Outcome of Board Meeting
KOHINOOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kohinoor Foods Ltd reported standalone net profit of Rs 8,765 Lakhs for FY ended March 2026, down from Rs 35,251 Lakhs in the prior year (FY24-25 included a large one-time exceptional gain of Rs 9,599 Lakhs from OTS settlement). Revenue from operations declined to Rs 14,770 Lakhs from Rs 18,186 Lakhs, representing a revenue decline. The company sold its Rice Plant at Murthal for Rs 190 Crores plus land for Rs 8 Crores, recognising the gain during the year. No dividend was recommended for FY25-26. Auditors issued a Qualified Opinion citing unprovided interest of Rs 318.42 Lakhs for the year (Rs 1,528.28 Lakhs cumulative) on a revoked corporate guarantee for the US subsidiary, and raised going concern doubts due to continuous operational losses and negative net worth. Prior period restatement was made for Rs 844.87 Lakhs of interest not provided in the previous year.
The qualified opinion and going concern uncertainty from auditors are serious red flags for investors. The revenue decline and ongoing legal disputes (DRT order demanding Rs 926.13 Crores, SEBI show cause notice) weigh heavily on the stock despite the reported profit, which was boosted by asset sale proceeds.