Neopolitan Pizza And Foods Ltd

AGM Details

• AGM held on Sep 30, 2026 via VC/OAVM, deemed venue at registered office.
• Started 01:00 PM IST and concluded 01:19 PM IST.

Ordinary Resolutions

• Adopt Audited Financial Statements for FY ended March 31, 2026.
• Re-appoint Arti Mukund Purohit (DIN 05186319) who retires by rotation.

Voting Results

• Voting results not disclosed in filing; to be disclosed later.

Director Changes

• Arti Mukund Purohit to be re-appointed; retires by rotation.

Neopolitan Pizza And Foods Limited — Trading Window closed from October 1, 2026 for the quarter ending on September 30, 2026; shall open after 48 hours from the declaration of Unaudited Financial Results for the quarter ending on September 30, 2026.

AGM Details

• AGM scheduled via VC/OAVM on 30 September 2026 at 1:00 PM IST.
• Deemed venue: Registered Office of the company.
• Register of Members and share transfer books closed 23 Sep 2026 to 30 Sep 2026.

Key Resolutions

• Adoption of Audited Financial Statements for FY ended 31 March 2026.
• Re-appointment of Arti Mukund Purohit as Director liable to retire by rotation.

Dividend

• Board did not recommend any dividend for FY 2025-26.

Director Changes

• Ashvin Chandel retired by rotation at the 14th AGM; vacancy not filled.
• Arti Mukund Purohit re-appointed as Executive Director.

Auditor Appointments

• Statutory Auditor: M/s VSSB & Associates.
• Internal Auditor: M/s K R & Associates.
• Secretarial Auditor: M/s Pooja M Patel & Associates.

Related Party Transactions

• Related party contracts were in ordinary course; no material RPTs disclosed.

IPO Proceeds Utilisation

• Auditors reported deviation in IPO proceeds utilisation of INR 408.50 lakhs toward working capital.

Financial performance

• Total income ₹2,963.54 lakhs; down from ₹5,126.10 lakhs.
• Revenue from operations stood at ₹2,952.68 lakhs.
• PBT ₹33.58 lakhs; depreciation ₹25.74 lakhs.
• Net profit after tax ₹20.39 lakhs; balance carried ₹274.22 lakhs.
• No dividend recommended for FY2025-26.
• IPO proceeds deviation ₹408.50 lakhs for working capital.
• Total income declined year-on-year.

Expansion and operations

• Pursued QSR expansion; 16 outlets targeted under IPO objects.
• 7 outlets operational; 4 under construction; others not established.
• Franchise partnerships expanded; focus on Gujarat and other markets.
• Vegetarian QSR offerings; brand development; franchise-led growth.

Capital structure & liquidity

• Paid-up equity capital ₹1.70 crore; no change.
• Bankers: HDFC Bank and YES Bank.
• Current ratio 10.89; debt-equity 0.01; DSCR 3.79.
• Net profit margin 0.69%; ROCE 1.25%.

Governance and board changes

• Shobhit Nagarkar appointed CEO from 13 Nov 2025.
• Arti Mukund Purohit to be reappointed; retires by rotation.
• Company Secretary Aditya Tillu resigned 22 Apr 2026.
• Five board meetings held in FY25-26.
• Statutory auditor: M/s VSSB & Associates; no qualifications.
• Secretarial auditor: Pooja M Patel & Associates.

Audits, controls and compliance

• Internal audit by M/s K R & Associates.
• Internal controls are adequate and operating effectively.
• Secretarial audit: no major non-compliances observed.
• CSR not applicable under Section 135.

IPO, funding and outlook

• IPO proceeds utilized; deviation ₹408.50 lakhs.
• Management focuses on franchise-led growth and digital ordering.

Industry context and risks

• Industry growth driven by urbanisation and convenience.
• Tier II/III expansion and asset-light franchise models planned.
• Risks include input cost volatility and competition; regulatory concerns.

Acquisition details

• Target: Neopolitan Pizza and Foods Limited.
• Disclosing party: Mukund Purohit (Promoter).
• Transaction type: Acquisition of 5,600 equity shares.
• Pre-holding: 7,930,240 shares (46.65%).
• Post-holding: 7,935,840 shares (46.68%).
• Mode and date: Open Market on 01/09/2026.
• Share capital: pre/post 17,00,00,000.

Meeting Details

• Date: 05 Sep 2026; Time: not disclosed; Venue: Registered office, Vadodara.

Key Agenda Items

• Approve AGM date, time, venue and Notice.
• Consider and approve Name Change proposal, subject to member approvals.
• Approve Directors’ Report for FY 2025-26 with annexures.

Other Notes

New Brand Launch

• Neopolitan Pizza and Foods Limited launched the healthy QSR brand "NEO FRANKIE" on 26 January 2026.
• NEO FRANKIE offers freshly prepared, nutritious Frankie variants targeting youth, professionals, and health-conscious consumers.
• The brand uses a low-investment, compact store format designed for rapid multi-city expansion.
• Franchise model targets first-time entrepreneurs and small investors with low capital and simplified operations.
• Franchise offering includes standardized menus and strong backend support for scalability.
• The launch enables entry into the fast-growing healthy wraps and quick-bite segment.