Kohinoor Foods Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
KOHINOOR · price
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Kohinoor Foods' board, at its February 13, 2026 meeting, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board also noted the resignation of Mr. Pradeep Goswami as CFO (effective November 17, 2025) and appointed Mr. Prabhat Kumar, a Chartered Accountant, as the new CFO effective November 18, 2025. The auditor (NCRAJ & Associates) issued a qualified review report, flagging that the company has not provided for interest on bank loans of about Rs 83.5 crore cumulatively since accounts were classified as NPA, and interest on a revoked US subsidiary corporate guarantee of about Rs 14.4 crore. The report also carries an Emphasis of Matter on pending tax/GST demands, MSMED interest, and various legal cases. The company highlighted that it has fully paid a One-Time Settlement (OTS) of Rs 227.45 crore to lenders, sold its rice manufacturing unit for Rs 190 crore (possession handed over, sale deed pending), and continues to face IBC Section 7 petitions from PNB and IDBI Bank at NCLT Chandigarh, along with a DRT order directing payment of Rs 926.13 crore to the lead bank.
Shareholders should note this is a high-risk filing: the auditor's report is qualified, the company has been classified as a Non-Performing Asset by banks, multiple insolvency petitions and a Rs 926 crore DRT order are pending, and the going-concern status is sustained only by the OTS payment. While OTS closure and the rice unit sale reduce some near-term solvency pressure, lingering litigation and pending IBC petitions mean the stock remains event-driven and speculative.