Kohinoor Foods Limited — Important, 22-04-2025: General Updates
22-04-2025 | 03:05 pm
22-04-2025 | 03:05 pm
The company has secured a one-time settlement (OTS) regarding the sale of property in Haryana, which comes with a notable financial transaction. A total of ₹200 crore has been agreed upon, with the investor having deposited ₹190 crore so far. Subsequently, the company has deposited ₹10 crore as part of this arrangement. A No Objection Certificate (NOC) has been issued related to the property, confirming that there are no existing charges against it, which facilitates the process. The advancement in this deal enhances the company's liquidity position and reduces prior obligations, positioning it for future operational flexibility. Investors should watch closely as this strategic move may yield opportunities for growth and stability.
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