Key Event Details

  • 39th Annual General Meeting: To be held on Thursday, 24th September, 2026 through Video Conference or Other Audio Visual Means (OAVM)
  • Record Date for AGM: Register of Members and Share Transfer Books will remain closed from Friday, September 18, 2026 to Thursday, September 24, 2026 (both days inclusive)
  • E-voting Period: Commences Monday, September 21, 2026 (9:00 am IST) and ends Wednesday, September 23, 2026 (5:00 pm IST)

Board of Directors & Key Managerial Personnel (as of March 31, 2026)

Managing Director: Mr. Bhavin Yogesh Shukla

Executive Director: Mr. Mahendra Kumar Jagdeesh Patel

Chief Financial Officer: Mr. Harish Sharma

Non-Executive Independent Directors:

  • Mr. Drumil Ashok Gandhi (Resigned 30th July, 2026)
  • Mr. Dinesh Chander Notiyal
  • Mr. Jetharam Karwasra (Resigned 24th February, 2026)
  • Ms. Sarla Manoj Kakaiya (Appointed 29th July, 2024)
  • Mr. Rakesh Kumar Pandey

New Appointments during FY26:

  • Mr. Gurunath Jairam Gurav (Independent Director, appointed 25th August, 2026)
  • Mr. Rathindranath Bishnupada Ghosh (Independent Director, appointed 25th August, 2026)
  • Ms. Nishi Jayantilal Jain (Whole Time Company Secretary, appointed 05th August, 2026)

Statutory Auditors

  • Resigned: M/s. NKSC & Co, Chartered Accountants (Resigned on 30th May, 2026)
  • Appointed: M/s. Sarang Shivajirao Chavan and Associates (Appointed on 01st June, 2026)

Secretarial Auditors

CS Ramesh Chandra Bagdi, Practicing Company Secretaries

AGM Business Items

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026

2. To reappoint Mr. Mahendra Kumar Jagdeesh Patel (DIN: 10782956) who retires by rotation

Special Business:

3. To appoint M/s Sarang Shivajirao Chavan & Associates Chartered Accountants (FRN: 159649W) as Statutory Auditors to fill casual vacancy

4. Regularization of Mr. Gurunath Jairam Gurav (DIN: 11878094) as Independent Director

5. Regularization of Mr. Rathindranath Bishnupada Ghosh (DIN: 08158972) as Independent Director

Financial Performance Summary (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from Operations | 1,632.01 | 6,407.78 |

| Total Income | 1,725.73 | 6,407.78 |

| Total Expenses | 2,362.69 | 6,155.50 |

| Profit/(Loss) before tax | (636.96) | 252.28 |

| Tax expense | (0.01) | 72.56 |

| Net Profit/(Loss) after tax | (636.95) | 179.72 |

| Earnings Per Share (Basic & Diluted) | (3.32) | 1.01 |

Capital Structure

  • Authorized Share Capital: ₹75,00,00,000 divided into 7,50,00,000 Equity Shares of ₹10 each
  • Paid-up Equity Share Capital: ₹19,20,00,000 divided into 1,92,00,000 Equity Shares of ₹10 each, fully paid-up
  • Shares in Demat Form: 1,81,25,630 shares (94.40% of paid-up capital) as on March 31, 2026

Dividend

No dividend recommended for FY 2025-26 due to absence of business activities

Key Corporate Developments

  • Change of Registered Office: From Office No. 144, 14th Floor, Atlanta Building, Nariman Point, Mumbai to Office G-2 & G-3, Samarpan Complex, Chakala, Sahar, Mumbai, Maharashtra, 400099
  • Increase in Authorized Capital: From ₹55 crores to ₹75 crores approved at AGM held on June 26, 2025
  • Rights Issue: Issued 1,44,00,000 Fully Paid-up Equity Shares of ₹10 each aggregating to ₹14,40,00,000 during previous year

Auditor's Report Qualifications

Statutory Auditor issued Disclaimer of Opinion stating:

"Management has not made available books of account, records and supporting documents necessary for conducting our audit such as bank statements, loan agreements, trade receivables and trade payables confirmations and invoices"

Secretarial Audit Observations

1. Delay in submission of Shareholding Pattern for quarter ended December 31, 2025

2. Delay in submission of financial results within prescribed period

3. Failure to file Form SH-7 for increased authorized capital within prescribed period

4. Failure to appoint Whole Time Company Secretary as required

5. Technical issues in uploading Form DIR-12 for director appointment

Compliance Status

  • Corporate Governance: Provisions became applicable during FY25-26 due to increased paid-up capital
  • CSR: Not applicable as company doesn't meet net worth/turnover thresholds
  • Deposits: No deposits accepted within meaning of Section 73 of Companies Act, 2013

Related Party Transactions

No transactions with related parties during the year under review

Internal Financial Controls

Auditor unable to express opinion on adequacy of internal financial controls due to lack of established framework

Going Concern

Auditor unable to comment on company's ability to continue as going concern due to insufficient appropriate audit evidence

Registrars & Share Transfer Agents

MUFG Intime India Private Limited, C-101, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai, Maharashtra, 400083

Bankers

HDFC Bank Limited, ICICI Bank Limited, AXIS Bank Limited, KARURVYSYABANK

#Tags: #NewtracFoods #AGM2026 #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral