Nurture Well Industries Ltd Directors Report

Dear Shareholders,

The Board of Directors (Board) is pleased to present the Fortieth (40th) Annual Report together with the Audited Financial Statements of Nurture Well Industries Limited ( the Company ) for the financial year ended March 31, 2026.

A. FINANCIAL RESULTS

The Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 (the Act) read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and other applicable provisions of the Act, together with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).

The highlights of standalone and consolidated financial results of the Company for the financial year ended March 31, 2026, and March 31, 2025, are as under:

(Rs in Crores)

aParticulars	Standalone		Consolidated
	For the Financial year ended March 31, 2026	For the Financial year ended March 31, 2025	For the Financial year ended March 31, 2026	For the Financial year ended March 31, 2025
Total Income	8.64	67.84	1028.26	769.35
Total Expenditure*	1.15	64.86	936.57	697.07
Profit before Finance Costs, Depreciation, Tax	7.49	2.98	91.69	72.28
Depreciation & Amortization	0.24	0.16	3.02	2.76
Finance Costs	0.65	0.07	1.15	1.09
Profit before Tax	6.60	2.75	87.52	68.43
Income Tax (including deferred tax)	1.66	0.66	2.99	1.86
Net Profit after Tax	4.94	2.09	84.53	66.57
Other Comprehensive Income (net of tax)	-	-	15.20	1.25
Total Comprehensive Income	4.94	2.09	99.73	67.82
EPS (Basic)	0.20	0.10	3.40	2.64

*Excluding Depreciation & Amortization and Finance Cost.

B. OPERATIONAL PERFORMANCE AND BUSINESS REVIEW

During the financial year under review, your Company, continued to strengthen its presence in the biscuits, bakery and allied food products industry. With the growing demand for quality, innovative and convenient food products across the country, the Company strategically focused on expanding its product portfolio, strengthening its operational and distribution capabilities, enhancing product quality, and consolidating its position in the industry..

On a consolidated basis, the total income of the Company stood at Rs. 1028.26 crores, as compared to Rs. 769.35 crores in the previous financial year ended March 31, 2025, marking a substantial growth of over 33.65%. This increase was primarily driven by enhanced business volumes, strategic expansion, and improved operational efficiencies across key business segments.

The Company remains committed to pursuing sustainable growth, expanding its presence in the biscuits and bakery industry, exploring new business opportunities, and creating long-term value for its stakeholders. With strong industry fundamentals, growing consumer demand for quality and innovative food products, evolving consumption preferences, and a robust product development and expansion pipeline, the Company is well-positioned to achieve further growth in the coming years.

Further, the Company was, inter alia, established with the objective of manufacturing, processing, marketing and distributing a wide range of biscuits, bakery products and other food products. During FY 2025 26, the Company further expanded its business operations by introducing new products and strengthening its presence in the biscuits and bakery segment. The Company is committed to maintaining high standards of food safety, quality, hygiene and regulatory compliance and follows appropriate food safety and quality management practices in its operations, including compliance with applicable food safety standards.

C. MANAGEMENT DISCUSSION AND ANALYSIS

Management Discussion and Analysis Report for the financial year ended March 31, 2026, as stipulated under Regulation 3 4 (2)(e) o f the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (Listing Regulations) is presented in a separate section and forms an integral part of this Report.

D. DIVIDEND

The Board of Directors has considered it prudent not to recommend any dividend for the financial year under review in order to retain the profits for meeting the Companys future growth and business requirements.

Pursuant to Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the top 1000 listed entities based on market capitalization (as on March 31 of every financial year) are required to formulate a Dividend Distribution Policy and disclose the same on their website and provide a web-link in their Annual Report.

As the Company does not fall within the top 1000 listed entities based on market capitalization as on March 31, 2026, the provisions of Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable to the Company.

E. TRANSFER TO RESERVES

During the financial year under review, the Company has not transferred any amount to the General Reserve.

F. SUBSIDIARIES AND ASSOCIATES

As on March 31, 2026, your Company has one direct subsidiary, namely Nurture Well Foods Limited, and one step-down subsidiary, namely Nurture Well LLC. There are no associate companies or joint venture companies within the meaning of Section 2(6) of the Companies Act, 2013 ( the Act ). Further, there has been no material change in the nature of business of the Company and its subsidiaries during the financial year under review.

Nurture Well Foods Limited has been classified as a material subsidiary of the Company in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

G. RELATED PARTY TRANSACTIONS

All Related Party Transactions are placed before the Audit Committee for approval as per the Related Party Transactions Policy of the Company as approved by the Board. The policy is also uploaded o n the website of the Company and can b e accessed through the link https://www.nurturewell.com/investor?company=industries&tab=disclosures-under-reg 46&disc-item=related-party-transactions-policy. All related party transactions that were entered into during the financial year were on an arms length basis and were in the ordinary course of business. The disclosure of transactions with the related parties are provided in the notes to the Standalone Financial Statements, forming part of the Annual Report.

None of the transactions required disclosure in Form AOC-2 under Section 188 of the Act and the applicable Rules.

H. AUDITORS

1) Statutory Auditors and Auditors Report

M/s Prem Gupta & Co., Chartered Accountants (Firm Registration No. 000425N), were appointed as the Statutory Auditors of the Company pursuant to the provisions of Section 139 of the Companies Act, 2013, at the 37th Annual General Meeting of the Company held on May 22, 2023, for a term of five consecutive years, to hold office from the conclusion of the 37th Annual General Meeting until the conclusion of the 42nd Annual General Meeting.

The report of the Statutory Auditors on Financial Statements for the FY 2025-26 forms part of this Annual Report which are self-explanatory and do not call for any further comment and the said report does not contain any qualification, reservation, disclaimer or adverse remark and they have not reported any incident of fraud pursuant to the provision of Section 143(12) of the Act, accordingly, no such details are required to be reported under Section 134(3)(ca) of the Act.

2) Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act, 2013, read with the rules made thereunder and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s L. Gupta & Associates, Practising Company Secretaries (Unique Identification Number: S2002DE050800), were appointed as the Secretarial Auditors of the Company for a term of five consecutive years commencing from FY 2025 26 to FY 2029 30, pursuant to the approval of the Members of the Company at the Annual General Meeting held on 18 th September, 2025. Further, M/s L. Gupta & Associates were appointed as the Secretarial Auditors of Nurture Well Foods Limited, the unlisted material subsidiary of the Company, by its Board of Directors for the financial year 2025 26.

The Secretarial Audit Reports of the Company and its material subsidiary for the financial year ended March 31, 2026 are annexed to this Report as Annexure II and Annexure II(A), respectively.

Further, the Report of the Secretarial Auditor for the FY 2025-26 does not contain any qualification, reservation or adverse remarks. The Secretarial Audit Report confirms that the Company has complied with the provisions of the Act, Rules, Regulations and Guidelines and that there were no deviations or non-compliances.

3) Internal Auditors

In terms of Section 138 of the Companies Act, 2013 read with rules made thereunder, the Board of Directors of the Company, had appointed M/s Goyal Mittal & Associates LLP, FRN: N500053, Chartered Accountants, as the Internal Auditors of the Company to conduct the Internal Audit for the FY 2025-26.

The Internal Audit Report for FY 2025-26 does not contain any qualification, reservation, disclaimer or adverse remark or they have not reported any matter under Section 143(12) of the Act, therefore no detail is required to be disclosed under Section 134(3) (ca) of the Act.

4) Reporting of Frauds by Auditors

During the financial year under review, the Statutory Auditors and the Secretarial Auditor have not reported any instances of frauds committed against the Company by its Officers or Employees, therefore no detail is required to be disclosed under Section 134(3) (ca) of the Act.

5) PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES

Details of loans, Guarantees and Investments covered under Section 186 of the Act and Schedule V of the Listing Regulations are provided in the notes to financial statements.

Further, the Details of transactions of loans, guarantees and investments under the provisions of Section 186 of the Act read with the Companies (Meetings of Board and its Powers) Rules 2014 as on 31st March 2026 are as follows:

CIN :	U10712UP2023PLC180286
Name of the Party :	Nurture Well Foods Limited
Type of person :	Subsidiary
Nature of transaction :	Loan
Rate of interest, if loan :	8%
Brief of transaction :	Loan to Subsidiary
Amount in Rs. :	100 Crore
Date of passing of Board Resolution :	-
Date of passing of Special Resolution, if any :	18 th September, 2025
SRN of MGT 14, if any :	AB7142922

6) PUBLIC DEPOSITS

Your Company has neither invited nor accepted any deposits from public within the meaning of Section 73 of the Act read with Companies (Acceptance of Deposits) Rules 2014 during the period under review.

7) EMPLOYEES

1) Key Managerial Personnel (KMP)

The following have been designated as the Key Managerial Personnel of the Company pursuant to Sections 2(51) and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

a) Mr. Saurabh Goyal	Managing Director
b) Ms. Sheetal Soni	Chief Financial Officer
c) Mrs. Priyanka	Company Secretary cum Compliance Officer

After Closure of financial year under review, Mr. Anil Kumar resigned from the position of Chief Financial Officer (CFO) of the Company with effect from April 20, 2026, due to his preoccupation with other activities. Subsequently, the Board of Directors of the Company appointed Ms. Sheetal Soni as the Chief Financial Officer of the Company with effect from April 20, 2026.

2) Employees Stock Option Scheme

During the period under review, no Employees Stock Option scheme exists in the Company.

3) Particulars of Employees and Related Disclosures

In accordance with the provisions of Section 197(12) of the Act read with Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement containing the disclosures pertaining to remuneration and other details as required under the Act and the above Rules, are appended to this Report as Annexure III.

During the financial year 2025-26, certain Directors of the Company received remuneration from one or more subsidiary companies in accordance with the provisions of Section 197 of the Companies Act, 2013 and the applicable provisions thereof. The details of such remuneration are in compliance with the applicable provisions of the Companies Act, 2013

The details of remuneration paid to the Directors including the Managing Director of the Company are given in Corporate Governance Report.

The information required under Section 197(12) of the Act read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this Report. However, pursuant to first proviso to Section 136(1) of the Act, this Report is being sent to the Shareholders excluding the aforesaid information. Any shareholder interested in obtaining said information, may write to the Company Secretary at the Registered Office of the Company and the said information is open for inspection at the Registered Office of the Company.

The Board of Directors affirm that the remuneration paid to key managerial personnel of the Company is as per the Nomination & Remuneration Policy of the Company.

8) BOARD AND COMMITTEES

1) Directors

As on March 31, 2026, the Board of Directors comprises of six directors out of which two are Executive Directors, three are Non-Executive Independent Directors and one is Non-Executive - Non-Independent Director.

Further, pursuant to the provisions of Section 149 of the Act, the Independent Directors have submitted declaration that each of them meets the criteria of independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations. The Independent Directors have also confirmed that they have complied with Schedule IV of the Act and Companys Code of Conduct.

Further, in terms of Regulations 25(8) of the Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence.

All Directors have affirmed that they are not debarred from holding the office of a director by virtue of any SEBI order or any other such Authority and are not disqualified u/s 164(2) of the Companies Act, 2013. Further, Independent Directors have successfully registered themselves in the Independent Directors data bank maintained by Indian Institute of Corporate Affairs.

The Company has taken the certificate from M/s L. Gupta & Associates, Company Secretaries, that none of the directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as directors of companies by the Board/Ministry of Corporate Affairs or any such statutory authority. The Certificate is annexed to this Report as Annexure IV .

Further, in the opinion of the Board, the Independent Directors fulfill the conditions specified in Listing Regulations and they are independent of the management.

2) Board Evaluation

Pursuant to the provisions of Section 134(3)(p) of the Act and Regulation 4 of Listing Regulations, the Board has carried out an annual performance evaluation of its own performance, and the evaluation of the working of its Committees and directors. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

3) Remuneration Policy

The remuneration paid to the Directors is in line with the Nomination and Remuneration Policy formulated in accordance with Section 178 of the Act and Regulation 19 of the Listing Regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force).

The relevant Policy(ies) have been uploaded on the website of the Company and can be accessed through the link https://www.nurturewell.com/investor?company=industries&tab=disclosures-under-reg-46&disc-item=related-party-transactions-policy

4) Board/Committee Composition and Meetings

The details of composition of Board and Committee and their meetings held during the year are given in the Corporate Governance Report. The intervening gap between the meetings was within the period prescribed under the Act and the Listing Regulations.

5) Familiarization Programme and Separate meeting of Independent Directors.

During the financial year ended March 31, 2026, a separate meeting of the Independent Directors of the Company was held on May 28, 2025, without the attendance of Non-Independent Directors and the Management team.

During their meeting held on May 28, 2025, the Independent Directors discussed the matters specified in Schedule IV of the Act and Regulation 25 of the Listing Regulations.

The Familiarization p rogramme for Independent Directors is available at https://www.nurturewell.com/investor?company=industries&tab=disclosures-under-reg-46&disc-item=familiarization-programme-for-independent-directors

6) Audit Committee

This Committee comprises the following Directors viz. Mr. Saurabh Shashwat, Chairman of the Audit Committee, Mr. Paramjit Singh, Member of the Audit Committee and Mr. Suman Kumar, Member of the Audit Committee. The Company Secretary acts as the Secretary to the Committee. Details of the Audit Committee have been provided in Corporate Governance Report.

All the recommendations of the Audit Committee were accepted by the Board.

7) Directors Responsibility Statement

In terms of Section 134(5) of the Companies Act, 2013, the Directors would like to state and confirm:

(a) That in preparation of the annual financial statement for the year ended March 31, 2026, applicable accounting standards had been followed along with proper explanation relating to material departures if any;

(b) That such accounting policies have been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as of March 31, 2026, and of the profit of the Company for the year ended on that date;

(c) That proper and sufficient care has been taken in the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) That the annual accounts have been prepared on a going concern basis;

(e) Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by Group Management Team including audit of internal financial control over financial reporting, the Board is of the opinion that proper internal financial controls are in place and such internal financial controls are adequate and are operating effectively; and

(f) That proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and are operating effectively.

9) GOVERNANCE

1) Corporate Governance

The Company is committed to uphold the highest standards of Corporate Governance and to adhere to the requirements set out by the Securities and Exchange Board of India. A detailed report on Corporate Governance along with the Certificate from M/s L. Gupta & Associates, Company Secretaries confirming compliance with conditions of Corporate Governance as stipulated under Schedule V of the Listing Regulations forms an integral part of this Report.

2) Vigil Mechanism / Whistle Blower Policy

The Company has established a whistle blower policy and also established a mechanism for directors and employees to report their concerns. The details of the same are explained in the Corporate Governance Report. The Board of Directors based on the recommendation of the Audit Committee has amended the Whistle Blower Policy to inter alia, enable employees to report incidents of leak or suspected leak of unpublished price sensitive information in line with the changes made in the SEBI (Prohibition of Insider Trading) Regulations, 2015.

As per the Whistle Blower Policy implemented by the Company, the Employees, Directors, customers, dealers, vendors, suppliers, or any Stakeholders associated with the Company are free to report illegal or unethical behaviour, actual or suspected fraud or violation of the Companys Codes of Conduct or Corporate Governance Policies or any improper activity to the Chairman of the Audit Committee of the Company. During the year under review, no complaint pertaining to the Company was received under the Whistle Blower Policy. The Vigil Mechanism/Whistle Blower Policy is available at https://api.nurturewell.com/uploads/sections/section-doc-1774869544994-986928210.pdf

3) Risk Management

The Company has a Risk Management process which provides an integrated approach for managing the risks in various aspects of the business. The detailed framework is provided in the Management Discussion and Analysis Report.

4) Internal Financial Controls and their adequacy

Your Company has in place adequate internal financial controls with reference to the financial statements. The internal financial control system of the Company is supplemented with internal audits, regular reviews by the management and checks by external auditors. The Audit Committee ensures adequacy of the system. The Statutory Auditors of the Company also provide their opinion on the internal financial control framework of the Company.

During the year under review, no material or serious observation has been highlighted for inefficiency or inadequacy of such controls.

5) Disclosure under the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has complied with provisions relating to the constitution of Internal Committee, (formerly, Internal Complaints Committee) under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Internal Committee has been set up to redress the complaints received regarding sexual harassment. All employees are covered under this policy.

The following is the summary of the complaints received and disposed off during the financial year ended March 31, 2026:

a) No. of complaints filed during the financial year: Nil. b) No. of complaints disposed off during the financial year: Nil. c) Number of complaints pending as on end of the financial year: Nil

6) Maternity Benefit Provided by the Company Under Maternity Benefit Act 1961

The provisions of the Maternity Benefit Act, 1961 are not applicable to the Company, as the number of employees is less than ten. The Company shall ensure compliance with the applicable provisions of the Maternity Benefit Act, 1961 and other applicable laws, as and when the same become applicable to the Company.

As on the closure date of financial year, the number of employees of the Company as on March 31, 2026:

Male	6
Female	1
Transgender	-
Total	7

10) CORPORATE SOCIAL RESPONSIBILITY

As per Section 135 of the Act, everycompany having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee o f the Board consisting of three o r more Directors, o u t o f which at least one director shall be an independent director.

As the Company does not fall any criteria mentioned under section 135 of the Act. Accordingly, the provisions relating to Corporate Social Responsibility are not applicable to the Company for the financial year under review.

11) CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY

ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The information as per Section 134(3)(m) of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014 regarding Conservation of Energy, Research & Development, Technology Absorption and Foreign Exchange Earning and Outgo is annexed herewith as Annexure V.

12) BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORTING

Pursuant to Regulation 3 and Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated May 10, 2021 and SEBI Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated July 12, 2023, the top 1,000 listed entities based on market capitalization are required to submit a Business Responsibility and Sustainability Report ( BRSR ) as part of their Annual Report, covering environmental, social and governance (ESG) disclosures in the prescribed format.

Since the Company does not fall within the top 1,000 listed entities based on market capitalization as on March 31, 2026, the requirement to submit BRSR is not applicable to the Company for the financial year under review.

13) OTHER DISCLOSURES

1. Authorised Share Capital

The authorised share capital of the Company remained unchanged at Rs. 30,00,00,000 comprising 30,00,00,000 equity shares of Re. 1/- each

2. Paid Up Share Capital

As on March 31, 2026, the paid -up capital of the Company was Rs. 23,28,39,020/-. This comprises 23,28,39,020 equity shares of Re. 1/- each fully paid-up.

A. Allotment of 4,06,00,000 warrants convertible into equity

Pursuant to the approval of the shareholders obtained at the Extra-Ordinary General Meeting held on January 03, 2026, and upon receipt of the in-principle approval from BSE Limited vide its letter no. LOD/PREF/TT/FIP/1672/2025-26 dated February 11, 2026, the Board of Directors, at its meeting held on February 24, 2026, approved the allotment of 4,06,00,000 Warrants

3. Statutory Disclosures

None of the Directors of your Company are disqualified as per provisions of Section 164(2) of the Act. The Directors of the Company have made necessary disclosures as required under various provisions of the Act and the Listing Regulations.

4. Annual Return

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2026 is available o n the Companys website https://www.nurturewell.com/investor?company=industries&tab=disclosures-under-reg-46&disc-item=annual-return

5. Compliance of Secretarial Standards

During the financial year under review, the Company has complied with applicable Secretarial Standards on Board and General Meetings specified by the Institute of Company Secretaries of India pursuant to Section 118 of the Act.

6. Appointment of Independent Director in an unlisted material Subsidiary

Pursuant to Regulation 24 of the Listing Regulations, Mr. Saurabh Shashwat, Independent Director of the Company is an Independent Director (w.e.f. March 24, 2023) on the Board of Directors of Companys unlisted material subsidiary i.e. Nurture Well Foods Limited.

7. Material changes and commitments affecting the financial position of the Company

There have been no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year to which the financial statements relate and the date of this Report.

8. Significant and material orders

During the Financial Year 2025-26, there were no significant material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and the Companys operations in future. Further, no penalties have been levied by the SEBI or any other regulator during the year under review.

9. Listing

The equity shares of the Company are listed on BSE Limited. The Company has paid the requisite listing fees to the Stock Exchange.

The Company filed an application with the National Stock Exchange of India Limited (NSE) on May 21, 2026 for listing of its securities. The said application is presently pending consideration and approval by the NSE. The Company is awaiting the requisite approval from the NSE and shall take the necessary steps for listing of its securities upon receipt of such approval.

10. Maintenance of Cost Records

The maintenance of cost records as specified under Section 148(1) of the Companies Act, 2013 read with Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 is not applicable to the Company, as the business activity of the Company are not covered under the said Rules.

11. Chief Financial Officer (CFO) Certificate

In terms of the Listing Regulations, the certificate, as prescribed in Part B of Schedule II of the said Regulations, has been obtained from Mrs. Sheetal Soni, Chief Financial Officer, for the Financial Year 2025-2026 with regard to the Financial Statements and other matters. The said Certificate is attached herewith as Annexure A and forms part of Corporate Governance Report.

12. Any proceedings under the Insolvency and Bankruptcy Code, 2016

There are no proceedings initiated/pending against your Company under the Insolvency and Bankruptcy Code, 2016 which materially impact the business of the Company.

13. There were no instances where your Company required the valuation for one time settlement or while taking the loan from the Banks or Financial institutions.

No agreement was entered into by the shareholders, promoters, promoter group entities, related parties, directors, key managerial personnel, employees of the Company or of its holding, subsidiary or associate company, among themselves or with the Company or with a third party, solely or jointly, which, either directly or indirectly or potentially or whose purpose and effect is to, impact the management or control of the Company or impose any restriction or create any liability upon the Company, including disclosure of any rescission, amendment or alteration of such agreements thereto, whether or not the Company is a party to such agreements.

R. ACKNOWLEDGEMENTS AND APPRECIATION:

The Directors would like to express their sincere appreciation for the co-operation and assistance received from the Companys Bankers, Regulatory Bodies and Stakeholders including other business associates who have extended their valuable sustained support and encouragement during the year under review.

The Directors also wish to place on record their deep sense of gratitude and appreciation for the commitment displayed by executives, officers and staff at all levels of the Company, resulting in the successful performance of the Company during the year under review. We look forward to your continued support in the future.

For and on behalf of the Board of Directors of Nurture Well Industries Limited (Formerly Known as Integrated Industries Limited)

Sd/-	Sd/-
Saurabh Goyal	Sanidhya Garg
Managing Director	Executive Director
Place: Noida	Place: Noida
Date: September 01, 2026	Date: September 01, 2026