Newtrac Foods & Beverages Limited (formerly Markobenz Ventures) announced the immediate removal of CEO Vishal Kelkar due to non-fulfillment of Holkar Project terms. The company reported Q1 2025 financial results, showing a decline in performance. Revenue from operations decreased by 11.25% to ₹1,337.24 lacs, and net profit fell by 60.98% to ₹23.57 lacs compared to Q1 2024. Basic EPS dropped to ₹0.12 from ₹0.31. The Board approved these results on July 28, 2025. Auditors highlighted the absence of a TAN and Company Secretary but did not modify their opinion.
28Jul 25
Markobenz Ventures Reports 60% Decline in Q1 Net Profit
Newtrac Foods & Beverages Limited (formerly Markobenz Ventures) reported a 60.98% year-over-year decline in net profit for Q1 FY2026, falling to ₹23.57 lakh from ₹60.40 lakh. Revenue from operations decreased by 11.25% to ₹1,337.24 lakh. The company's Board of Directors removed Mr. Vishal Kelkar from his position as CEO due to unsatisfactory progress of the Holkar Project. The company has changed its name from Markobenz Ventures Ltd to Newtrac Foods & Beverages Limited.