Q1 FY27 results, Rs 105 Cr rights issue, new auditor appointed
KOHINOOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 18.7 pts more than Nifty Microcap 250 and 17.5 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kohinoor Foods board approved Q1 FY27 unaudited standalone and consolidated results. Auditor issued a qualified review with emphasis of matter, flagging unprovided interest of about Rs 16.15 Cr cumulative on a revoked corporate guarantee for a US subsidiary. Management asserts going concern after fully paying its one-time settlement to lenders, but a DRT order of Rs 926.13 Cr from October 2025 remains under appeal. Board approved a rights issue of up to Rs 105 Cr and appointed M/s Arora and Choudhary as new statutory auditor for 5 years. 37th AGM set for September 30, 2026.
Rights issue may dilute existing shareholders. Qualified audit opinion and large pending DRT order create uncertainty. New auditor brings fresh oversight.