Kohinoor Foods Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KOHINOOR · price
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Kohinoor Foods submitted its unaudited standalone and consolidated results for the quarter ended June 30, 2025, after a board meeting on August 13, 2025. The company's bank accounts are classified as Non-Performing Assets (NPA) and it has NOT provisioned interest on bank loans to the extent of Rs. 3,743.96 lakhs for the quarter (Rs. 76,971.21 lakhs cumulative since NPA classification), nor on a revoked USA subsidiary corporate guarantee of Rs. 74.34 lakhs for the quarter. The auditor NCRAJ & Associates issued a QUALIFIED conclusion and multiple Emphasis of Matter paragraphs, flagging pending IBC petitions, DRT proceedings, tax demands, and unreconciled balances. The company has entered a One Time Settlement (OTS) of Rs. 227.45 crores with consortium banks and has paid Rs. 200 crores, with Rs. 27.45 crores still due by September 27, 2025. The rice manufacturing unit has been demonetized for Rs. 190 crores and the 36th AGM is scheduled for September 30, 2025.
This is a high-risk filing. The qualified audit opinion, NPA status, pending NCLT/IBC petitions, and the going-concern qualifier signal serious financial distress. Shareholders should be cautious as the company also approved a massive authorized capital hike from Rs. 25 crores to Rs. 375 crores, which raises significant dilution risk for existing shareholders.