PFA pdf
Awaiting price reaction for this filing.
Nutraplus India Ltd has filed highly delayed Q3 FY2020-21 results (quarter ended December 31, 2020) on September 28, 2024, approximately 3 years and 9 months late. The auditor issued a Qualified Limited Review Report citing the company's failure to comply with listing requirements under the Companies Act 2013 and SEBI LODR, including late submission of financial data. Revenue from operations crashed to Rs. 3.28 lakh from Rs. 2,188.28 lakh in the same quarter prior year. Critically, Note 5 discloses that the company lost all its property, plant and equipment under SARFAESI Act 2002 after being declared a Non-Performing Asset in FY 2019-20, and states 'The Company Going Concern concept is completely vitiated and there is no hopes for the Company for any restructuring plan.'
This is an extremely negative development. The company has lost all its operational assets, is classified as an NPA, and the auditor has raised serious concerns about the company's ability to continue as a going concern. The significant delay in filing also indicates poor governance and regulatory non-compliance.