Enclosed herewith Disclosure relating to Appointment of Internal Auditor For FY 2026-27
Awaiting price reaction for this filing.
Nutricircle Ltd's Board approved the audited financial results for Q4 and the full year ended March 31, 2026. Revenue from operations surged to Rs. 17,750.5 lakhs from Rs. 2,704.8 lakhs in the prior year, driven by exceptional growth. Profit after tax nearly doubled to Rs. 29.94 lakhs from Rs. 12.09 lakhs. The statutory auditor, NSVR & Associates LLP, issued a qualified opinion citing an inability to verify an unsecured loan of Rs. 50 lakhs outstanding from Mr. K. Veersham due to missing balance confirmations. Separately, the company appointed M/s Manas Dash & Co. as Internal Auditor for FY 2026-27. Share capital increased to Rs. 1,110 lakhs following conversion of 11 lakh share warrants into equity shares.
The qualified auditor opinion is a concern as it signals unverified related-party loans, though the massive revenue growth and doubled PAT are positives. Shareholders should monitor the Rs. 50 lakh outstanding loan and the company's ability to resolve the audit qualification.