Pursuant to Regulation 30 and other applicable provisions of Listing Regulations, we hereby inform you that Neopolitan Pizza and Foods Limited ('the Company') has entered into an agreement ....
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Neopolitan Pizza and Foods Ltd, listed on the BSE SME platform since October 2024, has entered into a procurement agreement with Sheetal Cool Products Ltd (a listed FMCG company on BSE and NSE) signed on February 28, 2025, under which it will source ice cream, milk products, bakery items, sweets and namkeen for distribution in India and overseas. The company has opened three new corporate-owned outlets in Somnath and Vadodara, and signed new franchise agreements in Ahmedabad, Jaipur and Bangalore, with the Bangalore outlet targeted to open by end-July 2025 marking its South India debut. It has also launched a health-focused millet-based cookie line called 'BEBE's MAGIC' in Jowar, Bajra and Ragi variants with jaggery. The company is actively pursuing additional franchise agreements across Uttarakhand, Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan and Gujarat as part of a pan-India expansion drive.
The deal with an established listed FMCG player and the multi-state franchise rollout point to revenue diversification and scaling, though Neopolitan remains a small BSE SME-listed company with execution risk on its aggressive expansion. Shareholders should track revenue traction from new outlets and the Sheetal Cool Products supply arrangement in upcoming quarters.