Kohinoor Foods Limited — Results, 24-02-2025: Integrated Filing- Financial
24-02-2025 | 05:51 pm
24-02-2025 | 05:51 pm
Kohinoor Foods Limited has announced a board meeting to review the integrated financial results for the quarter and the nine-month period ended December 31, 2024. Despite ongoing challenges, management asserts the company remains a going concern, primarily due to an approved One Time Settlement (OTS) from the lead bank and interest from potential asset buyers. The company has made a provision of ₹4.86 crore towards OTS for this quarter, contributing to a total of ₹34.03 crore to date. Investors may view this development as a positive outlook, given the commitment to resolve financial obligations amidst financial constraints and ongoing litigation.
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