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 audited standalone profit after tax of Rs 3,755.41 Lakhs for FY ended March 2026, compared to a loss in the previous year, largely driven by a gain of Rs 9,599 Lakhs from the sale of its Murthal Rice Plant for Rs 198 Crores. The Board did not recommend any dividend for FY 2025-26. The auditors issued qualified opinions on both standalone and consolidated financials due to non-provision of Rs 318.42 Lakhs interest on revoked corporate guarantee of the US subsidiary (cumulative Rs 1,528.28 Lakhs unprovided) and material uncertainty about the company's ability to continue as a going concern given continuous operational losses and negative net worth. The company has fully paid its One-Time Settlement amount to lenders, and NCLT petitions have been disposed off.
The qualified audit opinion with emphasis on going concern raises red flags for investors despite the profit turnaround from asset sale. The unresolved Rs 926.13 Crores DRT order and pending SEBI show cause notice add legal risk. The stock may face selling pressure due to auditor concerns about financial viability.