PFA pdf
Awaiting price reaction for this filing.
Nutraplus India Ltd submitted Q1 FY21-22 results (quarter ended June 30, 2021) on October 4, 2024 — over 3 years delayed. The company's auditor issued a Qualified Limited Review Report due to non-compliance with SEBI listing requirements and failure to provide timely financial data. Revenue from operations was negligible at Rs 5.38L; total income of Rs 61.17L includes Rs 55.79L other income. The company reported a net profit of Rs 58.57L this quarter (vs loss of Rs 127.90L in Q1 FY21), but the full year FY21 showed a massive net loss of Rs 2,366.45L. A critical Emphasis of Matter was raised: the company lost all its Property, Plant & Equipment under SARFAESI Act, 2002 after being declared a Non-Performing Asset in FY 2019-20. The company has only Rs 58.57L of net assets and minimal operations remaining.
The company is in severe financial distress with no operating assets and a qualified audit opinion. Shareholders face extreme risk as the company is essentially non-functional after losing all PPE to a bank. The delayed filing also indicates governance failures.