Board of Directors of the Company in its meeting held on 30th May, 2026 at the registered office of the company which commenced at 08.00 P.M. have considered, approved and took on records ....
Awaiting price reaction for this filing.
The company (now renamed Naturo Agrotech India Limited) announced audited results for FY26 showing revenue collapsed to virtually zero (₹1) from ₹2.05 crore in the previous year, indicating operations have effectively ceased. Net loss for the year narrowed to ₹82.07 lakhs from ₹1.30 crore in FY25, but the company remains unprofitable. Cash position is critically low at just ₹59,225. The auditor issued a qualified opinion flagging multiple serious issues: ₹54.58 crore in loans and advances given without shareholder approval in violation of Companies Act sections 185/186, ₹8.04 crore in borrowings contravening sections 73-76, no physical verification of inventory, missing compliance documents for related party transactions, and no confirmations from debtors for ₹14.84 crore in trade receivables. The accounting software (Tally) also lacks an edit log/audit trail feature.
This is a deeply negative filing. Effectively zero revenue suggests the business is non-operational, while the qualified audit opinion, multiple Companies Act violations, critically low cash balance, and outstanding statutory dues raise serious red flags about viability and corporate governance. Shareholders face significant risk of further value erosion and potential regulatory action against the company.