{"url_path":"/sec/cik-0001465470/10-k/2026/item-9a","section_key":"item-9a","section_title":"Item 9A CONTROLS AND PROCEDURES**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1465470/0001493152-26-034187-index.html","accession_number":"0001493152-26-034187","cik":"0001465470","ticker":null,"issuer_name":"NaturalShrimp Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1465470/0001493152-26-034187-index.html","primary_entity_key":"0001465470","primary_entity_name":"NaturalShrimp Inc"},"word_count":1110,"has_tables":true,"body_markdown":"**ITEM\n9A. CONTROLS AND PROCEDURES**\n\n \n\n*Evaluation\nof Disclosure Controls and Procedures*\n\n \n\nWe\nmaintain disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are\ndesigned to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized\nand reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated\nto our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions\nregarding required disclosures. In designing disclosure controls and procedures, our management necessarily was required to apply its\njudgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls\nand procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that\nany design will succeed in achieving its stated goals under all potential future conditions. Any controls and procedures, no matter how\nwell designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives.\n\n \n\nOur\nmanagement, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness\nof the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based upon\nthat evaluation and subject to the foregoing, our principal executive officer and principal financial officer concluded that our disclosure\ncontrols and procedures were not effective due to the material weaknesses in internal control over financial reporting described below.\n\n \n\n*Management’s\nAnnual Report on Internal Control Over Financial Reporting*\n\n \n\nOur\nmanagement is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f)\nand Rule 15d-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed by, or under the supervision\nof, our principal executive and principal financial officers and effected by our Board of Directors, management and other personnel,\nto provide reasonable assurance regarding the reliability of financial reporting and the preparation of our consolidated financial statements\nfor external reporting purposes in accordance with U.S. generally accepted accounting principles. A company’s internal control\nover financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that, in reasonable detail,\naccurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that\ntransactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting\nprinciples, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and\ndirectors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,\nuse, or disposition of the Company’s assets that could have a material effect on the financial statements.\n\n \n\nBecause\nof its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those\nsystems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.\nIn addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate\nbecause of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.\n\n \n\n8\n\n \n\n \n\n*Material\nWeakness in Internal Control over Financial Reporting*\n\n \n\nManagement\nassessed the effectiveness of the Company’s internal control over financial reporting as of March 31, 2026 based on the criteria\nfor effective internal control over financial reporting established in Internal Control - Integrated Framework issued by the Committee\nof Sponsoring Organizations of the Treadway Commission and SEC guidance on conducting such assessments. Based on this assessment, management\nhas determined that the Company’s internal control over financial reporting as of March 31, 2026 was not effective. Management\nrealized that there were deficiencies in the design or operation of our internal control over financial reporting that adversely affected\nit and that management considers to be material weaknesses. Such material weaknesses in our internal control over financial reporting\nhave not been remedied.\n\n \n\nThe\nineffectiveness of our internal control over financial reporting was due to the following material weaknesses, which are indicative of\nmany small companies with small number of staff:\n\n \n\n●\nInadequate\nsegregation of duties consistent with control objectives;\n\n●\nLack\nof independent board of directors (as of the balance sheet date) and absence of an audit committee to exercise oversight responsibility\nrelated to financial reporting and internal control;\n\n●\nLack\nof risk assessment procedures on internal controls to detect financial reporting risks in a timely manner; and\n\n●\nLack\nof documentation on policies and procedures that are critical to the accomplishment of financial reporting objectives.\n\n \n\nManagement\ncontinues to implement measures designed to ensure that control deficiencies contributing to the material weakness are remediated, such\nthat these controls are designed, implemented, and operating effectively.\n\n \n\nThe\nremediation actions planned include:\n\n \n\n●\nIdentify\ngaps in our skills base and the expertise of our staff required to meet the financial reporting requirements of a public company;\n\n●\nEstablish\nan independent board of directors and an audit committee (which the company intends to evaluate as the transition plan, financing\nneeds, and operating activities develop) to provide oversight for remediation efforts and ongoing guidance regarding accounting,\nfinancial reporting, overall risks and the internal control environment;  \n\n●\nRetain\nadditional accounting personnel with public company financial reporting, technical accounting, SEC compliance, and strategic financial\nadvisory experience to achieve adequate segregation of duties; and\n\n●\nContinue\nto develop formal policies and procedures on accounting and internal control over financial reporting and monitor the effectiveness\nof operations on existing controls and procedures.\n\n \n\nOur\nmanagement will continue to monitor and evaluate the relevance of our risk-based approach and the effectiveness of our internal controls\nand procedures over financial reporting on an ongoing basis and is committed to taking further action and implementing additional enhancements\nor improvements, as necessary and as funds allow.\n\n \n\nThis\nannual report does not include an attestation report of our registered public accounting firm regarding internal control over financial\nreporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to rules of the\nSEC that permit us to provide only management’s report in this annual report, which may increase the risk that weaknesses or deficiencies\nin our internal control over financial reporting go undetected.\n\n \n\n*Changes\nin Internal Control over Financial Reporting*\n\n \n\nThere\nwere  no changes in our internal control over financial reporting during the fiscal quarter ended March 31, 2026 that have materially\naffected, or that are reasonably likely to materially affect, our internal control over financial reporting."}