Kohinoor Foods
29.57
-0.23(-0.77%)
Market Cap₹109.62 Cr
PE Ratio0.30
IndustryFMCG
Company Performance:
1D-0.77%
1M-10.26%
6M-23.47%
1Y-26.15%
5Y+262.82%
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More news about Kohinoor Foods
24Apr 25
Kohinoor Foods Sells Factory Unit for ₹190 Crore in Strategic Move
Kohinoor Foods Limited has approved the sale of its factory unit in Sonepat, Haryana, to RCM Consumer Products Private Limited for ₹190 crore. The unit, contributing 113.90% to the previous year's turnover, is being sold as part of a One Time Settlement with banks, following the company's NPA status since 2018. Shareholder approval was obtained on April 21, 2025. Simultaneously, the company announced the appointment of Mr. Pradeep Goswami as the new CFO, replacing Mr. Chashu Arora.
23Apr 25
Kohinoor Foods Shareholders Approve Sale of Rice Factory for 190 Crore Rupees
Kohinoor Foods Limited has received shareholder approval to sell its rice factory in Murthal, Haryana, to RCM Consumer Products Private Limited for ₹190 crore. The sale, approved by 99.83% of shareholders, is part of the company's strategy to settle outstanding debts with banks. The factory represents 68.50% of the company's total asset book value and 113.90% of its turnover. Kohinoor Foods, declared an NPA since 2018, will use the proceeds for a One Time Settlement with banks. The company also announced management changes, with Mr. Pradeep Goswami replacing Mr. Chashu Arora as CFO.
22Apr 25
Kohinoor Foods Secures Rs 200 Crore Payment and NOC for Haryana Plant Sale
Kohinoor Foods Ltd has received Rs 200 crore as part of a one-time settlement and tripartite agreement. The lead bank issued a No Objection Certificate for the sale of the company's Haryana plant and machinery. The buyer deposited Rs 190 crore, with Kohinoor Foods contributing the remaining Rs 10 crore. The NOC allows the company to file for satisfaction of charge with relevant authorities. Despite these developments, Kohinoor Foods' current market capitalization stands at Rs 140 crore.
Kohinoor Foods
29.57
-0.23
(-0.77%)
1 Year Returns:-26.15%
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