Newtrac Foods & Beverages Limited reported a net loss of ₹636.95 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹179.72 lakh recorded in the previous year. Revenue from operations for the year stood at ₹1,632.01 lakh, down from ₹6,407.78 lakh in FY25. The company’s total assets decreased to ₹1,834.66 lakh as of March 31, 2026, from ₹2,740.41 lakh a year earlier.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The meeting also addressed the resignation of the statutory auditor, NKSC & Co., and the subsequent appointment of M/s Sarang Shivajirao Chavan and Associates as the new statutory auditor effective June 1, 2026. The outgoing auditor cited an inability to obtain sufficient appropriate audit evidence as the reason for the disclaimer of opinion on the financial statements.

The company’s financial statements revealed that the management had not made available necessary records and supporting documents, including loan agreements and trade confirmations, required for the audit. Consequently, the auditors were unable to verify the state of affairs, loss, and cash flows for the year. The notes to the accounts also highlighted that the company did not have a Company Secretary as of the date of approval, a non-compliance under Section 203 of the Companies Act, 2013, though it was not expected to have a material impact on the results.

Financial Performance

The table below summarizes the key financial metrics for the year ended March 31, 2026, compared to the previous year:

Auditor Changes and Compliance

The resignation of NKSC & Co. was effective immediately, with the firm’s term originally scheduled to expire at the conclusion of the company’s 42nd Annual General Meeting in 2029. The new auditor, M/s Sarang Shivajirao Chavan and Associates, brings experience in audit and assurance services, taxation consultancy, and financial reporting. The firm is headquartered in Ahmedabad and holds Firm Registration No. 159649W.

The notes to the financial results also mentioned a delay in re-applying for the Tax Deduction and Collection Account Number (TAN) following the resignation of the managing director in FY25. The company submitted the TAN application in the current financial year. Additionally, the statement of cash flows showed a net decrease in cash and cash equivalents of ₹94.95 lakh during the year, with closing balances at ₹0.58 lakh.

Newtrac Foods & Beverages Limited has announced that its board meeting will convene on May 30, 2026. The meeting is being held pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary focus of the board will be to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026. This disclosure is intended to inform the stock exchanges and shareholders about the upcoming financial performance review.

Agenda for the Meeting

The board has outlined specific business items to be transacted during the session. The key points include the approval of the financial statements and any other matters that may arise with the permission of the Chairperson.

The company has requested the Listing Department of BSE Limited to take the intimation of this meeting on record and acknowledge the receipt of the same. The registered office of Newtrac Foods & Beverages Limited is located in Mumbai, and the scrip is traded under the code 514060.