Q1 FY26 results, 105 Cr rights issue and auditor change
KOHINOOR · price
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Board approved Q1 FY26 (ended June 30, 2026) un-audited standalone and consolidated results. Approved rights issue of equity shares up to Rs. 105 Crores. New auditor M/s. Arora and Choudhary recommended to replace N C Raj and Associates for 5 years. 37th AGM on September 30, 2026. Auditor gave qualified conclusion over non-provisioning of interest on revoked US subsidiary corporate guarantee (Rs. 1614.89 lacs cumulative). Pending litigations include DRT demand of Rs. 926.13 Crores being contested.
Rights issue may dilute shareholding. Auditor flagged non-provisioning on US subsidiary guarantee. Pending DRT demand of Rs. 926.13 Cr remains a risk.