Italian Edibles Limited promoters have confirmed that no shares were encumbered during the financial year ended March 31, 2026. The declaration was submitted to the National Stock Exchange of India Limited by Akshay Makhija on behalf of the promoters and promoter group. This disclosure ensures compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing confirms that the promoters, along with persons acting in concert, did not create any direct or indirect encumbrance on the shares of Italian Edibles Limited during FY26. The declaration covers all individuals listed as promoters and members of the promoter group.

Promoter and Promoter Group Details

The list of individuals included in the declaration is as follows:

The document was addressed to the Listing & Compliance Department of the exchange and copied to the Chairperson and the Audit Committee of Italian Edibles Limited. The company was formerly known as Italian Edibles Private Limited.

Italian Edibles Limited reported a 32.2% increase in net profit to ₹402.88 crore for the financial year ended March 31, 2026, compared to ₹304.70 crore in the previous year. Revenue from operations grew 17.1% to ₹9,952.75 crore from ₹8,497.78 crore in FY25. The board approved the audited financial results for the half year and full year ended March 31, 2026 at its meeting held on May 27, 2026. The statutory auditors, Maheshwari & Gupta, issued an unmodified opinion on the financial results and a certificate of utilization of funds for the Initial Public Offering (IPO).

The company’s profit before tax for FY26 stood at ₹506.46 crore, up from ₹482.12 crore in the prior year. Earnings per share (EPS) increased to ₹2.73 from ₹2.06. For the half year ended March 31, 2026, the company recorded a net profit of ₹135.04 crore on revenue of ₹5,368.54 crore.

Financial Performance

The following table summarizes the audited financial results for the year ended March 31, 2026:

IPO Fund Utilization

The board reviewed the utilization of proceeds from the IPO, which raised ₹2,665.60 lakh. The total utilized amount stood at ₹2,635.36 lakh as of March 31, 2026. Funds were deployed towards setting up a manufacturing unit, repaying borrowings, meeting working capital needs, and general corporate expenses.

The project cost for the proposed manufacturing unit was revised upward due to expansion plans. The company utilized ₹1,199.96 lakh from HDFC Bank term loans and internal accruals to bridge the funding gap. An additional payment of ₹95.14 lakhs was made towards construction from internal accruals during the half year ended March 31, 2026. There was no deviation in the use of proceeds from the objects stated in the offer documents.