Outcome of Board Meeting Held on 28th July, 2025 for Unaudited Financial Result for the quarter ended 30th June, 2025
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The Board of Newtrac Foods & Beverages Ltd approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹1,337.24 lacs, down from ₹1,506.68 lacs in the same quarter last year — a decline of about 11%. Profit after tax fell sharply to ₹23.57 lacs from ₹60.40 lacs, with EPS at ₹0.12 versus ₹0.31 earlier. The Board also removed Mr. Vishal Kelkar as CEO with immediate effect, citing non-fulfillment of project terms for the Holkar Project which did not progress as expected. The auditor (NKSC & Co.) issued an unqualified review report but flagged two emphasis-of-matter items — non-obtaining of TAN and non-appointment of a Company Secretary as on the approval date.
Shareholders may view this negatively given the double-digit revenue decline, sharp PAT drop of over 60%, and the removal of the CEO linked to a stalled project. Compliance gaps flagged by the auditor (missing Company Secretary, TAN) add to governance concerns. Stock could see pressure until clarity emerges on the Holkar Project's future and revenue recovery.