Nakoda Group of Industries Ltd Management Discussions

CORPORATE OVERVIEW

Nakoda Group of Industries Limited is engaged in the manufacturing, processing and trading of a wide range of food and agro-based products including Tutti Fruity [Diced Chelory), Karonda Cherries, Sweet Lime Peels, Orange Cut Peels, Jams, Fruit Pulp, Sauces, Canned and Frozen Fruits & Vegetables, Dry Fruits, Nuts, Popcorns, Spices, Fox Nuts, Cotton, Chia Seeds, Sabja Seeds, Amla- based products, Gulkand and Inverted Sugar Syrup, among others.

The Company has been exporting its products to the Middle East and European markets since 1998, while also catering to the domestic market. Its manufacturing facility is located in Nagpur, Maharashba, providing logistical advantages for distribution across India.

During the year, the Company further diversified its business by entering the beverages and consumer products segment with the launch of NO CTRL (NO CONTROL), offering Energy Drinks and Flavoured Carbonated Soft Drinks. The brand was launched in the domestic market in October 2025. The Company also expanded its objects to include mineral water, aerated water, sparkling water, non-alcoholic beverages, carbonated drinks, soft drinks and other fruit and nonfruit based beverages.

The Company continues to focus on product diversification, quality, innovation and expansion of its market presence.

FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the accounting principles generally accepted in India and the applicable provisions of the Companies Act, 2013. The Management accepts responsibility for the integrity and objectivity of the financial statements and the estimates and judgements used in their preparation, so as to present a true and fair view of the Companys affairs and financial performance for the year ended 31st March, 2026.

ECONOMIC OVERVIEW

Indias economy remained resilient during FY 2025-26 despite global economic challenges. The food processing and FMCG sectors continue to offer significant growth opportunities, supported by changing consumer preferences, rising demand for processed and packaged products and increasing consumption across domestic markets.

STRENGTHS

1. Trained Technical Staff

2. Experienced Management

3. Advanced Technology

4. Innovative Work Techniques

5. International Business Relation

6. Quality Products

WEAKNESS

1. Taxation Structure

2. Labor Problems

3. Delayed Payment Cycle

4. Poor Infrastructure

5. Transportation Issues

6. Supply of Low Quality of Raw Material

OPPORTUNITIES

1. International Business

2. Globally Recognition of Products

3. Innovative Technology to Reduce Cost

4. High Sales & Profit Volume

5. Changes in Government Policies to Support SME

THREAT

1. Poor Monsoon

2. Low Work Productivity from Labor

3. Political Interference in Government Policies

4. International Business Policy Changes

5. Economy Policy Changes

Review of Operations:

In a dynamic and evolving business environment, your Company continues to focus on long-term, profitable and sustainable growth. The Company maintained a forward-looking approach towards identifying new opportunities, addressing emerging challenges and strengthening its business operations.

The Company continued to monitor the changing business environment and adapt its strategies and initiatives accordingly, During the year, the Company remained focused on improving operational efficiencies, strengthening its existing business, exploring new opportunities and realigning its initiatives in line with changing market and customer requirements.

The Company also continued to focus on the principles of continuous improvement and operational excellence to enhance efficiency and support sustainable growth. The Company believes that its ability to understand changing market dynamics and respond effectively will remain important for achieving its long-term objectives.

During the financial year 2025-26, the Company achieved an overall turnover of Rs.43.45 Crore, as compared to Rs.46.25 Crore in the previous financial year. The Company continues to focus on strengthening its operations, diversifying its product portfolio and expanding its market presence.

FORWARD LOOKING STATEMENTS

Statements in this Annual Report describing the Companys objectives, projections, estimates, expectations, plans and strategies may constitute forward-looking statements within the meaning of applicable laws and regulations. Such statements are based on the Managements current expectations, assumptions and assessment of the business environment and involve various risks and uncertainties.

The Companys actual results, performance and achievements may differ materially from those expressed or implied in such forward-looking statements due to various factors, including changes in economic conditions, market dynamics, regulatory environment, competition, demand, availability of resources and other risks and uncertainties.

The Company does not undertake any obligation to publicly update or revise any forwardlooking statements to reflect subsequent events, developments or changes in circumstances. Accordingly, readers are advised to exercise their own judgement and undertake their own assessment before making any investment decision based on the information contained in this Annual Report.

For and on behalf of the Board of Directors Nakoda Group of Industries Limited

	SD/-	SD/-
	Pravin Choudhary	Jayesh Choudhary
Place: - Nagpur	(Managing Director)	(Whole Time Director)
Date: - 29.08.2026	(Din:-01918804)	(Din: -02426233)