Kohinoor Foods Announces Financial Results for the Quarter and Year Ended March 31, 2026

Kohinoor Foods Announces Financial Results for the Quarter and Year Ended March 31, 2026​

Kohinoor Foods Limited has announced its financial results for the quarter and the financial year ended March 31, 2026. The company reported figures for both its standalone and consolidated financial results, alongside several key operational updates regarding asset sales and legal settlements.

Quarterly and Annual Financial Overview​

The financial statements provide a detailed look at the company's financial performance across the last three years. Key operating metrics, presented in Rupees in Lacs, are as follows:


Note: The figures are extracted from the audited and un-audited financial results provided.

Key Financial and Operational Highlights​

The company reported several significant transactions and adjustments during the year:

• Asset Disposal: During the year, Kohinoor Foods sold its Rice Plant situated at Murthal Sonipat, Haryana, for a consideration of Rs. 190 Crores. The transaction included an additional piece of land valued at Rs. 8 Crore, resulting in total consideration of Rs. 198 Crores. The sale consideration was detailed as Rs. 173 Crores for the Land & Building and Rs. 25 Crores for Machinery. Of the consideration for land and building, sale deeds totaling Rs. 82.35 Crores were registered by March 31, 2026, and another sale deed of Rs. 80 Crores was registered in May 2025. A balance land parcel valued at Rs. 10.65 Crores has not yet been registered.
• Financial Adjustments: The company booked a significant prior period expense related to interest amounting to Rs. 844.87 Lacs, pertaining to the period from 01-10-2024 to 31.03.2025. This amount was treated as a prior period expense, leading to a negative Finance cost for the current quarter.
• Asset Status: Management assessed that the recoverable amount of assets is higher than its carrying value, and therefore, no impairment of assets needs to be recorded in the financial statements.

Disclosures and Qualifications​

Auditors highlighted several points relating to the company’s financial standing and legal matters:

Outstanding Guarantees:
The company has not provided interest towards the revoked corporate guarantee of its wholly owned subsidiary in the USA. The required amounts were noted as:

• Quarterly amount (for the period ended 31.12.2025): Rs 84.33 lacs.
• For the year ended 31.03.2026: Rs 318.42 lacs.
• Up to 31.03.2026 (from the date of revocation): Rs 1528.28 lacs.

Going Concern Status:
A material uncertainty exists regarding the company's ability to continue as a going concern. This concern is noted due to continuous operational losses and negative net worth, requiring management to assess the realizable value of assets and liabilities.

Legal and Financial Proceedings:
The company confirmed completing the One Time Settlement (OTS) with lenders and paying the full agreed amount along with interest. Furthermore, the company reported that multiple petitions filed before the Debt Recovery Tribunal (DRT) and the NCLT, Chandigarh Bench, were disposed of, as the full OTS amount, including interest, has been paid.

The company also reported that the Municipal Corporation issued a notice to the Builder of Pinnacle Tower for vacating the premises, a matter currently subject to legal proceedings in various High Courts.

KOHINOOR Stock Price Movement​

On Wednesday, Kohinoor Foods Limited shares edged higher, closing at ₹25.28, marking a gain of 1.69%. The stock gained ₹0.42 on the session, trading on a total volume of 43,952 shares.