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 27-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing and sale of confectionary and other related products
Start date and time of board meeting 27-05-2026   15:00:00
End date and time of board meeting 27-05-2026   17:15:00
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 Declaration of unmodified opinion
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 27-05-2026
Indicate Company website link for updated RPT policy of the Company https://www.ofcoursegroup.com/investor-relation/#policies
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 5,368.54 9,952.75
Other income 24.47 26.40
Total Income 5,393.01 9,979.15
2 Expenses
(a) Cost of materials consumed 4,329.63 6,772.55
(b) Purchases of stock-in-trade 72.27 658.71
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (215.36) 145.19
(d) Employee benefit expense 471.89 884.05
(e) Finance costs 171.01 288.55
(f) Depreciation and amortisation expense 20.19 38.97
(g) Other Expenses
1 Other expenses 392.20 684.67
Total other expenses 392.20 684.67
Total expenses 5,241.83 9,472.69
3 Profit before exceptional and extraordinary items and tax 151.18 506.46
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 151.18 506.46
6 Extraordinary items 0.00 0.00
7 Profit before tax 151.18 506.46
8 Tax Expense
Current tax 42.70 130.14
Deferred tax (26.56) (26.56)
Total tax expenses 16.14 103.58
9 Net Profit Loss for the period from continuing operations 135.04 402.88
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 135.04 402.88
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 135.04 402.88
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 0.00
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.91 2.73
Diluted earnings (loss) per share from continuing and discontinued operations 0.91 2.73
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) 1.The abovefinancial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May, 2026. The Statutory Auditors have carried out the audit for the half year ended and year ended 31st March, 2026 and issued unmodified report thereon. These results are available on the Company's Website. 2. The audited financial results of the Company have been prepared in accordance with accounting standards as prescribed under section 133 of Companies Act, 2013 read with relavant rules thereunder and in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015. The compliance relating to INDAS is not applicable on the Company since the company got listed on SME platform on NSE. 3.  In accordance with Accounting Standard 17 on Segment Reporting (AS 17), the Company has only one reportable segment, namely the Confectionery Business. 4.As the Company has listed on the Emerge platform of the National Stock Exchange of India Limited (NSE EMERGE) w.e.f 12hFeburary 2024, the Company has prepared the financial results for the half year ended 30th September, 2025 and year ended on 31st March, 2026. 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 March 31, 2026. 7.The Statement includes the results for the half year ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the first half year of the current 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


Remarks

20 Debt equity ratio Textual Information(1)
21 Debt service coverage ratio Textual Information(2)
22 Interest service coverage ratio Textual Information(3)


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
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 506.46
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 288.55
Adjustments for depreciation and amortisation expense 38.97
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) (1.23)
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) 326.29
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (945.61)
Adjustments for decrease (increase) in trade receivables (197.10)
Adjustments for decrease (increase) in other current assets 14.26
Adjustments for increase (decrease) in trade payables 644.72
Adjustments for increase (decrease) in other current liabilities 84.72
Adjustments for provisions 0.00
Total adjustments for working capital (399.01)
Total adjustments for reconcile profit (loss) (72.72)
Net cash flows from (used in) operations 433.74
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 130.14
Other inflows (outflows) of cash (487.47)
Net cash flows from (used in) operating activities before extraordinary items (183.87)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (183.87)
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 1,190.74
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets (1.45)
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 (1,189.29)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (1,189.29)
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 186.15
Repayments of borrowings (1,519.25)
Dividends paid 14.78
Interest paid 288.55
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items 1,402.07
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 1,402.07
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 28.91
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 28.91
Cash and cash equivalents cash flow statement at beginning of period 39.70
Cash and cash equivalents cash flow statement at end of period 68.61


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 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,477.72
Reserves and surplus 3,298.80
Money received against share warrants 0.00
Total shareholders' funds 4,776.52
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 1,576.82
Deferred tax liabilities (net) 0.00
Foreign currency monetary item translation difference liability account
Other long-term liabilities
1 Other long term liabilities 21.85
Total of Other long-term liabilities 21.85
Long-term provisions 59.64
Total non-current liabilities 1,658.31
6 Current liabilities
Short-term borrowings 2,184.96
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 670.21
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,230.31
Total Trade payable 1,900.52
Other current liabilities
1 Other current liabilities 165.47
Total of Other long-term liabilities 165.47
Short-term provisions 117.15
Total current liabilities 4,368.10
Total equity and liabilities 10,802.93
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 721.43
Producing properties 0.00
Intangible assets 4.98
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 1,262.42
Intangible assets under development or work-in-progress 0.00
Total Property, Plant and Equipment and Intangible assets 1,988.83
ii Non-current investments 0.00
v Deferred tax assets (net) 57.75
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 853.25
Other non-current assets
1 Other non current asset 418.72
Total of Other non-current assets 418.72
Total non-current assets 3,318.55
Current assets
Current investments 0.00
Inventories 6,105.35
Trade receivables 1,169.35
Cash and cash equivalents 68.61
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 73.15
Other current assets
1 Other current asset 67.92
Total of Other current assets 67.92
Total current assets 7,484.38
Total assets 10,802.93
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1) Textual Information(1)


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 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
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




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Maheshwari & Gupta Yes 31-08-2027


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 31-03-2026
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 Not Applicable
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. 1199.96 lakhs was funded by HDFC Bank Term Loans. An additional payment of Rs 95.14 lakhs was made towards construction from Internal Accruals during the half year ended March 31, 2026. *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 27-05-2026


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 1.60 1.60
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 0.50 0.50
4 ITALIAN EDIBLES LIMITED Naveen Makhija Brother of Managing Director Ajay Makhija Remuneration 7.20 NA 3.00 0.50 0.50
5 ITALIAN EDIBLES LIMITED Satyanaryan Rawat Key Managerial Personnel Remuneration 18.00 NA 4.62 0.77 0.77
6 ITALIAN EDIBLES LIMITED Dhruvi Gandhi Key Managerial Personnel Remuneration 12.00 NA 4.13 0.40 0.52
7 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Purchase of goods or services 2,500.00 NA 0.00 0.00 0.00
8 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Sale of goods or services 2,500.00 NA 0.00 125.92 125.92
9 ITALIAN EDIBLES LIMITED Nutrabella Foods LLP Director & CEO Akshay Makhija is Partner Advance 100.00 NA 0.00 13.17 13.17
10 ITALIAN EDIBLES LIMITED Akshay Makhija Director and CEO Remuneration 72.00 NA 30.00 2.94 3.80
11 ITALIAN EDIBLES LIMITED Ajay Makhija Managing Director Remuneration 72.00 NA 30.00 4.20 3.70
12 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 0.00 1.32 0.00
13 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 2.78 0.13 0.00
14 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 0.15 0.00
15 ITALIAN EDIBLES LIMITED Akshay Makhija Director and CEO Loan 250.00 NA 102.68 0.30 84.14
16 ITALIAN EDIBLES LIMITED AjayMakhija Managing Director Loan 250.00 NA 53.31 1.41 54.68
Total value of transaction during the reporting period 243.37