Kohinoor Foods Board Approves Q3 FY26 Results, Appoints New CFO
Kohinoor Foods Limited approved Q3 FY26 results on Feb 13, 2026. Mr. Prabhat Kumar appointed as CFO from Nov 18, 2025, replacing Mr. Pradeep Goswami. The company entered into a One-Time Settlement (OTS) with lenders for ₹227.45 Crores and demonetized its rice unit for ₹190.00 Crores. Auditors noted unprovided interest on NPAs and highlighted ongoing legal disputes.
The announcement details significant financial results, a change in key management (CFO), and extensive information on ongoing litigation, debt restructuring (OTS), and potential financial liabilities. These factors have a substantial impact on the company's financial health, operational stability, and investor perception.
The announcement includes the approval of financial results and a key management change, which are positive. However, significant ongoing legal disputes, large outstanding amounts related to NPA classification, and the auditors' qualified conclusion introduce a substantial degree of uncertainty and risk, balancing out the positive aspects.
Kohinoor Foods Limited announced the outcome of its Board Meeting held on February 13, 2026, which commenced at 3:00 PM and concluded at 5:10 PM. The Board approved the unaudited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025. The company also noted the resignation of Mr. Pradeep Goswami as Chief Financial Officer (CFO) effective November 17, 2025. Subsequently, the Board approved the appointment of Mr. Prabhat Kumar, a Chartered Accountant, as the new CFO, effective November 18, 2025. Mr. Kumar is a qualified CAIIB with an MA in English and a Bachelor of Law, possessing over five decades of experience in banking, accounts, and finance.
The financial results filing highlighted significant legal and financial matters. The company is contesting an ex-parte interim order from DRT Delhi regarding its assets and a petition filed by the lead bank under Section 19(4) of the Act, with an order directing payment of ₹926.13 Crores. Petitions have also been filed under the Insolvency and Bankruptcy Code, 2016, by secured creditors (PNB and IDBI Bank) before NCLT Chandigarh. The company is contesting proceedings initiated by a vendor, with warrants of attachment issued on its properties and bank accounts. A significant deposit of ₹1 Crore and subsequently ₹1,11,65,522 was made following a High Court order.
Furthermore, the company has entered into a One-Time Settlement (OTS) with its lenders, depositing the full amount of ₹227.45 Crores with interest. The company has also demonetized its rice manufacturing unit, with the buyer depositing ₹190.00 Crores with the lenders, though the sale deed registration is pending. The auditors' report noted that the company has not provided interest on bank loans classified as NPA, amounting to ₹3780.72 Lacs for the quarter and ₹83514.80 Lacs historically. They also noted unprovided interest on a revoked corporate guarantee and emphasized that the company continues to be a going concern based on the OTS. A Show Cause Notice has been issued by SEBI to the directors and the company, for which a settlement application has been filed.
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Kohinoor Foods Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Kohinoor Foods Limited. Read the original for the full detail.