Pursuant to Regulation 30 & 33 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors of company at it''s meeting held on 27 November, 2024.has approved the ....
Awaiting price reaction for this filing.
Nutraplus India Ltd reported Q1 FY25 results (quarter ended June 30, 2024) with zero revenue from operations and a net loss of Rs 0.39 lakh. The company has no operating business after losing ALL its Property, Plant and Equipment under the SARFAESI Act, 2002 in FY 2019-20 when it was declared a Non-Performing Asset. The statutory auditors issued a Qualified Limited Review Report, citing non-compliance with listing requirements and inability to perform a comprehensive review due to delayed and incomplete financial data submission. The auditors also included an Emphasis of Matter paragraph highlighting the asset loss and COVID-19-related delays in auction procedures. The results were filed with a significant delay attributable to these extraordinary circumstances.
The company is essentially a shell with no assets or revenue, having lost all its PPE under SARFAESI. The qualified auditor opinion and going concern issues make this an extremely high-risk investment with no operational business visible. Shareholders should be cautious as the company may be heading towards winding up or significant restructuring.