- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Kohinoor Foods has announced a board meeting on 29th May to approve the financial results for the quarter and half-year. The company reported a consolidated turnover of Rs 475.38 Cr but posted a net loss of Rs 215.82 Cr due to audit adjustments related to bank loans and revoked corporate guarantees. No dividend was declared. It has agreed on a revised one-time settlement with lenders for Rs 227.45 Cr, having already paid Rs 200 Cr. The company plans to monetize its rice manufacturing unit for Rs 190 Cr, continuing operations through leasing. Management remains confident about continuity amid ongoing challenges.