Latest news about Kohinoor Foods
Kohinoor Foods
25.52
+0.24(+0.95%)
Company Performance:
View Company Insights1D+0.95%
1M-8.53%
6M-13.73%
1Y-33.12%
5Y+229.29%
More news about Kohinoor Foods
13Nov 25
Kohinoor Foods Reports Q2 Results Amid Financial Challenges and Debt Restructuring
Kohinoor Foods Limited faces ongoing financial challenges. The company has entered a One-Time Settlement (OTS) agreement with lenders, paying Rs. 205 crores out of Rs. 227.45 crores due. It's seeking an extension for the balance payment. As part of restructuring, Kohinoor has sold its rice manufacturing unit for Rs. 190 crores. The company faces legal issues, including a DRT order to pay Rs. 926.13 crores to banks and petitions under the Insolvency and Bankruptcy Code. Unprovided interest on NPA loans totals Rs. 80,595.02 lacs. Despite challenges, management considers the company a going concern based on the OTS sanction and interest in its assets.
03Nov 25
Kohinoor Foods Faces INR 926.13 Crore DRT Order Amid One-Time Settlement Challenges
Kohinoor Foods has been ordered by the Debt Recovery Tribunal-III, Delhi to pay INR 926.13 crores to its consortium of banks within 30 days. This comes while the company is in the midst of a one-time settlement (OTS) agreement, having already deposited INR 205 crores of the total INR 227.45 crores OTS amount. The company is contesting the DRT order and has requested an extension for the OTS payment from member banks. Two banks have expressed inability to proceed with the OTS due to non-compliance. These financial challenges are impacting Kohinoor Foods' operations and financial activities.
13Aug 25
Kohinoor Foods Board Approves Q1 Results, Capital Increase, and AGM Schedule
Kohinoor Foods Limited held a board meeting on August 13, 2025, approving unaudited financial results for Q2 2025. The board decided to increase authorized capital from Rs. 75.00 crores to Rs. 375.00 crores, subject to shareholder approval. The 36th AGM is scheduled for September 30, 2025, with book closure from September 20-30. The company has made significant progress in its One Time Settlement with consortium banks, having paid Rs. 200.00 crores out of Rs. 227.45 crores, with the remaining balance due by September 27, 2025.
29Jul 25
Kohinoor Foods Receives Enforcement Directorate Summon Under FEMA
Kohinoor Foods Limited has received a summon from the Directorate of Enforcement (ED) under the Foreign Exchange Management Act (FEMA). The company is required to produce various documents related to its operations. The summon was addressed to an incorrect location in Manesar, Gurgaon. Kohinoor Foods has stated that its Director or a representative will appear before the authorities and submit the required documents. The company has informed the stock exchanges about this development in compliance with SEBI regulations.
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.
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