Newtrac Foods & Beverages Limited has formally announced the resignation of Mr. Jetharam Karwasra from his position as Independent Director, effective February 24, 2026. The company communicated this development to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Karwasra cited increasing personal and professional commitments as the primary reason for his resignation, stating that these commitments require his dedicated attention and make it difficult to continue discharging directorship responsibilities with the level of focus and dedication that the role demands.

Regulatory Compliance

The resignation was formally communicated to BSE Limited under the company's scrip code 514060 and scrip ID NEWTRAC. The notification included all required details as per SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, ensuring full regulatory compliance.

Company Response

Newtrac Foods & Beverages Limited has placed on record its deep appreciation for the valuable contributions made by Mr. Jetharam Karwasra during his tenure as Independent Director. The announcement was signed by Managing Director Mr. Bhavin Yogesh Shukla, who holds DIN 10718852.

About the Company

Newtrac Foods & Beverages Limited, formerly known as Markobenz Ventures Limited, operates under CIN L46692MH1985PLC037652. The company is headquartered at G2 & G3 Samarpan Complex, Next to Mirador Hotel, Chakala, Andheri East, Mumbai 400069, and is listed on BSE with scrip code 514060.

Newtrac Foods & Beverages Limited (formerly known as Markobenz Ventures Limited) has announced its unaudited financial results for the quarter ended December 31, 2025, revealing significant operational and financial challenges. The company reported a net loss of ₹26.11 lacs for Q3FY26, marking a sharp decline from the profit of ₹15.22 lacs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance reflects a challenging operational environment with no revenue generation from core business activities.

Nine-Month Performance Analysis

The nine-month results for the period ended December 31, 2025, show mixed performance indicators compared to the exceptional results of the previous year.

Expense Structure and Cost Management

The company's expense profile shows significant reduction across major categories. Other expenses decreased from ₹8.82 lacs in Q3FY25 to ₹50.08 lacs in Q3FY26, while purchases of stock-in-trade dropped substantially from ₹513.27 lacs to zero. Employee benefit expenses remained relatively stable at ₹1.65 lacs compared to ₹2.58 lacs in the previous year.

Operational Challenges and Compliance Issues

The company faces several operational challenges that impact its business continuity. Following the resignation of the managing director in FY25, the company has been unable to reapply for a Tax Deduction and Collection Account Number (TAN) under its new name, though the application has been submitted for FY26. Additionally, the company currently operates without a Company Secretary as required under Section 203 of the Companies Act, with management actively working to fill this position.

Share Capital and Earnings Per Share

The company maintains a paid-up equity share capital of ₹1,920.00 lacs with a face value of ₹10 per share. Basic and diluted earnings per share for Q3FY26 stood at (₹0.14) compared to ₹0.08 in Q3FY25. For the nine-month period, EPS declined significantly from ₹45.37 in the previous year to (₹0.10) in the current period.

Auditor's Review and Board Approval

The unaudited financial results were reviewed by NKSC & Co., Chartered Accountants, and approved by the Board of Directors at their meeting held on February 12, 2026. The auditors issued an unqualified review report while drawing attention to the TAN application status and the absence of a Company Secretary, though these matters did not modify their opinion on the financial statements.