Novateor Research Laboratories has expanded its product portfolio with the launch of SmiloShine Herbafresh Toothpaste in a 6 grams sachet format on June 15, 2026. The new product, formulated with 8 herbs, is designed to target the hotel and travel segment as part of the company's forward integration strategy to strengthen its presence in the domestic and international FMCG market.

The introduction of the sachet packaging is intended to enhance accessibility for consumers in the travel and hospitality sectors. This move aligns with the company's objective to broaden its market reach within the oral care category.

Product Details

The filing provided the following specifications regarding the new product launch:

The disclosure was made to BSE Limited in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Novateor Research Laboratories reported a net profit of ₹10.12 lakh for the financial year ended March 31, 2026, on a total income of ₹431.62 lakh. The company's board approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 30, 2026. However, the statutory auditor, H K Shah & Co., issued a qualified opinion, citing deviations from several accounting standards including inventory valuation, revenue recognition, and employee benefits.

The auditors noted that AS-2 (Valuation of Inventories) was not followed as the technical valuation claimed by the company was not quantifiable. Additionally, AS-9 (Revenue Recognition) was not adhered to, as interest income of ₹48.39 lakhs remains unrealized and under legal dispute, alongside ₹142.86 lakhs receivable from the previous year. The report also highlighted non-compliance with AS-15 (Employee Benefits) due to the absence of a provision for gratuity and AS-17 (Segment Reporting) as the company did not identify or report segment information.

For the year ended March 31, 2026, revenue from operations rose to ₹382.75 lakh from ₹277.73 lakh in the previous year. Total expenses increased to ₹420.27 lakh from ₹313.99 lakh. The company reported a basic earnings per share (EPS) of ₹0.17 for FY26, compared to ₹0.17 in the previous year. The half-year ended March 31, 2026, recorded a profit of ₹11.70 lakh, while the corresponding period in the previous year reported a profit of ₹4.86 lakh.

Financial Results for FY26

The auditors also drew attention to a revaluation of long-lease land at its fair market value of ₹100 lakhs, with a corresponding revaluation reserve of ₹30.15 lakhs. Furthermore, GST turnover aggregating to ₹9.83 lakhs is under reconciliation with the books of account. The trading window for dealing in the company's securities, which closed on April 01, 2026, will reopen 48 hours after the announcement of the audited financial results.