Kohinoor Foods Settles ₹227.45 Crore Debt with Lenders
Kohinoor Foods Limited has paid ₹227.45 crore to its consortium lenders as a one-time settlement, including delayed interest. The company has requested the release of all securities and issuance of NOCs. This follows previous communications regarding the settlement.
The settlement of a substantial debt amount of ₹227.45 crore is a material event that will significantly impact the company's financial structure, reduce its liabilities, and potentially improve its credit profile.
The company has settled its entire outstanding debt with consortium lenders, which is a significant positive development for its financial health and operational flexibility.
Kohinoor Foods Limited has announced the successful payment of its entire outstanding amount of ₹227.45 crore to its consortium lenders. This payment includes delayed period interest calculated at MCLR (1 Yr) + 2% effective from October 1, 2024. The company has requested the consortium lenders to release all securities charged to the banks and issue No Dues/No Objection Certificates (NOCs) in favor of Kohinoor Foods Limited.
This announcement is a continuation of previous communications dated December 23, 2024, February 14, 2025, March 31, 2025, and April 22, 2025, regarding the one-time settlement. The company has formally requested the relevant authorities to record this information.
What to do with a filing like this
Kohinoor Foods Limited filed this with the NSE as a statutory disclosure, categorised under one-time settlement with banks. 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.