Kohinoor Foods completes revised one-time settlement, gets no-dues

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Completed payment of revised One-Time Settlement under Revive Plan on September 22, 2026
  • Received No Dues Certificates from all lenders, including Indian Bank
  • Consolidated No Objection Certificate from consortium lenders is currently awaited
  • Marks a key milestone in financial restructuring sanctioned in December 2024
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Kohinoor Foods Ltd completed the payment of its revised One-Time Settlement proposal under the Revive Plan on September 22, 2026. This milestone marks a significant step in the company's financial restructuring journey, following the consortium lenders' sanction in December 2024.

The settlement included applicable delayed interest. Upon completion of the payment, Kohinoor Foods received No Dues Certificates from all lenders. The final certificate from Indian Bank was received on September 22, 2026. A consolidated No Objection or Dues Certificate from the consortium lenders is currently awaited.

Restructuring timeline

The company's path to this resolution involved multiple regulatory intimations and lender approvals. The key dates in this restructuring process are outlined below:

Event Date
Consortium lenders sanctioned Revive Plan December 24, 2024
Initial intimation to exchanges December 23, 2024
Subsequent intimations February 14, 2025; March 31, 2025; April 22, 2025; February 9, 2026
Completion of payment and receipt of No Dues Certificates September 22, 2026

Regulatory compliance and next steps

This development was reported to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it remains focused on completing remaining formalities and advancing strategic priorities to drive sustainable growth and long-term value creation for stakeholders.

Historical Stock Returns for Kohinoor Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%-0.48%-14.86%+42.89%-8.08%0.0%

How will the removal of debt burdens impact Kohinoor Foods' capital expenditure plans for capacity expansion in the coming fiscal year?

What specific strategic priorities has management outlined to drive sustainable growth now that the Revive Plan is complete?

How might the successful restructuring influence Kohinoor Foods' ability to secure new working capital facilities from banks?

Kohinoor Foods confirms no encumbrance on promoter shares

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Reviewed by
Suketu GScanX News Team
Key Highlights

Kohinoor Foods Limited disclosed that its promoters hold 13,965,790 shares as on March 31, 2026, with no encumbrance other than those previously disclosed. The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Satnam Arora, Promoter and Joint Managing Director, authorized the submission on behalf of the promoters and Persons Acting in Concert.

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kohinoor foods has confirmed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, states that the promoters hold 13,965,790 shares in the company as of the specified date. This declaration ensures that the shares are free from charges such as pledges or hypothecation, barring any previously disclosed liabilities.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation mandates disclosures regarding the encumbrance of shares by promoters and Persons Acting in Concert (PAC). The submission confirms compliance with these norms, providing transparency to shareholders regarding the status of the promoter's holdings.

Shareholding Details

The disclosure provides specific data regarding the promoter's shareholding position as of the close of the financial year.

Parameter Details
Total shares held 13,965,790
Date of status March 31, 2026
Encumbrance status No encumbrance

Satnam Arora, Promoter and Joint Managing Director of Kohinoor Foods Limited, authorized the submission of this disclosure. The letter was addressed to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited. The confirmation covers the equity shares held directly or indirectly by the promoters and PAC.

Historical Stock Returns for Kohinoor Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%-0.48%-14.86%+42.89%-8.08%0.0%

How will the absence of encumbrance on promoter shares impact investor confidence in Kohinoor Foods' stock?

What are the potential strategic plans for the unpledged promoter holdings in the upcoming financial year?

Could this disclosure signal a shift in the company's capital structure or future fundraising strategies?

More News on Kohinoor Foods

1 Year Returns:-8.08%