Nutricircle Limited has launched its Next-Generation Plant Proteins at Gulfood Dubai 2026, marking a significant milestone in the company's expansion into international markets. The launch took place on January 26, 2026, at the APEDA Pavilion, Dubai Exhibition Centre, during the world's largest annual food and beverage trade exhibition.

Product Innovation and Technology

The company's breakthrough innovation centers on harnessing the power of Indian agriculture to address India's and the world's growing protein and nutrition challenges through a consumer health-first, science-led approach. Nutricircle is redefining how nutrition is produced and consumed by unlocking the potential of indigenous millets, pulses, and rice, building an integrated value chain based on its core philosophy of Soil-Seeds-Science-Sustainability-Solutions.

Revolutionary Millet-Based Proteins

Nutricircle has established itself as the first company to isolate protein from indigenous millets such as foxtail millet, amaranth, and pearl millet, alongside high-protein chickpea, horse gram, lentils, and other native super grains. The company's portfolio includes protein concentrates and isolates ranging from 28% to 95%, depending on the source crop, designed as functional ingredients for multiple industries.

The target industries for these innovative protein solutions include:

• Food & Beverages
• Nutraceuticals & Sports Nutrition
• Pharmaceuticals
• Bakery
• Snacks
• Functional Foods

High-Protein Chickpea Innovation

A key highlight of Nutricircle's innovation pipeline is its high-protein chickpea, developed in collaboration with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT). This unique chickpea variety contains up to 28% protein and yields a functional protein rich in albumins and globulins, offering excellent solubility, emulsification, foaming, and gelling properties.

The bioactive peptides in this innovative chickpea variety support cardiovascular and immune health, while prebiotic fibres enhance gut health, making it ideal for meat analogues, dairy alternatives, flours, pastas, and protein-fortified foods.

Regulatory Compliance

The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance and regulatory compliance. The disclosure was signed by Managing Director Hitesh Mohan Patel and filed with BSE Limited under BSE Code 530219.

Nutricircle Limited , formerly known as Shreeyash Industries Limited, has announced its unaudited financial results for the second quarter and first half of the fiscal year 2025-26, showcasing significant growth in revenue and profitability.

Financial Highlights

The company reported a substantial increase in its revenue from operations for the quarter ended September 30, 2025. Here's a breakdown of the key financial metrics:

All figures in lakh rupees

The company's performance shows a remarkable improvement compared to the previous year, with revenue from operations for the half-year reaching ₹734.33 lakh, up from nil in the corresponding period of the previous fiscal year.

Operational Performance

Nutricircle Limited's cost of materials consumed for H1 FY2026 stood at ₹669.74 lakh, indicating a significant increase in operational activity. The company managed to keep its employee benefits expenses stable at ₹7.93 lakh for the half-year period.

Balance Sheet Strengthening

As of September 30, 2025, Nutricircle Limited reported:

• Total Assets: ₹1,237.24 lakh
• Total Equity: ₹589.35 lakh
• Current Assets: ₹1,234.34 lakh

The company's balance sheet shows a notable improvement in its financial position, with a significant increase in current assets and total assets compared to the previous fiscal year-end.

Capital Raising and Equity Expansion

In December 2024, Nutricircle Limited completed a significant equity allotment:

• Allotted 97,28,220 equity shares at ₹10 per share
• Total amount raised: ₹9.73 crore
• Additionally issued 11,00,000 share warrants convertible into equity shares

This capital infusion is expected to provide the company with funds to support its growth initiatives and operational expansion.

Management Commentary

Hitesh Mohanlal Patel, Managing Director of Nutricircle Limited, stated, "Our financial results for Q2 and H1 FY2026 reflect the company's strong operational performance and strategic initiatives. The significant growth in revenue and profitability demonstrates the effectiveness of our business model and the growing demand for our products. The recent capital raise will further strengthen our financial position and enable us to capitalize on emerging opportunities in the market."

Auditor's Review

NSVR & Associates LLP, the company's statutory auditors, have conducted a limited review of the financial results. They have stated that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Outlook

With a strengthened balance sheet and improved operational performance, Nutricircle Limited appears well-positioned for continued growth. The company's focus on expanding its operations and the recent capital infusion are expected to support its future expansion plans and market positioning.