With reference to your email dated 14.11.2025 at 07:19 p.m. informing that the outcome is received without intimation, we would like to enclose outcome of the Board meeting held on 13.11.2025 ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its meeting on November 13, 2025, approved the unaudited financial results for the half year ended September 30, 2025, and appointed Mr. Shobhit Nagarkar as CEO and Mr. Aditya Tillu as Company Secretary & Compliance Officer. Revenue from operations fell to Rs. 1,311.56 lakhs from Rs. 1,666.31 lakhs in the same period last year, a drop of about 21%. Net profit collapsed to Rs. 5.85 lakhs (EPS Rs. 0.03) from Rs. 82.90 lakhs (EPS Rs. 0.75), while operating cash flow was negative at Rs. (80.42) lakhs. The auditors flagged that Rs. 250 lakhs of IPO proceeds remain unutilized, only 4 of 16 planned new QSR outlets have been opened, and Rs. 224.18 lakhs meant for outlets was diverted to working capital – a clear deviation from the IPO offer document. The filing was originally submitted without proper intimation and had to be re-filed on November 15, 2025.
Negative for shareholders: revenue and profits have shrunk sharply, IPO funds are not being used as promised to investors, and the company is burning cash from operations. The foreign subsidiary 'NEOINDIAN PIZZA INC' in the US is also not being consolidated, which raises transparency concerns.