Italian Edibles amends fair disclosure code to align with SEBI norms

Italian Edibles Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to align with regulatory updates. The Board of Directors approved the changes at a meeting held on May 27, 2026, based on the recommendation of the Audit Committee. The amendments ensure compliance with the modified provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The revised code establishes a framework to prevent insider trading by regulating, monitoring, and reporting trading activities by employees and connected persons. It mandates the prompt public disclosure of Unpublished Price Sensitive Information (UPSI) that impacts price discovery, ensuring uniform dissemination to avoid selective disclosure. The company has designated a senior officer as the Chief Investor Relations Officer (CIRO) to oversee the dissemination of UPSI and ensure compliance with continuous disclosure requirements.

Key Provisions of the Amended Code

The code outlines specific principles for fair disclosure and handling of UPSI. It requires that information shared with analysts and research personnel must not be UPSI. The CIRO is responsible for verifying market rumours and making necessary public announcements. In the event of an accidental disclosure of UPSI without prior approval, the responsible person must inform the CIRO immediately to ensure prompt public dissemination.

Version History

The document details the evolution of the code to reflect regulatory changes over time.

Version	Date	Notes
1.0	September 25, 2023	First version of the document
2.0	March 06, 2025	To align with amendments in SEBI PIT Regulations 2015 dated December 04, 2024.
3.0	May 27, 2026	To align with amendments in SEBI PIT Regulations 2015 dated June 10, 2025

The amended code has been submitted to the National Stock Exchange of India Limited and is available on the company's official website. The provisions of this code must be read in conjunction with the SEBI (Prohibition of Insider Trading) Regulations, 2015, with the latter prevailing in case of any inconsistency.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.41%	-0.99%	-7.89%	+12.90%	-9.68%	-39.39%

Italian Edibles Limited has submitted an intimation to the National Stock Exchange of India regarding the revision of the implementation timeline for its proposed projects. The communication, dated April 24, 2026, references the company's Prospectus dated January 25, 2024, and previous communications on March 13, 2024, March 25, 2025, and December 31, 2025.

Project Timeline Revision

The company has outlined the revised timeline for various project components along with the rationale for the changes. The land purchase has already been completed on March 29, 2024, with all related procedures finalized.

Particulars	Estimated month of Commencement	Estimated/ Actual month of Completion	Rationale for Revision/ Change
Purchase of Land	-	-	The Company has already purchased the land and completed all the procedures relating thereto on March 29, 2024.
Construction of building and civil works	Commenced w.e.f. March 15, 2025	October 2026	Fluctuations in iron prices, supply chain disruptions (including delays in PEB steel and shortages of skilled labor), adverse weather conditions such as heavy rainfall and flooding, regulatory clearance delays, temporary suspension of stone mining activities by the Madhya Pradesh Government, and logistics challenges collectively impacted the pace of construction activities.
Purchase and shifting of plant and machineries	January 2026	November 2026	Due to delay in commencement and completion of construction of building and civil works for reasons stated herein above
Installation and erection of plant and machineries	March 2026	December 2026	-
Commercial production	January 2027	-	-

Factors Impacting Project Progress

The company identified multiple factors that have affected the pace of construction activities. These include fluctuations in iron prices, supply chain disruptions involving delays in PEB steel and shortages of skilled labor, and adverse weather conditions including heavy rainfall and flooding. Additionally, regulatory clearance delays, temporary suspension of stone mining activities by the Madhya Pradesh Government, and logistics challenges have contributed to the revised timeline.

The communication was signed by Ajay Makhija, Managing Director of italian edibles , with DIN 02847288. The company's NSE symbol is ITALIANE and ISIN is INE0R7R01018.