Voting Result & Scrutinizer''s Report of K.S. Oils Limited for 39th AGM for the FY 2024-2025.
Awaiting price reaction for this filing.
K.S. Oils Limited (now acquired by Soy-Sar Edible Private Limited) held its 39th AGM on December 26, 2025 via video conferencing. A total of 13 resolutions were passed, comprising 3 ordinary and 10 special resolutions, with all voted through e-voting (no poll or postal ballot). Of the 16.98 crore outstanding shares, about 16.14 crore (95.02%) were polled, and almost every resolution received 99.98%-100% support overall, driven largely by the promoter group holding ~16.13 crore shares. Key items included adoption of FY25 audited financial statements, appointment of statutory and secretarial auditors, regularization of several directors including independent directors, approval of borrowing limits under Section 180(1)(c), authorization to sell/lease the company's undertaking under Section 180(1)(a), and approval of related party transactions. Public non-institutional shareholders had very low turnout (only 42,378 of 84.56 lakh shares voted, about 0.50%), and notably opposed the regularization of Ms. Deepa Singhal as Independent Director (80.59% against among public voters) and the sale/lease authorization (80.37% against among public voters), though these still passed due to promoter support.
All 13 resolutions passed, including significant ones like borrowing limit expansion, potential sale of company undertakings, and related party transactions, which give the board wide operational flexibility. However, meaningful public shareholder dissent on director regularization and asset sale resolutions is worth noting for retail investors to monitor.