Pursuant to Regulation 30 & 33 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors of Nutraplus India Limited at it''s meeting held today. i.e., March 6, ....
Awaiting price reaction for this filing.
Nutraplus India Ltd's board, at its meeting on March 6, 2025, approved unaudited financial results for the quarter ended December 31, 2024. The company reported zero revenue from operations, with only Rs 0.10 crore of other income, indicating the business is essentially non-operational. It posted a net loss of Rs 2.01 crore for Q3 FY25, an improvement from the Rs 2.71 crore loss in Q3 FY24. The 9-month FY25 loss also narrowed to Rs 2.87 crore from Rs 4.09 crore a year earlier, largely due to lower other expenditure. Employee costs rose to Rs 0.60 crore from Rs 0.48 crore. The statutory auditor, Raman S. Shah & Associates, issued a Qualified Limited Review Report citing that the company failed to submit quarterly results and review data within SEBI-prescribed timelines, significantly impairing the review process.
This is a serious red flag for shareholders — the company has no operating revenue, continues to post losses, and has now received a qualified audit opinion for non-compliance with SEBI listing rules and delayed disclosures, which could attract regulatory scrutiny and damage investor confidence.