Other Than Bank Details

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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	20-May-2025
Description of presentation currency	INR (in Actuals)
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	tManufacturing and sale of animal feeds and hence no separate reportable segment
Start date and time of board meeting	27-May-2025 16:00:00
End date and time of board meeting	27-May-2025 17:45:00
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?	No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	No
(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	No
(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.	No
(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	2025-03-06
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
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-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Revenue From Operations
	Revenue from operations	430231000	849778000
	Other income	-12000	158000
	Total Income	430219000	849936000
2	Expenses
(a)	Cost of materials consumed	303876000	543155000
(b)	Purchases of stock-in-trade	62211000	120938000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-32702000	-10077000
(d)	Employee benefit expense	35823000	70721000
(e)	Finance costs	10631000	20510000
(f)	Depreciation and amortisation expense	-3416000	2111000
(g)	Other Expenses
1	Other Expense	32126000	54366000
	Total other expenses	32126000	54366000
	Total expenses	408549000	801724000
3	Profit before exceptional and extraordinary items and tax	21670000	48212000
4	Exceptional items	0	0
5	Profit before extraordinary items and tax	21670000	48212000
6	Extraordinary items	0	0
7	Profit before tax	21670000	48212000
8	Tax Expense
	Current tax	7181000	13938000
	Deferred tax	3805000	3805000
	Total tax expenses	10986000	17743000
9	Net Profit Loss for the period from continuing operations	10684000	30469000
10	Profit (loss) from discontinuing operations before tax	0	0
11	Tax expense of discontinuing operations	0	0
12	Net profit (loss) from discontinuing operation after tax	0	0
13	Profit (loss) for period before minority interest	10684000	30469000
14	Share of profit (loss) of associates
15	Profit (loss) of minority interest
16	Net profit (Loss) for the period	10684000	30469000
17	Details of equity share capital
	Paid-up equity share capital	14777151000000	14777151000000
	Face value of equity share capital	10	10
18	Reserves excluding revaluation reserve		0
19	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.72	2.06
	Diluted earnings (loss) per share from continuing and discontinued operations	0.72	2.06
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 aforementioned results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on May 27, 2025. The Statutory Auditors have carried out the audit for the half year ended and year ended 31st March, 2025 and issued unmodified report thereon. These results are available on the Company 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. 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 March 31, 2025. 7. The statement includes the results for the half year ended March 31,2025 being the balancing figures between the audited figures in respect of the full financial year ended March 31,2025 and the published unaudited year-to- date figures upyo 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
21	Debt service coverage ratio
22	Interest service coverage ratio

Cash flow statement — indirect
A	Date of start of reporting period	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025
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	48212000
2	Adjustments for reconcile profit (loss)
	Adjustments to profit (loss)
	Adjustments for finance costs	20510000
	Adjustments for depreciation and amortisation expense	2111000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0
	Adjustments for share-based payments	0
	Other adjustments for which cash effects are investing or financing cash flow	0
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments to profit (loss)	22621000
3	Adjustments for working capital
	Adjustments for decrease (increase) in inventories	-104779000
	Adjustments for decrease (increase) in trade receivables	9732000
	Adjustments for decrease (increase) in other current assets	2977000
	Adjustments for increase (decrease) in trade payables	26537000
	Adjustments for increase (decrease) in other current liabilities	-648000
	Adjustments for provisions	0
	Total adjustments for working capital	-66181000
	Total adjustments for reconcile profit (loss)	-43560000
	Net cash flows from (used in) operations	4652000
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	13938000
	Other inflows (outflows) of cash	-24582000
	Net cash flows from (used in) operating activities before extraordinary items	-33868000
	Proceeds from extraordinary items	0
	Payment for extraordinary items	0
	Net cash flows from (used in) operating activities	-33868000
4	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property plant and equipment	0
	Purchase of property plant and equipment	12046000
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	29955000
	Proceeds from government grants	0
	Net cash flows from (used in) investing activities before extraordinary items	17909000
	Proceeds from extraordinary items	0
	Payment for extraordinary items	0
	Net cash flows from (used in) investing activities	17909000
	Cash flows from used in financing activities
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	60838000
	Repayments of borrowings	27133000
	Dividends paid	0
	Interest paid	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-20510000

	Net cash flows from (used in) financing activities before extraordinary items	13195000
	Proceeds from extraordinary items	0
	Payment for extraordinary items	0
	Net cash flows from (used in) financing activities	13195000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-2764000
6	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-2764000
	Cash and cash equivalents cash flow statement at beginning of period	6734000
	Cash and cash equivalents cash flow statement at end of period	3970000

Statement of Asset and Liabilities
Particulars	Year ended (dd-mm-yyyy)
Date of start of reporting period	01-Apr-2024
Date of end of reporting period	31-Mar-2025
Whether results are audited or unaudited	Audited
Nature of report standalone or consolidated	Standalone
	Equity and liabilities
1	Shareholders' funds
	Share capital	147772000
	Reserves and surplus	291071000
	Money received against share warrants
	Total shareholders' funds	438843000
2	Share application money pending allotment	0
3	Deferred government grants
4	Minority interest
5	Non-current liabilities
	Long-term borrowings	5757000
	Deferred tax liabilities (net)
	Foreign currency monetary item translation difference liability account
	Other long-term liabilities	3685000
	Long-term provisions	5055000
	Total non-current liabilities	14497000
6	Current liabilities
	Short-term borrowings	199881000
	Trade Payables
	(A) Total outstanding dues of micro enterprises and small enterprises	41000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	84579000
	Total Trade payable	125579000
	Other current liabilities	8075000
	Short-term provisions	8535000
	Total current liabilities	342070000
	Total equity and liabilities	795410000
	Assets
1	Non-current assets
i	Property, Plant and Equipment and Intangible assets
	Property, Plant and Equipment	73577000
	Producing properties
	Intangible assets	647000
	Preproducing properties
	Property, Plant and Equipment capital work-in-progress	9505000
	Intangible assets under development or work-in-progress
	Total Property, Plant and Equipment and Intangible assets	83729000
ii	Non-current investments	0
v	Deferred tax assets (net)	3119000
vi	Foreign currency monetary item translation difference asset account
vii	Long-term loans and advances	47895000
viii	Other non-current assets	29165000
	Total non-current assets	163908000
	Current assets
	Current investments	0
	Inventories	515974000
	Trade receivables	97225000
	Cash and cash equivalents	3970000
	Bank balance other than cash and cash equivalents	0
	Short-term loans and advances	6114000
	Other current assets	8219000
	Total current assets	631502000
	Total assets	795410000
	Disclosure of notes on assets and liabilities

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
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-Oct-2024	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
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

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-Aug-2027

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising	Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	07-Feb-2024
Amount Raised	266560000
Report filed for Quarter ended	31-Mar-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	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	80000000	0	80000000	0	IPO amount was fully utilized 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. 222 Lakhs was funded by HDFC Bank Term Loans. The Board of Directors at their meeting held today, May 27, 2025, noted and approved the following: 1. Project Cost and Funding As communicated to NSE in our letter dated March 13, 2024, the total project cost was revised upward from Rs. 961 lakhs (as per the Prospectus dated January 25, 2024, of which Rs. 800 lakhs was to be funded from IPO proceeds) to Rs. 2,200 lakhs due to the expansion/enhancement of the Companys manufacturing capacity. The additional Rs. 1,239 lakhs was to be funded through fresh borrowings, IPO proceeds allocated under General Corporate Purposes, and internal accruals. The Company has arranged credit facilities of upto Rs. 1,200 lakhs from HDFC Bank, of which Rs. 222 lakhs has been utilized toward the project cost as of March 31, 2025. 2. Utilization of IPO Proceeds In our half-yearly disclosures for March 31, 2024, and September 30, 2024, the total IPO proceeds utilized toward the project cost were Rs. 668 lakhs and Rs. 800 lakhs, respectively. Unlike land acquisition, which involves a lump-sum payment, expenditures on building construction, civil works, and plant & machinery occur progressively as the project advances. Consequently, 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. 3.Further Cost Revisions Owing to the inherent uncertainties in large-scale construction and civil works, the project cost has increased by an additional Rs. 100 lakhsfrom Rs. 2,200 lakhs to Rs. 2,300 lakhsprimarily due to rising construction expenses (from Rs. 1,000 lakhs to Rs. 1,100 lakhs). Despite the Companys best efforts, further cost escalations may occur until project completion due to external factors beyond its control. 4.Project Implementation Timeline: The Board further noted that estimated timelines for the implementation of the proposed project of the Company has been further revised due to certain factors which are duly intimated to NSE on March 25, 2025. The Board at the said meeting further noted that pursuant to the proposed revision, there is no change in the IPO objects as stated in the Prospectus and the proposal is indeed for further expansion/improvisation over the project as planned in the Prospectus. Statement as per the SEBI Circulars is attached as Annexure A. Request to take the same on record.
2	Repayment of Certain Borrowings	No Change	61443000	0	60530000	0	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	60000000	0	60000000	0	Fully utilized
4	General Corporate Expenses	No Change	57117000	0	57117000	0	Fully utilized
5	To meet the expenses of the Issue	No Change	8000000	0	5889000	0

Signatory Details
Name of signatory	Ajay Makhija
Designation of person	Managing Director
Place	Indore
Date	27-May-2025

	Name	Name	Type of related party transaction	Details of other related party transaction		Remarks on approval by audit committee			Value of transaction during the reporting period	Opening balance	Nature of indebtedness (loan/ issuance of debt/ any other etc.)	Details of other indebtedness	Nature (loan/ advance/ intercorporate deposit/ investment )	Notes
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
Total value of transaction during the reporting period

INTEGRATED FILING — Other than Banks

General information about company

Financial Results — Other than Bank

Text Block

Remarks

Cash flow statement — indirect

Statement of Asset and Liabilities

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

Details of Impact of Audit Qualification

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

Signatory Details

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)