Naturo Agrotech India Limited reported a widened net loss of ₹8.21 crore for the financial year ended March 31, 2026, compared to a net loss of ₹1.30 crore in the previous year. Revenue from operations fell to zero from ₹2.05 crore in FY25. The company’s total expenses stood at ₹82.07 lakh, driven by employee benefit expenses and finance costs. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The company published the audited financial results in newspapers on June 08, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Raises Governance Concerns

H. Rajen & Co., the statutory auditor, issued a qualified opinion on the financial results. The report highlighted that the company repaid loans and advances of ₹108.52 lakh during the period, with total loans and advances standing at ₹5,458.07 lakh as of March 31, 2026. These transactions were identified as contraventions of Sections 185 and 186 of the Companies Act, 2013, due to the absence of necessary resolutions and shareholder approvals. The auditor stated that the impact on profit and loss could not be ascertained.

Additionally, the company accepted borrowings totaling ₹804.42 lakh and repaid ₹113.11 lakh from various parties, which were found to be in contravention of Sections 73 to 76 of the Companies Act, 2013. The auditor noted the absence of counter-party ledger confirmations for these borrowings.

Emphasis of Matter and Key Risks

The auditor drew attention to several material concerns, including an outstanding income tax provision of ₹127.86 lakh where tax payments were made but corresponding entries were not recorded in the books. Outstanding Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) dues amounted to ₹10.89 lakh. The report also highlighted uncertainty regarding the recoverability of trade receivables, which stood at ₹1,484.49 lakh, due to the lack of direct confirmations from debtors.

Inventory valuation was another area of concern, with the auditor unable to comment on the existence and fair valuation of stock valued at ₹1,065.09 lakh due to the absence of a physical verification report. The company valued inventory only at cost, which was noted as non-compliant with Ind AS 2.

Financial Position and Cash Flows

The company’s total assets declined to ₹81.61 crore as of March 31, 2026, from ₹83.00 crore in the previous year. Shareholders' funds decreased to ₹36.24 crore from ₹37.06 crore. Cash and cash equivalents shrank significantly to ₹0.59 lakh from ₹9.29 lakh. The cash flow statement indicated a net decrease in cash and cash equivalents of ₹8.70 lakh during the year, primarily due to net cash used in financing activities of ₹47.75 lakh.

Naturo Agrotech India Limited has filed a declaration confirming that its promoters have not created or invoked any encumbrance on the equity shares held by them during the financial year ended March 31, 2026. The disclosure was submitted to the Bombay Stock Exchange in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration was made by Jyoti Choudhary, a promoter of the company, on behalf of the promoters and promoter group, including persons acting in concert. The filing confirms that no encumbrance was created or invoked, directly or indirectly, on the company's equity shares held by the promoters during the specified financial year.

Promoter Details

The disclosure identified the key individuals involved in the promoter group. The list of promoters and persons acting in concert was provided as part of the regulatory filing.

The company, formerly known as Naturo Indiabull Limited, is registered in Jaipur, Rajasthan. The declaration was digitally signed by Jyoti Choudhary on May 23, 2026, and addressed to the Manager of the Department of Corporate Affairs at the Bombay Stock Exchange.