Notice of 35th Annual General Meeting and Annual Report for F.Y. 2024-25 pursuant to regulation 34 of SEBI (LODR), Regulations, 2015 as amended.
Awaiting price reaction for this filing.
Nutraplus India Limited has filed its 35th AGM notice and Annual Report for FY 2024-25, with the AGM scheduled for September 30, 2025 in Mumbai. The company reported nil revenue from operations for the third consecutive year, with a loss of Rs. 5.00 lakh (slightly improved from Rs. 6.16 lakh loss in FY 2023-24). Critical issues persist: the company has been classified as a Non-Performing Asset (NPA) by Saraswat Co-operative Bank since February 2020 over a default of Rs. 76.24 crores, with assets already handed over to the bank. Accumulated losses of Rs. 62.57 crores have completely wiped out the company's net worth, and the auditor has flagged a 'material uncertainty' on going concern status. No dividend was declared, no transfers were made to reserves, and BSE trading in the stock remains suspended since February 12, 2021 due to SEBI compliance failures.
This is a deeply negative filing for shareholders — the company is effectively non-operational with fully eroded net worth, unresolved bank defaults, suspended trading, multiple auditor qualifications, missing key positions (no Company Secretary, no Women Director), and an explicit going concern doubt. Stock remains illiquid and unsuitable for retail investors without a confirmed revival plan or fresh equity infusion.