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Kohinoor Foods Q3 Update: New CFO Appointed; ₹227.45 Cr OTS Amount Paid to Lenders
Kohinoor Foods reported its Q3 FY26 results alongside a significant leadership change, appointing Prabhat Kumar as CFO. The company has successfully deposited the full One Time Settlement (OTS) amount of ₹227.45 crores with lenders to resolve its NPA status. However, the company continues to face severe legal challenges, including a DRT order to pay ₹926.13 crores and pending IBC petitions from PNB and IDBI Bank. Auditors have issued a qualified opinion, noting that the company has not provided for cumulative interest expenses of ₹835.14 crores since its accounts were classified as NPA.
Key Highlights
Appointed Prabhat Kumar as Chief Financial Officer effective November 18, 2025.
Deposited full One Time Settlement (OTS) amount of ₹227.45 crores plus interest with lenders.
Auditors flagged unprovided interest of ₹37.8 crores for the quarter and ₹835.14 crores cumulatively since NPA classification.
Contesting a DRT Delhi order directing the company to pay ₹926.13 crores to banks.
Rice manufacturing unit sold for ₹190 crores with full consideration received, though sale deed registration is pending.
💼 Action for Investors
Investors should exercise extreme caution as the company's financial health is heavily dependent on the finality of the OTS and the outcome of massive legal claims exceeding ₹900 crores. The auditor's qualification regarding unprovided interest highlights significant underlying liabilities that are not yet reflected in the profit and loss statements.
Kohinoor Foods Q3 Results: New CFO Appointed Amid ₹926 Cr Debt Dispute and OTS Progress
Kohinoor Foods reported its Q3 FY26 results, highlighting a transition in leadership with Mr. Prabhat Kumar taking over as CFO. The company is currently embroiled in significant legal battles, including a DRT order to pay ₹926.13 crores to lenders, which is being contested in the DRAT. While the company has reportedly paid ₹227.45 crores under a One Time Settlement (OTS), auditors have issued a qualified opinion due to the non-provisioning of interest exceeding ₹836 crores. Insolvency petitions from PNB and IDBI Bank remain pending, posing a high risk to the company's going concern status.
Key Highlights
Appointed Mr. Prabhat Kumar as CFO effective November 18, 2025, following the resignation of Mr. Pradeep Goswami.
Contesting a DRT order directing the company to pay ₹926.13 crores to banks; next hearing in March 2026.
Successfully deposited ₹227.45 crores towards a One Time Settlement (OTS) with lenders to resolve NPA status.
Auditors flagged a qualified conclusion for non-provisioning of interest totaling ₹83,614.80 lacs since NPA classification.
Insolvency petitions filed by PNB and IDBI Bank under Section 7 of IBC are currently pending before NCLT Chandigarh.
💼 Action for Investors
Investors should exercise extreme caution as the company's financial stability depends on the finality of the OTS and the outcome of massive debt litigations. The auditor's qualification regarding unprovided interest suggests the actual liabilities could be significantly higher than reported.
Kohinoor Foods Completes Rs 227.45 Cr One-Time Settlement with Consortium Lenders
Kohinoor Foods Limited has successfully paid the entire One-Time Settlement (OTS) amount of Rs 227.45 crore to its consortium lenders. In addition to the principal, the company has cleared delayed period interest calculated at MCLR (1Y) plus 2% effective from October 1, 2024. The company has now formally requested the lenders to release all charged securities and issue No Dues Certificates (NOCs). This completion of the OTS process is a critical step in resolving the company's long-standing debt obligations and improving its financial health.
Key Highlights
Paid total OTS principal amount of Rs 227.45 crore to consortium lenders
Cleared delayed interest at MCLR (1Y) + 2% for the period starting October 1, 2024
Requested lenders to release all securities and issue No Objection Certificates (NOCs)
Finalizes a settlement process that has been in progress since December 2024
💼 Action for Investors
Investors should view this as a significant positive development that cleans up the balance sheet and removes a major financial overhang. Monitor for the formal receipt of NOCs and any subsequent improvements in the company's credit rating or operational expansion.
Kohinoor Foods to Consider Q3 FY26 Results and CFO Appointment on February 13, 2026
Kohinoor Foods Limited has scheduled a Board Meeting for February 13, 2026, to review and approve the un-audited financial results for the quarter ended December 31, 2025. A significant agenda item includes the consideration and approval of a new Chief Financial Officer (CFO) for the company. The trading window for dealing in company securities has remained closed since December 22, 2025, in compliance with SEBI regulations. This meeting is critical for investors to gauge both the financial health and the leadership stability of the firm.
Key Highlights
Board meeting scheduled for February 13, 2026, to approve Q3 FY26 financial results.
Agenda includes the appointment of a new Chief Financial Officer (CFO) as Key Managerial Personnel.
Financial results cover the three-month period ending December 31, 2025.
Trading window for insiders has been closed since December 22, 2025.
💼 Action for Investors
Investors should monitor the upcoming financial results for signs of revenue growth and margin improvement, while also assessing the credentials of the new CFO appointee.