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KOHINOOR - Kohinoor Foods

📊 NSE: KOHINOOR 🏢 Food - Processing - Indian 📅 Last Updated: 12/14/2025 8:58

📢 Recent Corporate Announcements

Kohinoor Foods Q3 Update: New CFO Appointed; ₹227.45 Cr OTS Amount Paid to Lenders

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 13 Feb 2026, 05:24 PM

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.

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.

💡 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

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 13 Feb 2026, 05:20 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 9/10

OTHER 📅 09 Feb 2026, 06:07 PM

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.

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

💡 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

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 05 Feb 2026, 06:28 PM

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.

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.

💡 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.

Kohinoor Foods Reports 100% SDD Compliance for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 19 Jan 2026, 06:00 PM

Kohinoor Foods Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended December 31, 2025. The company confirmed that it has captured all 7 required events involving Unpublished Price Sensitive Information (UPSI) during the period. The database is maintained internally, is non-tamperable, and includes an audit trail as per SEBI (Prohibition of Insider Trading) Regulations. No instances of non-compliance were reported for the quarter.

Successfully captured 7 out of 7 required UPSI events in the digital database.
Full compliance with Regulation 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations.
Maintained a non-tamperable internal database with an audit trail capability of 8 years.
Zero non-compliance issues or remedial actions reported for the quarter ended December 2025.

💡 This is a routine regulatory filing indicating adherence to corporate governance and insider trading norms. No immediate investment action is required based on this report.

Kohinoor Foods Submits SEBI Compliance Certificate for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 05:38 PM

Kohinoor Foods Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Skyline Financial Services, confirms that physical share certificates received for dematerialization during the quarter ended December 31, 2025, were processed correctly. The registrar verified that the securities were listed on stock exchanges and that physical certificates were mutilated and cancelled within the mandatory 15-day period. This is a standard administrative filing required for all listed companies in India.

Compliance certificate issued for the quarter ended December 31, 2025.
Registrar Skyline Financial Services confirmed the processing of dematerialization requests.
Physical share certificates were mutilated and cancelled as per SEBI guidelines.
Depository records were updated within the stipulated 15-day timeframe.

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's financial performance and operational updates.

Kohinoor Foods Announces Trading Window Closure from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Dec 2025, 06:48 PM

Kohinoor Foods Limited has notified the stock exchanges that its trading window will be closed starting January 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The window will remain shut for all insiders and designated employees until 48 hours after the declaration of the un-audited financial results. This is a standard regulatory procedure followed by listed companies prior to earnings announcements.

Trading window closure begins on January 01, 2026.
Closure is related to the un-audited financial results for the quarter ending December 31, 2025.
Window will reopen 48 hours after the official announcement of the financial results.
Restriction applies to all Directors, Designated employees, and their immediate relatives.

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming Q3 results to evaluate the company's financial health.

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💰 Financial Performance

Revenue Growth by Segment

Total turnover decreased by 4.52% YoY, falling from INR 95.73 Cr in FY24 to INR 91.41 Cr in FY25. The food business segment saw a marginal increase of 0.03% in sales value terms despite overall revenue decline.

Geographic Revenue Split

Not explicitly disclosed by percentage, but the company operates in USA, UAE, Canada, Australia, Middle East, Singapore, Japan, Mauritius, and Europe. USA operations via Kohinoor Foods USA Inc. reported zero business in FY25 due to lack of export sales.

Profitability Margins

Net Profit Margin for FY25 stood at 399.06% (INR 364.78 Cr profit on INR 91.41 Cr revenue), which is highly skewed due to exceptional income from One Time Settlements (OTS) with banks. In FY24, the company reported a net loss of INR 4.53 Cr.

EBITDA Margin

PBIDT margin improved significantly to 380.65% in FY25 (INR 347.95 Cr) from 16.06% in FY24 (INR 15.37 Cr), driven by the resolution of bank liabilities and exceptional gains.

Capital Expenditure

Not disclosed in available documents for the current period; however, historical infrastructure includes a rice mill with 50 MTPH capacity and a food processing unit for 75,000 meals per day.

Credit Rating & Borrowing

The company is under 'Issuer Not Cooperating' category as per PR dated July 13, 2021. Borrowing costs are currently unquantified in the P&L as the company has stopped providing for interest on NPA accounts, with unprovided interest totaling INR 805.95 Cr since classification.

⚙️ Operational Drivers

Raw Materials

Basmati Paddy/Rice (represents over 60% of procurement risk focus), spices, edible oils, and dairy (paneer).

Import Sources

Primarily sourced from India, specifically the Basmati producing regions with adequate irrigation facilities to mitigate procurement risks.

Key Suppliers

Direct procurement from farmers built on long-term relationships to ensure constant supply.

Capacity Expansion

Current installed capacity includes a rice mill at Murthal (Haryana) with 50 Metric Tonne Per Hour (MTPH) and a food processing unit at Sonepat (Haryana) producing 75,000 ready meals per day.

Raw Material Costs

Not disclosed as a specific percentage of revenue for FY25, but the company notes high working capital requirements due to the necessity of aging Basmati rice for 9-12 months.

Manufacturing Efficiency

The company utilizes a 50 MTPH rice milling facility; specific utilization percentages for FY25 were not provided.

📈 Strategic Growth

Expected Growth Rate

0.03%

Growth Strategy

Growth is targeted through the implementation of a Resolution Plan and One Time Settlement (OTS) with a consortium of banks to stabilize the balance sheet. The company is also seeking interest from prospective investors to infuse liquidity and restart dormant business lines like the US export market.

Products & Services

Basmati rice, ready-to-eat meals, frozen food, cooking pastes, chutneys, spices, paneer (Indian cottage cheese), healthy grains, and edible oils.

Brand Portfolio

Kohinoor

Market Expansion

The company aims to revive its presence in the USA and Canada markets once financial constraints are resolved and export operations resume.

Market Share & Ranking

Described as one of the dominant Indian players in the rice milling and food processing sector, though specific percentage market share is not provided.

Strategic Alliances

Joint Venture with Rich Rice Raisers LLC (25% shareholding) has closed its operations and is no longer consolidated.

🌍 External Factors

Industry Trends

The industry is shifting from unorganized loose rice to branded packaged products. Current trends show a move toward processed and packaged food, where the company saw a marginal 0.03% growth.

Competitive Landscape

Faces intense competition from the unorganized sector and other branded players in the Basmati and ready-to-eat segments.

Competitive Moat

The 'Kohinoor' brand name acts as a significant moat with global recognition. However, this is currently threatened by liquidity issues and the inability to service debt, leading to auditor concerns over 'Going Concern' status.

Macro Economic Sensitivity

Highly sensitive to global recession and subdued demand, which contributed to the 4.52% decline in turnover in FY25.

Consumer Behavior

Increasing demand for branded, healthy grains and ready-to-eat meals in international markets.

Geopolitical Risks

Political uncertainty in overseas markets is identified as a key risk affecting the stability of the export business.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to Regulation 33 of SEBI (LODR) and Section 133 of the Companies Act, 2013. Compliance with custom offices (Mundra) for documentation is also noted.

Environmental Compliance

The company claims to endorse the highest health, safety, security, and environmental standards, though specific ESG costs are not disclosed.

Taxation Policy Impact

Tax expense for FY25 was INR 5.77 Cr compared to a tax credit of INR 4.42 Cr in FY24.

Legal Contingencies

The company faces an inquiry from SEBI; a reply has been submitted. There is a contingent liability regarding a revoked corporate guarantee for the USA subsidiary totaling INR 13.63 Cr in unprovided interest.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the company's ability to continue as a 'Going Concern' given its liquidity problems and NPA status. Auditors have qualified their opinion due to non-provision of interest exceeding INR 805 Cr.