Board Meeting Outcome for the Audited Financial result For The Quarter And Year Ended March 31, 2026.
Awaiting price reaction for this filing.
Nutricircle Ltd reported total income of Rs.1,77,661 Lakhs for FY2026, a significant increase from Rs.27,104 Lakhs in FY2025. Profit after tax grew to Rs.29.94 Lakhs from Rs.12.09 Lakhs in the prior year. However, the auditors issued a qualified opinion due to an unsecured loan of Rs.50 Lakhs from Mr. K. Veersham where the company failed to provide balance confirmation or alternative evidence, limiting audit scope. The company also appointed M/s Manas Dash & Co. as internal auditor for FY2026-27. Cash flow from operations remained negative at Rs.243.69 Lakhs, while total equity stood at Rs.692.25 Lakhs against negative reserves of Rs.417.75 Lakhs.
The qualified audit opinion signals internal control weaknesses and raises concerns about transparency in related party transactions. Negative operating cash flow indicates the company is not generating sufficient cash from operations despite reporting profits. Shareholders should monitor the unresolved loan documentation issue and the company's ability to improve cash generation.