Healthy Life Agritec Approves Annual Results; Audit Notes Highlight Compliance Issues

Healthy Life Agritec Approves Annual Results; Audit Notes Highlight Compliance Issues​

Healthy Life Agritec Ltd has approved its Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026. The company's Board of Directors reviewed and ratified these results at a meeting held on June 8, 2026. These results reflect operational activities across the consolidated group and include the completion of an unmodified audit by NYS & Company, Chartered Accountants.

The financial period saw the company successfully raise capital through a Rights Issue. During the year, Healthy Life Agritec issued equity shares totaling 24,812,000 at a face value of Rs. 10 each, generating Rs. 2,481.20 lakhs.

Standalone Financial Performance and Audit Findings​

The standalone results for the year ended March 31, 2026, reflected significant activity in both revenues and operational performance.

Key financial details from the standalone statement include:


The audit of the standalone financial results by NYS & Company revealed several compliance and operational observations. Auditors noted that the company has outstanding undisputed income tax liabilities, and it was found not to have been regular in complying with TDS requirements. Furthermore, the company is liable for compliance with Employees' Provident Fund and Employees' State Insurance provisions but had not complied with these obligations during the year.

Consolidated Results Overview​

The consolidated results for the Group, comprising Healthy Life Agro Limited and Healthy Life Farms Private Limited, also ended March 31, 2026. The audit of the consolidated financial statements confirmed an unmodified opinion on the results.

Consolidated figures indicate that Total Income stood at 2,281,420 (Rs.), while Net Profit/(Loss) after tax was recorded at Rs. 54,188. The Group's total equity and liabilities were reported as 5750 (Rs.).

Audit Matters for Both Standalone and Consolidated Results​

Both the standalone and consolidated audits included several key observations regarding operational compliance:

• Compliance Deficiencies: Auditors noted that neither the company nor its subsidiaries had made provisions for late payment charges or interest related to delayed payments and non-compliance in their financial records.
• Internal Controls and Reporting: As of the audit date, reports on Internal Financial Control and internal audits were not available for verification.
• Asset Valuation: Inventory, balances of debtors, creditors, security deposit, cash balance, and the valuation of Intangible Assets are certified by management in both the standalone and consolidated statements.

The company's board of directors is responsible for preparing these statements to give a true and fair view of the financial position, performance, and cash flows in accordance with accounting principles generally accepted in India.

Stock Price Movement​

Healthy Life Agritec Ltd settled at ₹7.50 in post-market trading today, recording a 4.09% decline. The stock moved within its narrow intraday range, which stretched from a low of ₹7.50 to a high of ₹7.54.