Proceedings 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 AGM on September 17, 2025 through video conferencing, covering the significantly delayed financial year ended March 31, 2020. The only resolution put to vote was the ordinary resolution to adopt the audited standalone financial statements for FY 2019-20 along with Board and Auditor reports. Out of 126,685 shareholders on record, only 38 public shareholders attended the meeting virtually, and promoter/promoter group shareholders recorded zero votes polled. Total voting participation was extremely thin at around 33 lakh votes out of roughly 45.9 crore outstanding shares, with 28,46,907 votes (86.15%) in favour and 4,57,649 votes (13.85%) against. The resolution was declared passed with requisite majority, and the result has been submitted along with the consolidated scrutinizer's report from KRR & Company.
Shareholders should note that this AGM is being held roughly five years late for FY 2019-20, reflecting serious corporate governance and compliance backlog, and promoter non-participation along with near-zero turnout from public-institution holders is a negative signal that may weigh on investor confidence and liquidity in the stock.