed its history of being admitted to the Corporate Insolvency Resolution Process (CIRP) in July 2017, followed by a liquidation order from NCLAT in March 2021, and the subsequent takeover by a newly constituted Board in February 2025 after acquisition by Soy-Sar Edible Private Limited. The AGM adopted the audited financial statements for FY ended March 31, 2018 (a delayed 7-year filing) and approved the appointment of the Statutory Auditor, both as ordinary resolutions. Auditors flagged a material going concern uncertainty due to past financial stress, operational shutdowns, and inability to generate positive cash flows. E-voting results were to be announced within two working days.
For shareholders, this AGM marks a significant turnaround moment — the company is emerging from liquidation under new management, but the delayed FY2018 financials and going concern warning highlight ongoing financial fragility. The stock may see volatility as the new board works on revival, but investors should note the deep operational and financial challenges still ahead.