Kohinoor Foods Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Kohinoor Foods has announced a board meeting outcome, approving the consolidated financial results for the quarter and half-year. The company posted a sharp loss due to interest non-provisioning on overdue loans and a revoked corporate guarantee related to its US subsidiary. It settled Rs 200 Cr of a Rs 227.45 Cr liability under a revised one-time settlement with lenders. Kohinoor plans to monetize its rice manufacturing unit for Rs 190 Cr but will continue operating it on lease. Despite financial stress and legal challenges, management is confident about continuing operations. No dividend declared.