ENCLSOED HEREWITH APPPONTMENT OF SECRETARIAL AUDITOR DISCLOSURE
Awaiting price reaction for this filing.
Nutricircle Limited's board, meeting on May 26, 2025, approved the audited financial results for Q4 and FY ending March 31, 2025. Revenue from operations fell slightly to ₹270.48 lakhs (FY24: ₹283.65 lakhs), but the company swung to a profit of ₹12.09 lakhs versus a loss of ₹125.23 lakhs last year. Q4 alone delivered a profit of ₹78.23 lakhs. The board appointed Mrs. Mayuri Jain (Jain Mayuri & Associates) as Secretarial Auditor for 5 years (FY26–FY30) and Mr. Manas Dash as Internal Auditor for FY26. The statutory auditor (NSVR & Associates) issued a qualified opinion, flagging a ₹50 lakh unsecured loan from Mr. K. Veersham for which no balance confirmation was provided. Separately, the company issued 97.28 lakh equity shares at ₹10 each (₹9.73 crore) and 11 lakh share warrants via a preferential allotment in December 2024.
A return to profitability after heavy losses is a positive signal, though the qualified auditor opinion over an unverified ₹50 lakh loan raises a minor governance flag. The new auditor appointments are routine and unlikely to move the stock. Shareholders should note the fresh equity issuance has significantly diluted earlier EPS figures.