Markobenz Ventures Limited, now known as Newtrac Foods & Beverages Limited, has announced significant changes in its leadership and released its financial results for the first quarter ended June 30, 2025.

CEO Removal

The company's Board of Directors has made the decision to remove Mr. Vishal Kelkar from his position as Chief Executive Officer (CEO) with immediate effect. This move comes as a result of the non-fulfillment of project terms and conditions related to the Holkar Project, which Mr. Kelkar was specifically appointed to oversee. The project has not progressed as anticipated, leading to the termination of his appointment.

Q1 Financial Performance

Newtrac Foods & Beverages has reported its unaudited financial results for the quarter ended June 30, 2025, revealing a mixed financial picture:

The company experienced a decline in its financial performance compared to the same quarter last year:

• Revenue from operations decreased by 11.25% to ₹1,337.24 lacs from ₹1,506.68 lacs in Q1 2024.
• Total income, including other income of ₹27.31 lacs, stood at ₹1,364.55 lacs, down 9.43% year-over-year.
• Net profit saw a significant drop of 60.98%, falling to ₹23.57 lacs from ₹60.40 lacs in the corresponding quarter of the previous year.
• Basic earnings per share (EPS) decreased to ₹0.12 from ₹0.31, reflecting the reduced profitability.

Other Financial Highlights

• The company's paid-up equity share capital remains unchanged at ₹1,920.00 lacs, with a face value of ₹10 per share.
• Purchases of stock-in-trade amounted to ₹1,313.09 lacs, compared to ₹1,423.04 lacs in Q1 2024.
• Other expenses decreased to ₹15.14 lacs from ₹22.69 lacs in the same quarter last year.

Board Meeting and Auditor's Review

The Board of Directors approved these unaudited financial results in a meeting held on July 28, 2025. The meeting commenced at 6:00 PM and concluded at 7:00 PM.

NKSC & Co., Chartered Accountants, conducted a limited review of the financial results. The auditors noted no qualifications in their report but highlighted two matters of emphasis:

1. The company has not obtained a Tax Deduction and Collection Account Number (TAN).
2. A Company Secretary has not been appointed as of the date of approval of the financial statements.

The auditors stated that these matters do not modify their opinion on the financial results.

As Newtrac Foods & Beverages Limited navigates through these changes in leadership and financial performance, stakeholders will be watching closely to see how the company addresses the challenges in its project execution and aims to improve its financial metrics in the coming quarters.

Markobenz Ventures (now known as Newtrac Foods & Beverages Limited) has reported a significant decline in its financial performance for the first quarter. The company's net profit fell by 60% year-over-year, while revenue also saw a notable decrease.

Financial Performance

According to the company's latest financial results:

Markobenz Ventures reported a net profit of ₹23.57 lakh in Q1, down from ₹60.40 lakh in the same period last year, representing a 60.98% year-over-year decline. The company's revenue from operations decreased to ₹1,337.24 lakh compared to ₹1,506.68 lakh in the previous year's Q1, marking an 11.25% drop in top-line performance.

The total income, including other income of ₹27.31 lakh, stood at ₹1,364.55 lakh, representing a 9.43% decrease from the previous year.

The earnings per share (EPS) for the quarter decreased to ₹0.12, compared to ₹0.31 in the same period last year.

Management Changes

In a significant development, the company's Board of Directors has decided to remove Mr. Vishal Kelkar from his position as Chief Executive Officer (CEO) with immediate effect. Mr. Kelkar was originally appointed to oversee the Holkar Project. However, due to the project not progressing as anticipated and non-fulfillment of its terms and conditions, the company has opted to terminate his appointment.

Other Notable Points

• The company's name has been changed from Markobenz Ventures Ltd to Newtrac Foods & Beverages Limited.
• The Board Meeting to approve these results was held on July 28, 2025, from 6:00 PM to 7:00 PM.
• Mr. Bhavin Yogesh Shukla continues to serve as the Managing Director of the company.

The financial results were subject to a limited review by the company's statutory auditors, NKSC & Co., who did not express any qualifications in their report. However, they did emphasize two matters:

1. The company has not obtained a Tax Deduction and Collection Account Number (TAN).
2. As of the date of approval of the financial statements, the company had not appointed a Company Secretary.

These results reflect the challenges faced by Newtrac Foods & Beverages Limited in the current business environment, with both top-line and bottom-line figures showing significant declines compared to the previous year.