Company Update

Newtrac Foods & Beverages' Board has approved the financial results for the quarter ended June 30, 2025. In a key strategic move, the company also removed Mr. Vishal Kelkar as Chief Executive Officer with immediate effect.

Mr. Kelkar's appointment was specifically for overseeing the 'Holkar Project,' which the Board noted has not progressed as anticipated due to unfulfilled project terms and conditions.

This leadership change directly addresses the stalled project, signaling a decisive step to tackle operational hurdles and refocus business priorities.