Nutraplus India Ltd Auditor Reports

To

The Board of Directors NUTRAPLUS INDIA LIMITED

Report On Audit of the Standalone Financial Results Qualified Opinion

We have audited the accompanying Statement of Standalone Financial Results of NUTRAPLUS INDIA LIMITED ("the Company") for the quarter and year ended 31st March 2026 ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, except for the possible effects of the matters described in the "Basis for Qualified Opinion" section below, the aforesaid Statement:

a) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

b) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the net profit for the quarter ended 31st March 2026 and net loss for the year ended 31st March 2026 and other financial information of the Company for the quarter and year ended 31st March 2026.

Basis for Qualified Opinion

i. Notice was issued by Saraswat Co-operative Bank Limited dated 18 February 2020 under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 for non-payment of principal and interest by the Company and accordingly all loan accounts became Non-Performing Assets effective from respective dates mentioned in such notice.

ii. The Company holds 33.58% shareholding in Techno Point Mercantile Private Limited. However, the Company has not prepared consolidated financial statements considering the said entity as an associate company in terms of Section 2(6) of the Companies Act, 2013 and applicable Indian Accounting Standards.

iii. With respect to Trade Receivables amounting to Rs. 33.54 Lakhs as at 31st March 2026, in absence of balance confirmations and other supporting audit evidence, we are unable to comment upon its recoverability.

iv. With respect to Other Current Assets amounting to Rs. 389.42 Lakhs as at 31st March 2026, in absence of confirmations, reconciliation and supporting evidence, we are unable to comment upon their recoverability.

v. With respect to Non-Current Borrowings amounting to Rs. 217.42 Lakhs as at 31st March 2026, in absence of confirmations and supporting evidence, we are unable to comment upon the completeness and accuracy of such balances.

vi. With respect to Trade Payables amounting to Rs. 847.37 Lakhs as at 31st March 2026, in absence of third-party confirmations and reconciliations, we are unable to comment upon the completeness and correctness of such balances.

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditors Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our qualified opinion.

Material Uncertainty Related to Going Concern

We draw attention to the accompanying financial results:

a) The Company incurred net loss of Rs. 34.01 Lakhs during the year ended 31st March 2026 and accumulated losses have resulted into complete erosion of net worth.

b) The Company has negative net worth of Rs. 569.02 Lakhs as at 31st March 2026.

c) The Company has lost all its Property, Plant and Equipment under SARFAESI proceedings and has discontinued substantially all business activities.

d) The Company has lost key employees in finance, accounts, legal, production and marketing functions.

e) The Company has defaulted in repayment obligations to banks and creditors.

These events and conditions indicate existence of material uncertainty that may cast significant doubt on the Companys ability to continue as a going concern.

Our opinion is not modified in respect of this matter.

Managements Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone financial statements.

The Companys Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/loss and total comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).

This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and

design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Management and Board of Directors are responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management and Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Companys financial reporting process.

Auditors Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing ("SAs") will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of the Companys internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.

• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companys ability to continue as a going concern. If we conclude that material uncertainty exists, we are required to draw attention in our auditors report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on audit evidence obtained upto the date of our auditors report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the standalone financial results of the Company to express an opinion on the standalone financial results.

Materiality is the magnitude of misstatements in the standalone financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in planning the scope of our audit work and in evaluating the results of our work and to evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended 31st March 2026 and 31st March 2025 being the balancing figures between the audited figures in respect of the full financial years ended 31st March 2026 and 31st March 2025 respectively and the published year-to- date figures up to the end of the third quarter of the respective financial years, which were subjected to limited review by us.