Financial Results Overview

Income Statement (INR in Lakhs):

  • Quarter Ended 31.03.2026: Total income ₹6.10 lakhs (entirely from other income), expenses ₹1.64 lakhs, net profit ₹4.46 lakhs
  • Year Ended 31.03.2026: Total income ₹15.77 lakhs (entirely from other income), expenses ₹49.78 lakhs, net loss ₹34.01 lakhs
  • Comparative Year Ended 31.03.2025: Total income ₹0.00, expenses ₹5.01 lakhs, net loss ₹5.01 lakhs

Key Financial Metrics:

  • Earnings per share (EPS) for FY26: -₹0.02 (basic and diluted)
  • Paid-up equity share capital: ₹1704.55 lakhs (face value ₹5 per share)
  • Other equity: -₹2273.57 lakhs as at 31.03.2026
  • Net worth: -₹569.02 lakhs as at 31.03.2026

Balance Sheet Position (as at 31.03.2026)

Assets (INR in Lakhs):

  • Total assets: ₹499.53 lakhs
  • Non-current assets: ₹0.02 lakhs (investments)
  • Current assets: ₹499.51 lakhs comprising:
  • Inventories: ₹15.00 lakhs
  • Trade receivables: ₹33.54 lakhs
  • Cash and cash equivalents: ₹1.48 lakhs
  • Bank balances: ₹4.70 lakhs
  • Loans: ₹51.24 lakhs
  • Other financial assets: ₹4.13 lakhs
  • Other current assets: ₹389.42 lakhs

Liabilities (INR in Lakhs):

  • Total liabilities: ₹1068.55 lakhs
  • Non-current liabilities: ₹217.42 lakhs (borrowings)
  • Current liabilities: ₹851.13 lakhs comprising:
  • Trade payables: ₹847.37 lakhs
  • Other current liabilities: ₹0.80 lakhs
  • Provisions: ₹2.96 lakhs

Cash Flow Statement

Year Ended 31.03.2026 (INR in Lakhs):

  • Net cash used in operating activities: -₹39.50 lakhs
  • Net cash from financing activities: ₹38.88 lakhs (proceeds from borrowings)
  • Net decrease in cash and cash equivalents: -₹0.62 lakhs
  • Cash and cash equivalents at year-end: ₹6.18 lakhs

Audit Qualifications and Material Uncertainties

Auditors Raman S. Shah & Associates issued a qualified opinion with the following basis:

1. SARFAESI Action: Saraswat Co-operative Bank issued notice dated 18 February 2020 under Section 13(2) of SARFAESI Act 2002 for non-payment, making all loan accounts NPA

2. Consolidation Issue: Company holds 33.58% in Techno Point Mercantile Private Limited but hasn't prepared consolidated financial statements considering it as associate

3. Trade Receivables: ₹33.54 lakhs - unable to comment on recoverability due to absence of balance confirmations and supporting evidence

4. Other Current Assets: ₹389.42 lakhs - unable to comment on recoverability due to absence of confirmations, reconciliation and supporting evidence

5. Non-Current Borrowings: ₹217.42 lakhs - unable to comment on completeness and accuracy due to absence of confirmations and supporting evidence

6. Trade Payables: ₹847.37 lakhs - unable to comment on completeness and correctness due to absence of third-party confirmations and reconciliations

Material Uncertainty Related to Going Concern

Auditors highlighted multiple factors casting significant doubt on going concern:

  • Net loss of ₹34.01 lakhs during FY26 with complete erosion of net worth
  • Negative net worth of ₹569.02 lakhs as at 31.03.2026
  • Loss of all Property, Plant and Equipment under SARFAESI proceedings
  • Discontinuation of substantially all business activities
  • Loss of key employees in finance, accounts, legal, production and marketing functions
  • Default in repayment obligations to banks and creditors

Management Explanation

Company provided the following explanations in Note 5:

  • Operations fall under single segment: Active Pharmaceutical Ingredient (API)
  • Lost all property, plants & equipment under SARFAESI Act 2002 after being declared NPA in FY 2019-20
  • Bank auction procedures were delayed due to COVID-19 but eventually succeeded
  • Going concern concept "completely vitiated" with no hope for any restructuring plan
  • Lost all key employees across finance, accounts, legal, production, marketing functions
  • Accounts prepared on available information with all ledger accounts without confirmation

Additional Information

  • Results available on company website (www.nutraplusindia.com) and BSE website
  • Repetitive qualifications since FY 2019-20
  • Management unable to estimate impact of audit qualifications

#Tags: #NutraplusIndia #FY2026Results #SARFAESI #AuditQualification #GoingConcern #NegativeNetWorth #RegulatoryFiling #SEBIDisclosure