ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 26/05/2025
Awaiting price reaction for this filing.
Nutricircle Limited's board, meeting on May 26, 2025, approved audited financial results for Q4 and FY ended March 31, 2025. The company swung to a profit of ₹12.09 lakhs in FY25 from a loss of ₹125.23 lakhs in FY24, driven mainly by lower other expenses. However, full-year revenue from operations fell slightly to ₹270.48 lakhs from ₹283.65 lakhs, and operating cash flow was deeply negative at ₹(386.84) lakhs. The board also appointed Mrs. Mayuri Jain as Secretarial Auditor for five years (FY26–FY30) and Mr. Manas Dash as Internal Auditor for FY26. Separately, the statutory auditor (NSVR & Associates LLP) issued a qualified opinion due to inability to verify an outstanding unsecured loan of ₹50 lakhs from Mr. K. Veersham, for which no balance confirmation or supporting documents were provided. The company also raised ₹9.73 crores in December 2024 via a preferential share issue.
The headline turnaround to profit is positive but should be read with caution: revenue actually declined, operating cash flow is sharply negative, and the auditor has qualified the opinion over an unverified ₹50 lakh loan. Investors may want to watch for further clarity on the loan and cash generation before drawing strong conclusions about the stock.