Nutricircle Limited paid a ₹35,400 fine for the delayed submission of its standalone statement of impact of audit qualification for the quarter and year ended March 31, 2025. The penalty was imposed by BSE on June 27, 2025, and the company settled the amount on July 5, 2025. This disclosure was made in the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, submitted to the stock exchange.

The report, issued by Practicing Company Secretary Mayuri Jain, confirms that Nutricircle Limited complied with the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992, and the Securities Contracts (Regulation) Act, 1956, during the review period. The audit examined compliance with key regulations including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The delay in filing the audit impact statement was attributed to an unintentional oversight. BSE raised a query via email dated June 27, 2025, regarding the late submission. The management stated that the delay was inadvertent and not willful. The company has been advised to ensure timely compliance in the future.

Compliance Status

The report detailed the company's adherence to various regulatory requirements. Nutricircle Limited confirmed that it maintains a functional website and has adopted all applicable policies under SEBI regulations with board approval. The company also conducted performance evaluations of the Board, Independent Directors, and Committees as prescribed.

Key Findings

The report noted that the company does not have any subsidiaries, making certain disclosures regarding material subsidiaries not applicable. There were no resignations of statutory auditors during the financial year. Additionally, no further actions were taken by SEBI or stock exchanges against the listed entity, its promoters, or directors beyond the specified SOP fine.

The Annual Secretarial Compliance Report was signed by Mayuri Jain, Membership No. A41413, on May 26, 2026. The report emphasizes that while the company has generally complied with regulations, the specific delay in filing the audit impact statement resulted in the financial penalty.

Nutricircle Limited reported a net profit of ₹29.94 lakh for the financial year ended March 31, 2026, an increase from ₹12.09 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹1,775.05 lakh, compared to ₹270.48 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹2.49 lakh on revenue from operations of ₹486.76 lakh. The board approved the audited financial results at a meeting held on May 26, 2026, at the registered office in Hyderabad.

Financial Performance

The total income for FY26 rose to ₹1,776.61 lakh from ₹271.04 lakh in the prior year. Total expenses for the year increased to ₹1,746.19 lakh. The company's earnings per share (EPS) for FY26 was ₹0.30, compared to ₹0.36 in the previous year. The paid-up equity share capital increased to ₹1,110 lakh from ₹1,000 lakh, following the conversion of 11,00,000 share warrants into equity shares on February 13, 2026, for a total consideration of ₹1,10,00,000.

Auditor's Report and Governance

M/s N S V R & Associates LLP, the statutory auditors, issued a qualified opinion on the financial results. The qualification arose because the company could not provide a balance confirmation or alternative evidence for an unsecured loan of ₹50 lakh outstanding from Mr. K. Veersham. Consequently, the auditors were unable to verify the completeness and accuracy of this loan balance. Additionally, the board appointed M/s Manas Dash & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27, effective May 26, 2026, to comply with the Companies Act, 2013 and SEBI regulations.

Asset Position

As of March 31, 2026, the company's total assets were valued at ₹822.78 lakh, up from ₹671.79 lakh in the previous year. Non-current assets increased to ₹7.53 lakh, while current assets stood at ₹815.25 lakh. Trade receivables rose significantly to ₹80.15 lakh from ₹17.90 lakh in FY25. Cash and cash equivalents decreased to ₹2.40 lakh from ₹138.80 lakh, primarily due to operating and investing activities.