Proceedings of 35th AGM of K.S. Oils Limited for the FY 2020-2021.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 35th Annual General Meeting on September 26, 2025, via video conferencing, and submitted the e-voting results to the exchanges. Two ordinary resolutions were put to vote. The first was the adoption of audited financial statements for the financial year ended March 31, 2021, which was approved with 97.09% of votes in favor (24,80,858 shares) and 2.91% against (74,232 shares). The second resolution pertained to the appointment of the statutory auditor, also approved with 97.09% in favor (24,80,663 shares) and 2.91% against (74,427 shares). Out of 126,685 shareholders on record, only 37 public shareholders attended the meeting through video conferencing, and promoter group shareholders did not participate in e-voting. The total votes polled represented just 0.56% of the company's outstanding shares.
Both resolutions passed with overwhelming majority, indicating smooth shareholder approval with no contention. The very low voter turnout (under 1% of outstanding shares) and zero promoter participation is notable but does not affect validity of the resolutions. Shareholders should note the AGM covers financial year 2020-2021, suggesting a significant delay in filing.