Submission of e-voting result along with consolidated Scrutinizers Report for the 32nd AGM of K.S. Oils Limited.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 32nd Annual General Meeting on September 11, 2025, via video conferencing, and submitted the e-voting results and Scrutinizer's Report to BSE and NSE on September 12, 2025. Two ordinary resolutions were passed: (1) Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2018, which received 89.03% votes in favor (3,892,636 shares) and 10.97% against (479,543 shares); and (2) Appointment of Statutory Auditor, which received 98.05% votes in favor (4,287,836 shares) and 1.95% against (85,443 shares). Of 126,685 total shareholders on the record date (September 4, 2025), only 49 public shareholders attended via VC and none from the promoter group. The Scrutinizer was Rajeev Raj Kumar of KRR & Company, who certified that both resolutions were passed with the requisite majority. Notably, the financials being approved are for FY ended March 31, 2018, indicating the AGM is being held approximately seven years late. The company's letterhead also states it is 'Acquired by Soy-Sar Edible Private Limited.'
Both resolutions were approved, but shareholders should note the AGM is approving FY2018 financial statements roughly seven years after the period-end, raising serious concerns about governance, compliance delays, and the company's financial reporting history. The company is also noted as having been acquired by Soy-Sar Edible Private Limited, which may affect existing shareholders' positions.