BSECompany Update27 Jul 2026 · 27 Jul 2026, 11:39 am
Please Find attached the Monitoring Agency Report for the quarter ended June, 30 2026.
Nurture Well Industries Ltd · 531889
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Nurture Well Industries Ltd has released a Monitoring Agency Report for the quarter ended June 30, 2026, in relation to the Preferential issue of convertible warrants aggregating to Rs. 114.69 Crore. The report confirms that there were no deviations from the objects of the issue.
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Nurture Well Industries Ltd - 531889 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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NURTURE WELL INDUSTRIES LIMITED
(Formerly Known as INTEGRATED INDUSTRIES LIMITED)
Corp. Off.: B-16, Second Floor, Sector-2, Noida 201301, U.P.
Mobile No. 9811060171, Email: compliance@nurturewell.com
CIN- L10719DL1995PLC277176
To Date: 27/07/2026
The Manager (Listing Department)
Bombay Stock Exchange Limited
P.J. Tower, Dalal Street,
Mumbai-400001
Scrip Code: 531889
Subject: Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to
the Preferential issue of Nurture Well Industries Limited.
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended, we are enclosing herewith Monitoring
Agency Report issued by Brickwork Ratings India Private Limited, Monitoring Agency for the
quarter ended June 30, 2026.
Kindly take the same on your records.
Thanking You,
Yours Faithfully
For Nurture Well Industries Limited
(Formerly known as Integrated Industries Limited)
Nurture \¥gll Industries Limitea
Direclor/Authorised Signatory
Priyanka
Company Secretary & Compliance Officer
M.No. A69893
Registered Office: B-14, First Floor, Right Side B-Portion, Chirag Enclave, Greater Kailash, Delhi-110048
Phone: 011-45511351 Fax: 011-45511351 « Website: www.nurturewell.com
Second Monitoring Agency Report
Nurture Well Industries Limited
(Formerly known as Integrated Industries
Limited)
for the quarter ended
June 30,2026
No. BWR/2026-27/IPM/NWIL/02
July 24, 2026
Mr. Saurabh Goyal
Managing Director,
Nurture Well Industries Limited
B-14, First Floor,
Right Side B-portion,
Chirag Enclave,
Greater Kailash, South Delhi,
New Delhi - 110048
Dear Sir,
Second Monitoring Agency Report for the quarter ended June 30,2026 - in relation to the
Preferential issue of convertible warrants of Nurture Well Industries Limited (formerly known
as Integrated Industries Limited) (“the Company”)
Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated December 19,
2025, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per
Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds from the funds raised,
for the quarter ended June 30,2026.
The funds raised by the Company were through Preferential issue of convertible warrants
aggregating to Rs. 114.69 Crore of the Company.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June
30,2026, as per Monitoring Agency Agreement dated December 10, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: Nurture Well Industries Limited
For quarter ended: June 30,2026
Name of the Monitoring Agency: Brickwork Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in
such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
after the MA submitting their report to the issuer and before dissemination of the report through stock
exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such
comments of the issuer’s Management/Board.
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
1) Issuer Details:
Name of the issuer: Nurture Well Industries Limited
Names of the promoter: Mr. Saurabh Goyal and Mr. Sanidhya Garg
Industry / sector to which it belongs: Investment Advisory
2) Issue Details:
Issue period: February 11, 2026 – February 26, 2026
Type of issue (public/ rights): Preferential issue
Type of specified securities: Convertible warrants
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 114.69
Value as per Total Amount
Total Number of
Particulars Price (₹) offer Document Received
Securities
(₹ Crore) (₹ Crore)
Convertible Warrants 4,06,00,000 28.25 114.69 28.67
Total 4,06,00,000 114.69 28.67
Note: 1. As of June 30,2026, the Company received Rs. 28.67 crore, representing 25% of the total
warrant issue proceeds of Rs. 114.69 crore.
2. Each warrant priced at Rs. 28.25 is convertible into, or exchangeable for, one (1) equity share
and the conversion can be carried out at any time within a period of 18 months from date of
allotment of warrants, in one or more tranches, as the case maybe, and on such other terms and
conditions as applicable.
3. During the quarter ending June 30, 2026, no further funds were received through convertible
warrants.
3. Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
information /
Comments Comments
certifications
of of
Particulars Reply considered by
Monitoring Board of
Monitoring Agency
Agency Directors
for preparation of
report
Bank Statements,
Invoices,
Whether all utilization is as per
Company’s Letter,
the disclosures in the Offer Yes Nil Nil
CA Certificate.
Document?
Board Resolution,
PAS 4
Whether shareholder approval
has been obtained in case of
material deviations# from Nil Nil Nil
Applicable
expenditures disclosed in the
Offer Document?
Whether the means of finance for
the disclosed objects of the issue No Nil Nil Nil
has changed?
Is there any major deviation
observed over the earlier
Applicable Nil Nil Nil
monitoring agency reports?
Whether all
Government/statutory approvals
Yes Company’s letter Nil Nil
related to the object(s) have been
obtained?
Whether all arrangements
pertaining to technical Not
Nil Nil Nil
assistance/collaboration are in Applicable
operation?
Are there any favourable events
improving the viabil
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