Nepra Foods to file 2025 financials late

Executive Summary

• Nepra Foods Inc. has failed to file its annual financial statements for the year ended March 31, 2025, by the required deadline of July 29, 2025, due to the auditor requiring additional time.
• The company has received a management cease trade order against the CEO and CFO, restricting their ability to trade company securities until the annual filings are submitted.
• The company expects to file the annual reports on or before August 29, 2025, with a regulatory deadline of September 29, 2025, and will issue biweekly default status reports until compliance is achieved.

Key Details

• Filing Delay: Annual financial statements for the year ended March 31, 2025, including Management Discussion & Analysis (MD&A) and CEO/CFO certifications, were not filed by the July 29, 2025 deadline.
• Reason for Delay: The company's auditor requires additional time to complete the audit.
• Expected Filing Date: The company currently expects to file the annual reports on or before August 29, 2025.
• Regulatory Action: A management cease trade order has been imposed against the CEO and CFO.
• Cease Trade Conditions: The order remains in effect until the annual filings are filed and requires that the filings be completed on or before September 29, 2025.
• Reporting Obligations: Nepra Foods intends to provide information in accordance with National Policy 12-203, including the issuance of biweekly default status reports via news release until the annual filings are outstanding.

Notable Quotes

• "The company's auditor requires additional time to complete its audit and, as a result, the annual filings were not filed before the filing deadline."
• "The company is working diligently with its accounting staff and external auditor to file the annual filings as soon as practicable..."