Audit Qualification Issued: Newtrac Foods & Beverages Reports Impact of Modified Opinion on Financial Results
Newtrac Foods & Beverages Ltd has reported the financial results for the year ended March 31, 2026, alongside a statement detailing the impact of an audit qualification received from NKSC & Co. The audit opinion was modified due to management's inability to provide certain critical records and supporting documents necessary for conducting a thorough audit.The audit qualification resulted in a Disclaimer of Opinion. According to the statement, the auditing firm was unable to confirm or verify the state of affairs of the Company, including its loss and cash flows for the financial year, due to missing materials. Specifically, the management failed to provide records and supporting documents such as loan agreements, trade receivables and trade payables confirmations, and invoices and supporting vouchers for sales and purchases made during the year.
The financial performance metrics are presented below, showing both the figures reported before adjusting for qualifications and the adjusted figures:
| Particulars | Audited Figures (Before Adjustment) | Adjusted Figures (After Adjustment) |
|---|---|---|
| Turnover / Total income | 8.26 | 8.26 |
| Total Expenditure | 23.51 | 23.51 |
| Net Profit/(Loss) | -15.25 | -15.25 |
| Earnings Per Share | -0.08 | -0.08 |
| Total Assets | 1991.24 | 1991.24 |
| Total Liabilities | 1991.24 | 1991.24 |
| Net Worth | 1958.57 | 1958.57 |
Despite the qualified opinion, all key financial figures—including Turnover/Total Income (8.26), Total Expenditure (23.51), and Net Profit/(Loss) (-15.25)—remained unchanged when comparing the figures reported before and after accounting for the audit qualifications. The company reported Total Assets at 1991.24, with a Net Worth standing at 1958.57.
Stock Price Movement
Newtrac Foods & Beverages Ltd. settled at ₹4.57 on Monday, registering a gain of 1.56%.The shares fluctuated within the trading range, moving between an intraday low of ₹4.50 and a high of ₹4.88.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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