ITALIANE2024-10-012025-03-31ITALIANE2025-03-31ITALIANE2024-03-31ITALIANE2024-04-012025-03-31ITALIANE2024-10-012025-03-31in-capmkt:OtherExpenses1MemberITALIANE2024-04-012025-03-31in-capmkt:OtherExpenses1MemberITALIANE2024-10-012025-03-31AuditorDomain1ITALIANE2025-03-31Statement1ITALIANE2024-10-012025-03-31Statement1ITALIANE2025-03-31StatementDynamic1I1Statement1ITALIANE2025-03-31StatementDynamic1I2Statement1ITALIANE2025-03-31StatementDynamic1I3Statement1ITALIANE2025-03-31StatementDynamic1I4Statement1ITALIANE2025-03-31StatementDynamic1I5Statement1iso4217:INRiso4217:INRxbrli:shares000000ITALIANENOTLISTEDINE0R7R01018ITALIAN EDIBLES LIMITEDSMEEquity2024-04-012025-03-312025-05-272025-05-20INRLakhsHalf YearlyYearlySingle segment Manufacturing and sale of animal feeds and hence no separate reportable segment2025-05-2716:00:002025-05-2717:45:00trueCash Flow IndirectDeclaration of unmodified opinionfalsefalseNoNofalsetrue2025-03-06https://www.ofcoursegroup.com/policies-code/true1falseNot Applicable2024-10-012025-03-31AuditedStandalone430231000-1200043021900030387600062211000-327020003582300010631000-34160003212600040854900021670000021670000021670000718100038050001098600010684000000106840001068400014777151000000100.720.721.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. <BR> 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. <BR> 3.In accordance with Accounting Standard 17 on "Segment Reporting" (AS 17), the Company has only one reportable segment, namely the Confectionery Business. <BR> 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. <BR> 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. <BR> 6.There are no investor complaints pending as of March 31, 2025. <BR> 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. <BR> 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.2024-04-012025-03-31AuditedStandalone849778000158000849936000543155000120938000-1007700070721000205100002111000543660008017240004821200004821200004821200013938000380500017743000304690000003046900030469000147771510000001002.062.06Other Expense32126000Other Expense543660001477720002910710004388430000575700036850005055000144970001998810004100000084579000125579000807500085350003420700007954100007357700064700095050008372900003119000478950002916500016390800005159740009722500039700000611400082190006315020007954100002051000021110000000000022621000-1047790009732000297700026537000-6480000-66181000-43560000465200000013938000-24582000-3386800000-33868000000000000120460000000000002995500001790900000179090000006083800027133000000-20510000131950000013195000-27640000-276400067340003970000AuditedtrueM/s. Maheshwari & Guptatrue2027-08-31Public Issues2024-02-072665600002025-03-31falsefalseNot ApplicableNo CommentsNo CommentsAjay MakhijaManaging DirectorIndore2025-05-27Setting up of the proposed manufacturing UnitNo Change800000000800000000IPO 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. <br></br> <br></br> <br></br> The Board of Directors at their meeting held today, May 27, 2025, noted and approved the following: <br></br> <br></br> 1. Project Cost and Funding <br></br> 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. <br></br> <br></br> 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. <br></br> <br></br> 2. Utilization of IPO Proceeds <br></br> 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. <br></br> <br></br> <br></br> Unlike land acquisition, which involves a lump-sum payment, expenditures on building construction, civil works, and plant & machinery occur progressively as the project advances. <br></br> <br></br> 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. <br></br> <br></br> 3.Further Cost Revisions <br></br> 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. <br></br> <br></br> 4.Project Implementation Timeline: <br></br> 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. <br></br> <br></br> 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. <br></br> <br></br> Statement as per the SEBI Circulars is attached as Annexure A. Request to take the same on record. <br></br> Repayment of Certain BorrowingsNo Change614430000605300000The 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.To meet incremental working capital requirementsNo Change600000000600000000Fully utilizedGeneral Corporate ExpensesNo Change571170000571170000Fully utilizedTo meet the expenses of the IssueNo Change8000000058890000