ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 06/08/2025
Awaiting price reaction for this filing.
Nutricircle Ltd's board, meeting on August 6, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report from auditor NSVR & Associates, which was clean with no qualifications. Revenue from operations stood at ₹219.17 lakhs, down about 19% from ₹270.48 lakhs in Q1 FY25. Despite the revenue dip, the company swung to a profit after tax of ₹3.14 lakhs compared to a loss of ₹37.46 lakhs in the same quarter last year, mainly due to sharply lower total expenses. The board also approved the 32nd AGM notice for September 29, 2025, fixed the book closure period from September 23 to 29, 2025, and appointed Bigshare Services as RTA for e-voting and Mrs. Mayuri Jain as Scrutinizer.
The sharp YoY revenue decline is a red flag for a small-cap company, though the return to quarterly profitability offers some relief. Shareholders should note that reserves remain deeply negative at around ₹-420.19 lakhs, indicating accumulated losses still exceed share capital, which keeps the stock's risk profile elevated.