K S Oils Limited, one of India’s leading integrated edible oil company’s and the leader in the Packaged Mustard Oils business, today announced the appointment of three senior and renowned industry professionals as Independent Directors to its board. The induction of the three new Independent Directors will help K S Oils strengthen its board with respect to corporate governance measures and professional expertise.

The three independent Directors are Dr. S.M Dewan, former CMD, State Trading Corporation of India (STC) and Dr Ram P Aneja, former MD, National Dairy Development Board (NDDB) and Prof. R. P Singh, Director of the Harcourt Butler Technological Institute Kanpur They have over three decades of rich work experience in the corporate and academic world with specific focus in the agri-commodity businesses and research.

Welcoming the Independent Directors to the K S Oils board, Ramesh Chand Garg, Chairman K S Oils commented, “K S Oils today is uniquely placed in terms of growth & market-share and is well on its way in becoming a true Indian MNC in the agri-commodity and health products space. We need the guidance and validation of industry peers in our business decisions to ensure maximum value creation, risk mitigation and protection of rights of all stakeholders – especially the investors. We see the three Independent Directors adding tremendous value in terms of industry experience and professional expertise in our journey to become a world class company.”

With the induction of the three Independent Directors, the total strength of the K S Oils Board goes up to a total of 12 Directors including 6 Independent Directors. Along with the board the company has strengthened its senior management team with the induction of leading professionals from various fields.

K S Natural Resources Pte. Ltd., the subsidiary floated by K S Oils Limited in Singapore will be responsible for investments and acquisition overseas. The company has already entered into a Joint Venture in Malaysia for the purpose of Investments and acquisitions of Plantations for the manufacture of Palm Oil. With the high fluctuation of prices of commodities across the globe, this will help the company in having a fixed source of supply of the essential material to increase its share of the market and maintain the high standards of growth shown over the past year.

K S Natural Resources Pte. Ltd. has seen K S Oils invest upto 150 crores for the capital requirement for the purpose of identifying and acquiring assets in south east asia. Mr. Ramesh Garg, Chairman of K S Oils Limited said “India is one of the fastest growing markets in the world and keeping that in mind we are looking at being one of the leading players in the edible oil industry. The subsidiary in Singapore will help us ensure steady and cost effective supply of Crude Palm Oil so that we can maintain both top and bottom line growth in the coming years”

Sourced From: Beehive Priority Consultants

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• K S Oils floats Singapore subsidiary
• PDL appoints Independent Directors for its hospitality arm
• KS Oils buys 50000 acres of Palm plantation in Indonesia
• KS Oils welcomes Govt’s move to reduce duties on oil
• KS Oils to raise Rs 450 cr from equity funds, GDR