INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol ITALIANE
MSEI Symbol NOTLISTED
ISIN INE0R7R01018
Name of Company ITALIAN EDIBLES LIMITED
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Manufacturing and sale of confectionary and other related products
Start date and time of board meeting 13-11-2025   15:00:00
End date and time of board meeting 13-11-2025   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 30-07-2025
Indicate Company website link for updated RPT policy of the Company https://www.ofcoursegroup.com/policies-code/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 4,584.21 4,584.21
Other income 1.93 1.93
Total Income 4,586.14 4,586.14
2 Expenses
(a) Cost of materials consumed 2,442.92 2,442.92
(b) Purchases of stock-in-trade 586.44 586.44
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 360.55 360.55
(d) Employee benefit expense 412.16 412.16
(e) Finance costs 117.54 117.54
(f) Depreciation and amortisation expense 18.78 18.78
(g) Other Expenses
1 Other Expense 292.47 292.47
Total other expenses 292.47 292.47
Total expenses 4,230.86 4,230.86
3 Profit before exceptional and extraordinary items and tax 355.28 355.28
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 355.28 355.28
6 Extraordinary items 0.00 0.00
7 Profit before tax 355.28 355.28
8 Tax Expense
Current tax 87.44 87.44
Deferred tax 0.00 0.00
Total tax expenses 87.44 87.44
9 Net Profit Loss for the period from continuing operations 267.84 267.84
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 267.84 267.84
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 267.84 267.84
17 Details of equity share capital
Paid-up equity share capital 14,77,71,510.00 14,77,71,510.00
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.81 1.81
Diluted earnings (loss) per share from continuing and discontinued operations 1.81 1.81
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


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Textual Information(1) 1.The aforementioned unaudited financial results for the half year ended September 30, 2025, have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on November 13, 2025. The Company's Statutory Auditor have expressed an unmodified opinion on the aforesaid results. The results are available on the Company's website. 2.The above audited financial results of the Company have been prepared in accordance with the recognition and measurement principles set forth in the applicable Accounting Standards (AS) as prescribed under the Companies Act, 2013, as amended, read with the relevant rules thereunder, and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the above standalone results have been reviewed by the Statutory Auditors of the Company for the half year ended September 30, 2025. 3.In accordance with Accounting Standard 17 on Segment Reporting (AS 17), the Company has only one reportable segment, namely the Confectionery Business. 4.Pursuant to the MCA notification dated February 16, 2015, companies whose shares are listed on the SME exchange, as referred to in Chapter IX of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, are exempt from the mandatory requirement of adopting IND-AS. 5.Earnings per share are calculated based on the weighted average of the share capital outstanding during the year. The EPS for the half-year/period is not annualized. 6.There are no investor complaints pending as of September 30, 2025. 7.The statement includes the results for the half year ended March 31, 2025 being the balancing figures between the unaudited figures in respect of the full financial year ended March 31, 2025 and the published unaudited year-to- date figures upto the first half year of the previous financial year. 8.The figures for the previous period/year have been regrouped/reclassified/re-arranged, wherever necessary, to correspond with the current period's classification/disclosure/comparable. . Notes of the Cash Flow Statements: 1. The Cash Flow Statement has been prepared by the indirect method as per AS-3 issued by ICAI 2. Figures of previous year have been rearranged/regrouped whenever required 3. Figures in brackets are ouflow/deductions


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 355.28
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 117.54
Adjustments for depreciation and amortisation expense 18.78
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 136.32
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (513.49)
Adjustments for decrease (increase) in trade receivables (327.25)
Adjustments for decrease (increase) in other current assets 80.22
Adjustments for increase (decrease) in trade payables 479.23
Adjustments for increase (decrease) in other current liabilities 126.68
Adjustments for provisions 0.00
Total adjustments for working capital (154.61)
Total adjustments for reconcile profit (loss) (18.29)
Net cash flows from (used in) operations 336.99
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 87.44
Other inflows (outflows) of cash 44.90
Net cash flows from (used in) operating activities before extraordinary items 294.45
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities 294.45
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 0.00
Purchase of property plant and equipment 958.26
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (958.26)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (958.26)
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,197.04
Repayments of borrowings 401.81
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (117.54)
Net cash flows from (used in) financing activities before extraordinary items 677.69
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 677.69
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 13.88
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 13.88
Cash and cash equivalents cash flow statement at beginning of period 39.70
Cash and cash equivalents cash flow statement at end of period 53.58


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,477.72
Reserves and surplus 3,178.55
Money received against share warrants
Total shareholders' funds 4,656.27
2 Share application money pending allotment 0.00
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 1,254.61
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities 36.85
Long-term provisions 59.65
Total non-current liabilities 1,351.11
6 Current liabilities
Short-term borrowings 1,597.00
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 1,061.89
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 673.13
Total Trade payable 1,735.02
Other current liabilities 207.43
Short-term provisions 69.50
Total current liabilities 3,608.95
Total equity and liabilities 9,616.33
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 728.21
Producing properties
Intangible assets 5.81
Preproducing properties
Property, Plant and Equipment capital work-in-progress 1,042.74
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 1,776.76
ii Non-current investments 0.00
v Deferred tax assets (net) 31.19
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 408.21
viii Other non-current assets 307.94
Total non-current assets 2,524.10
Current assets
Current investments 0.00
Inventories 5,673.23
Trade receivables 1,299.50
Cash and cash equivalents 53.58
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 63.95
Other current assets 1.97
Total current assets 7,092.23
Total assets 9,616.33
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 07-02-2024
Amount Raised 2,665.60
Report filed for Quarter ended 30-09-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Setting up of the proposed manufacturing Unit No Change 800.00 0.00 800.00 0.00 IPO amount was fully utilized (*Subject to temporary re-allocation as detailed herein) and there was an increased allocation over and above IPO objects, for further expansion, by other means. The additional fund utilization to the tune of Rs. 190 Lakhs was funded from General Corporate Purposes and Rs. 1082.59 lakhs was funded by HDFC Bank Term Loans. (An additional payment of Rs 54.80 lakhs was made towards construction from Internal Accruals during the period ended September 30, 2025. *It is to be noted that a portion of the IPO proceeds initially allocated to specific sub-heads (as per the Prospectus) has been temporarily utilized for other project-related expenses. The Company will reallocate funds from internal accruals or borrowings as needed for respective sub-heads, minimizing reliance on debt to reduce borrowing costs.
2 Repayment of Certain Borrowings No Change 614.43 0.00 605.30 0.00 The amount disclosed in the prospectus was 614.43 Lakhs as on January 25, 2024. However, subsequent to the Public Issue, the amount outstanding was reduced to Rs. 605.30 Lakhs only and accordingly the entire Borrowings of Rs. 605.30 Lakhs was paid and fully closed.
3 To meet incremental working capital requirements No Change 600.00 0.00 600.00 0.00 Fully utilized
4 General Corporate Expenses No Change 571.17 0.00 571.17 0.00 Fully utilized
5 To meet the expenses of the Issue No Change 80.00 0.00 58.89 0.00


Signatory Details

Name of signatory Ajay Makhija
Designation of person Managing Director
Place Indore
Date 13-11-2025


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 ITALIAN EDIBLES LIMITED Anjali Makhija Sister of Director & CEO Akshay Makhija Remuneration 12.00 NA 4.80 0.76 0.80
2 ITALIAN EDIBLES LIMITED Meenakshi Makhija Wife of Managing Director Ajay Makhija Remuneration 6.00 NA 2.40 0.40 0.40
3 ITALIAN EDIBLES LIMITED Nishma Vaswani Wife of Director & CEO Akshay Makhija Remuneration 7.20 NA 3.00 1.00 0.50
4 ITALIAN EDIBLES LIMITED Harshvardhan Makhija Brother of Manging Director Ajay Makhija Remuneration 1.20 NA 0.30 0.30 0.00
5 ITALIAN EDIBLES LIMITED Naveen Makhija Brother of Manging Director Ajay Makhija Remuneration 7.20 NA 3.50 0.50 0.50
6 ITALIAN EDIBLES LIMITED Satyanaryan Rawat Key Managerial Personnel Remuneration NA 4.34 0.70 0.77
7 ITALIAN EDIBLES LIMITED Dhruvi Gandhi Key Managerial Personnel Remuneration NA 2.40 0.40 0.40
8 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Purchase of goods or services 2,500.00 NA 229.51 0.00 0.00
9 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Sale of goods or services 2,500.00 NA 537.60 82.27 125.92
10 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Advance 100.00 NA 42.10 55.27 13.17
11 ITALIAN EDIBLES LIMITED Akshay Makhija Director and CEO Remuneration 72.00 NA 30.00 0.10 2.94
12 ITALIAN EDIBLES LIMITED Ajay Makhija Managing Director Remuneration 72.00 NA 30.00 0.97 4.20
13 ITALIAN EDIBLES LIMITED Meenakshi Makhija Wife of Managing Director Ajay Makhija Any other transaction Rent Paid for the factory by Company 6.00 As per agreement based on market benchmark 1.32 0.00 0.00
14 ITALIAN EDIBLES LIMITED Akshay Makhija Director and CEO Any other transaction Rent Paid for the factory by Company 6.00 As per agreement based on market benchmark 1.32 0.02 0.05
15 ITALIAN EDIBLES LIMITED AjayMakhija Managing Director Any other transaction Rent Paid for the factory by Company 6.00 As per agreement based on market benchmark 2.65 0.09 0.15
16 ITALIAN EDIBLES LIMITED Akshay Makhija Director and CEO Loan NA 2.90 4.70 0.30 Textual Information(1)
Total value of transaction during the reporting period 898.14



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Textual Information(1) Loan recevied from Director of the Company