Nutricircle Ltd

Nutricircle Ltd has entered into a Memorandum of Understanding (MOU) with the Department of Industries, Government of Tripura, to establish a BioNutrition Valley. This initiative aims to manufacture plant proteins, functional food ingredients, and bio-based products using circular bioeconomy practices. The project is expected to add value to agricultural produce, foster sustainable industrial development, enhance farmer incomes, and generate employment. The proposed investment for this venture is estimated to be between ₹100 Crore and ₹130 Crore. The MOU is valid for 12 months and may be extended by mutual agreement. Nutricircle will be responsible for obtaining necessary permissions, while the Tripura government will facilitate the process.

Nutricircle Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and will be effective from July 1, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter ended June 30, 2026. The board meeting to approve these results is scheduled to be held on or before August 14, 2026. During this period, no trading in the company's securities is permitted for designated individuals.

Nutricircle Ltd has announced the incorporation of its wholly owned subsidiary, Nutricircle Europe ApS, in Denmark on May 20, 2026. The new entity, based in Aarhus, Denmark, will focus on the development, production, and sale of plant-based ingredients and food products, exploring new business opportunities in the European market. The initial investment in the subsidiary's share capital amounts to approximately Rs. 3,00,000 (DKK 20,000). The Managing Director of Nutricircle Ltd, Hitesh Mohanlal Patel, also holds an Executive Director position in the subsidiary, and the transaction is considered a related party transaction conducted at arm's length.

Nutricircle Ltd's auditor issued a qualified opinion for the financial year ended March 31, 2026, due to an outstanding unsecured loan of ₹50 lakhs to Mr. K. Veersham without balance confirmation or alternative evidence. The company explained that the loan was given in 2017-18 to the farmer due to crop damage and is now unrecoverable. The auditor was unable to verify the completeness and accuracy of the loan balance, leading to the qualification.

Nutricircle Ltd reports no deviation or variation in the utilization of proceeds from its preferential issue of ₹1,10,00,000 for the quarter ended March 31, 2026. The funds were raised on February 13, 2026, through the issuance of 11,00,000 convertible warrants into equity shares at ₹10 each. The audit committee reviewed the statement of deviation, confirming no discrepancies. The funds were allocated to meet working capital needs, invest in technology and infrastructure, and purchase machinery.

Nutricircle Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. The board meeting, held on May 26, 2026, approved the financial results along with the auditor's report. M/s Manas Dash & Co., Chartered Accountants, were appointed as the Internal Auditor for the financial year 2026-2027.

Nutricircle Ltd has appointed M/s Manas Dash & Co., Chartered Accountants, as its Internal Auditor for the financial year 2026-2027. The appointment was made in compliance with the Companies Act, 2013 and SEBI regulations, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was taken during the Board Meeting held on May 26, 2026, where the board also approved the audited financial results for the year ended March 31, 2026.

Nutricircle Ltd's board meeting on May 26, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The board also appointed M/s Manas Dash & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-2027, effective from May 26, 2026. CA Manas Dash has twenty years of experience in taxation, auditing and management consultancy.

Nutricircle Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The board will also consider the appointment of an internal auditor for the financial year 2026-27 and any other business items.

Nutricircle Ltd has entered into a SSP Project Agreement with Central Food Technological Research Institute (CSIR-CFTRI) on 2nd April, 2026. The agreement is for the Development of fermented chickpea ingredients for enhanced protein bioavailability and techno-functional properties. The project will be carried out in three phases: Strain Screening, Process Optimization, and Comprehensive Characterization. Nutricircle Ltd will pay CSIR-CFTRI a total of Rs. 39,51,525 for the project, with the first instalment of Rs. 23,70,915 due on or before signing the agreement and the second instalment of Rs. 15,80,610 due on or before 31st November 2026. CSIR-CFTRI is responsible for completing the project and submitting the final report within six months of signing the agreement.