Submission of e - voting result along with the consolidated Scrutinizer report for the 31st AGM of K.S. Oils Limited.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 31st AGM on September 11, 2025 via video conferencing and submitted the e-voting results along with the scrutinizer's report. Two ordinary resolutions were passed: adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2017 (notably, financials from 8 years ago, indicating significant delays in AGM cycles). Both resolutions passed with 90.54% votes in favor and 9.46% against, but voter turnout was extremely low at only about 0.95% of total shares (roughly 4.38 million shares out of 459.18 million). Strikingly, promoters holding 34.6 million shares did not cast any vote at all, and only 59 public shareholders attended the meeting via video conferencing. The company is currently noted as having been acquired by Soy-Sar Edible Private Limited.
Both resolutions passed comfortably but the very low voting turnout and complete absence of promoter participation signal weak shareholder engagement. The fact that these are FY2017 financial statements being approved in 2025 raises governance and timeliness concerns that retail investors should weigh carefully.