Company Overview
Nurture Well Industries Limited (formerly Integrated Industries Limited) has published its audited consolidated financial statements for FY 2025-26 and announced its 40th Annual General Meeting scheduled for September 30, 2026. The company operates through its material subsidiary Nurture Well Foods Limited (biscuit manufacturing) and step-down subsidiary Nurture Well LLC (overseas trading).
Financial Performance Highlights
Nurture Well Industries delivered strong consolidated results for FY 2025-26 with revenue from operations growing 34% to ₹1,025.25 crore from ₹765.67 crore in the previous year. Net profit increased 47% to ₹99.73 crore from ₹67.82 crore. The overseas trading segment (Nurture Well LLC) was the primary growth driver, contributing ₹894.97 crore in revenue, while the domestic manufacturing segment (Nurture Well Foods Limited) generated ₹130.28 crore.
Segment-wise performance showed Overseas EBITDA of ₹80.34 crore and India EBITDA of ₹11.35 crore. The consolidated balance sheet strengthened with total assets at ₹562.93 crore (up from ₹483.21 crore) and total equity of ₹432.63 crore (up from ₹304.22 crore). Cash flow from operations was negative at ₹(22.15) crore due to working capital investments, while financing activities generated ₹41.25 crore primarily from the preferential issue.
Corporate Actions and AGM Agenda
The company completed a preferential issue of 4.06 crore warrants at ₹28.25 per warrant in February 2026, raising ₹28.67 crore (25% of issue size). A special resolution seeks shareholder approval to reallocate the unutilized ₹86.02 crore from subsidiary working capital to the company's own working capital requirements, reflecting business realignment toward food products trading.
The 40th AGM agenda includes approval for material related party transactions with Nurture Well Foods Limited aggregating up to ₹450 crore - comprising operational transactions (₹150 crore) and financial assistance (₹300 crore outstanding limit). These transactions aim to achieve operational efficiencies and supply chain synergies within the group.
Subsidiary Performance
Nurture Well Foods Limited (80% subsidiary) reported standalone turnover of ₹130.28 crore with PAT of ₹6.80 crore and net worth of ₹145.84 crore. Nurture Well LLC (100% subsidiary) generated ₹894.97 crore revenue with PAT of ₹80.32 crore. The group structure supports integrated operations across manufacturing and trading segments.
Corporate Governance and Compliance
The Board comprises 6 directors (2 executive, 3 independent, 1 non-executive non-independent) with 12 meetings held during FY25-26. Key managerial personnel include Saurabh Goyal (Managing Director), Sanidhya Garg (Executive Director), Sheetal Soni (CFO), and Priyanka (Company Secretary). Statutory auditors Prem Gupta & Co. issued an unmodified opinion on the financial statements.
Shareholder voting for the AGM will be conducted through remote e-voting from September 27-29, 2026, with physical meeting via video conferencing. The company has maintained promoter shareholding at 53.81% as of March 31, 2026, with no dividend recommended for the fiscal year.