Nutraplus India Annual Report Confirms End of Operations

• Net Worth: Negative Rs 5.69 crore as of March 31, 2026.
• Net Loss: Rs 34.01 lakh reported for FY 2025-26.

Reader Takeaway: The company is a defunct shell with zero assets; recovery for shareholders remains highly improbable.

What just happened

Nutraplus India Ltd’s latest Annual Report for FY 2025-26 acknowledges the entity is no longer a going concern. The management explicitly confirmed that the company possesses no manufacturing capacity, no operational business, and has seen a total erosion of its net worth. The firm effectively ceased all commercial activities in February 2019.

Why this matters

Investors are faced with an entity that has lost its core assets, as all Property, Plant, and Equipment were seized and auctioned by Saraswat Co-operative Bank under the SARFAESI Act during FY 2020-21. The management has admitted that no strategic investment can be introduced, and there is no scope for future earnings, rendering the company a non-operational shell.

Governance and Compliance

The company’s regulatory status is critically compromised. Equity shares are confirmed to be delisted, and trading has remained suspended since February 12, 2021. Secretarial audits further revealed significant governance lapses, noting that the Board of Directors was not properly constituted for parts of the year, alongside multiple failures to meet SEBI and Companies Act compliance standards.

Risks to watch

Shareholders should note the lack of personnel across all key departments, including finance, legal, and production. The management admits that financial statements were prepared based on limited ledger data without balance confirmations. Despite efforts mentioned regarding potential relisting, the company acknowledges it currently lacks the fundamental operational requirements of an ongoing business.