Newtrac Foods & Beverages Limited disclosed a disclaimer of opinion in its audit report for the financial year ended March 31, 2026, due to the unavailability of necessary records. The company's Board reviewed and approved the Statement on Impact of Audit Qualifications on May 30, 2026, confirming that the statutory auditor, NKSC & Co, could not verify the state of affairs, loss, or cash flows for the period. This disclosure highlights significant gaps in financial documentation required for the audit process.

The audit qualification arose because the management did not provide loan agreements, trade receivables and payables confirmations, or invoices and supporting vouchers for sales and purchases. Consequently, the auditor was unable to confirm or verify the financial position by alternative means. The company stated that the management is currently looking into the matter. The financial figures for FY26 remained unchanged despite the qualification, with a reported net loss of ₹636.96 lakh and earnings per share of -₹3.22.

Financial Performance for FY26

The company reported a total income of ₹1725.73 lakh and a total expenditure of ₹2362.69 lakh for the financial year ended March 31, 2026. The audit qualification did not result in adjustments to the reported figures, as the impact could not be quantified by the auditor or estimated by the management.

Auditor and Governance Details

The audit report was issued by NKSC & Co, the statutory auditor for the term. The statement was signed by Managing Director Mr. Bhavin Yogesh Shukla, CFO Mr. Harish Sharma, Audit Committee Chairman Mr. Drumil Ashok Gandhi, and Statutory Auditor Mr. Priyank Goyal. The company confirmed that the Audit Committee and the Board of Directors reviewed the statement on May 30, 2026, in compliance with SEBI LODR Regulations.

Newtrac Foods & Beverages Limited reported a net loss of ₹15.25 crore for the financial year ended March 31, 2026, alongside a disclosure that its statutory auditor issued a disclaimer of opinion. The auditor, NKSC & Co., stated that the management failed to make available necessary records and supporting documents required to conduct the audit. This lack of documentation prevented the auditor from confirming or verifying the company's state of affairs, including its loss and cash flows for the period.

The company submitted the Statement on Impact of Audit Qualifications to the BSE in compliance with SEBI LODR Regulation 33(3)(d). The statement detailed that the audit qualification appeared for the first time in the current financial year. Management attributed the issue to ongoing concerns regarding the availability of records but did not provide a quantified impact or specific reasons for the inability to estimate the financial effect.

The financial figures for the standalone and consolidated results remained unchanged despite the qualification. The company reported a total income of ₹8.26 crore and a total expenditure of ₹23.51 crore. Earnings per share (EPS) stood at -0.08, while total assets and total liabilities were both recorded at ₹1991.24 crore. The net worth of the company was reported at ₹1958.57 crore.

The Audit Committee and the Board of Directors reviewed and approved the statement on the impact of audit qualifications during their respective meetings held on May 30, 2026. The signatories to the statement included Managing Director Bhavin Yogesh Shukla, CFO Harish Sharma, Audit Committee Chairman Drumil Ashok Gandhi, and Statutory Auditor Priyank Goyal.

Financial Summary for FY26