Natural Biocon (India) Ltd — Updates, 13-06-2025: Company Update

Natural Biocon (India) Limited has announced a change in its statutory auditors following the resignation of the previous auditor. M/s Mayur Shah & Associates have been appointed to fill the vacancy effective from February 24, 2025. The company complied with all necessary filings regarding this change. The Secretarial Compliance Report noted delays in publishing financial results and submitting the share capital audit report, for which fines were levied. The board is addressing these lapses and has committed to improving timeliness. The company also increased its authorized share capital and passed resolutions allowing borrowings, loans, investments, and related party transactions up to Rs. 500 Cr. Additionally, significant equity shares were issued on a preferential basis for acquisitions; however, the company later withdrew these preferential issuance cases but did not disclose the withdrawal promptly as required.