Kohinoor Foods Limited — Others, 21-03-2025: Shareholders meeting

Kohinoor Foods Limited has announced a board meeting to seek shareholder approval for the sale of its rice factory located in Murthal, Haryana, to RCM Consumer Products Private Limited for INR 190 Crores. This decision follows the company's ongoing efforts to settle its Non-Performing Asset status with banks, involving a One Time Settlement proposal. The anticipated completion of this transaction is expected by mid-2025, with no impact on the brand's name or change in shareholding structure. Investor sentiment may see a positive outlook as proceeds will assist in addressing past financial challenges, supporting the company’s recovery strategy.