Kohinoor Foods Ltd shareholders approved all seven resolutions proposed at its 37th Annual General Meeting held on September 30, 2026. The meeting, conducted via video conferencing, saw strong promoter participation driving unanimous or near-unanimous voting outcomes across all agenda items.

The ordinary resolution for adopting the audited standalone and consolidated financial statements for FY26 received 99.99% votes in favor. Promoter group members cast 13,837,200 votes in favor with zero against, while public non-institutional shareholders voted 19,080 in favor against 998 against.

Director reappointments and auditor appointment

Shareholders approved the re-appointment of Satnam Arora as a director retiring by rotation. This ordinary resolution secured 99.99% support, with 13,856,255 votes in favor and 1,023 against. The meeting also ratified the appointment of M/s Arora and Choudhary, Chartered Accountants, New Delhi, as statutory auditors for a five-year term concluding at the 42nd AGM.

Special resolutions regarding the re-appointment and remuneration renewal of key management personnel were also passed:

• Jugal Kishore Arora (Whole Time Director): Approved with 99.99% votes in favor.
• Satnam Arora (Joint Managing Director): Approved with 99.99% votes in favor.
• Gurnam Arora (Joint Managing Director): Approved with 99.99% votes in favor.

Voting pattern analysis

The voting data highlights a significant concentration of decision-making power within the promoter group. Promoters held 13,965,790 shares, representing approximately 37.7% of the total outstanding shares of 37,071,530. However, their actual voting turnout was exceptionally high at 99.08% of their holdings, whereas public institutional shareholders recorded zero votes polled despite holding 9,390 shares.

What the Numbers Show

The divergence between shareholding distribution and voting turnout underscores the dominance of promoter influence in governance decisions. While public non-institutional shareholders hold a larger number of shares (23,096,350) than the promoter group (13,965,790), their voting participation was minimal, accounting for only 0.08% of their holdings in most resolutions. Consequently, the outcome of every vote was determined almost entirely by the promoter block, which voted unanimously on all items.

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:

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.