Q1 FY27 results, Rs 105 Cr rights issue, new auditor
KOHINOOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kohinoor Foods Board approved Q1 FY27 (Jun 2026) unaudited standalone and consolidated results. Auditor gave a qualified opinion over non-provision of Rs 1614.89 lakh interest on revoked corporate guarantee for its USA subsidiary. Board approved a rights issue of up to Rs 105 crore. New auditor M/s Arora & Choudhary recommended for 5 years, replacing N C Raj and Associates. Multiple legal matters ongoing including a DRT order of Rs 926.13 crore against the company. 37th AGM set for Sept 30, 2026.
Rights issue may dilute existing shareholders. Qualified audit opinion, going concern flag, and large DRT litigation are red flags.