NaturalShrimp Incorporated has reported significant financial and operational changes in its latest 10-K filing, reflecting a tumultuous period for the company. For the fiscal year ending March 31, 2026, NaturalShrimp settled approximately $36 million in outstanding liabilities through the transfer of its fixed and intangible assets to creditors Streeterville Capital and Buckstown Capital. This transfer effectively extinguished the company's debt, marking a pivotal shift in its financial landscape. The company reported limited operational activity during this period, as indicated in its Statement of Change in Net Assets.
The filing also reveals that NaturalShrimp has undergone substantial organizational changes, including a transition in governance and control to Hydrenesis, Inc. This transition was formalized through an Intellectual Property and Management Transition Agreement, which grants NaturalShrimp a perpetual license to certain aquaculture and water treatment technologies. The agreement also includes provisions for converting existing obligations to equity, restructuring legacy securities, and the issuance of new preferred stock. These strategic developments are aimed at repositioning the company within the aquaculture sector.
In terms of operational metrics, the company has faced challenges, including a significant cybersecurity incident involving a former executive's email, which resulted in a $100,000 loss to an investor. As of July 5, 2026, NaturalShrimp had approximately 520 shareholders of record, with 1,277,546,746 shares issued and outstanding. The company has not declared or paid any cash dividends and does not plan to do so in the future, reflecting its focus on restructuring and stabilizing its financial position.
Looking ahead, NaturalShrimp's management has indicated a commitment to addressing its internal control weaknesses, which have been identified as material. Plans include establishing an independent board of directors and audit committee, enhancing the skills of its staff, and developing formal policies and procedures for financial reporting. The company is currently working on a plan with creditors to settle remaining balances and is exploring options for future financing and operational activities. However, the outlook remains uncertain, as the company has acknowledged the risks associated with its ongoing restructuring efforts and the potential for further operational challenges.
About NaturalShrimp Inc
NaturalShrimp Incorporated is an aquaculture technology company specializing in proprietary, eco-friendly, recirculating systems for sustainable, antibiotic-free shrimp production. Its core business involves developing and operating indoor facilities for high-density, regional shrimp farming, delivering fresh, natural, and locally-grown shrimp year-round. The company leverages patented water treatment and biological control technologies to address ecological and health concerns, targeting global markets with a focus on quality, sustainability, and supply chain transparency.
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