Kohinoor Foods Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board has approved the un-audited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2024. The results include significant specifics of financial performance, showing resilience despite ongoing challenges. A critical decision made during the meeting is the approval for the slump sale of the company’s factory unit located at Murthal, Sonipat, Haryana, pending shareholder and regulatory approval. The sale is projected at a consideration of Rs 190 Crores, aimed at meeting the obligations due to banks under an approved One Time Settlement (OTS). Additionally, a postal ballot has been initiated for shareholder approval.