Neopolitan Pizza and Foods Limited held its 15th Annual General Meeting (AGM) on September 30, 2026. The company adopted its audited financial statements for the fiscal year ended March 31, 2026, during the virtual session.

The meeting commenced at 1:00 pm and concluded at 1:19 pm. It was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The registered office in Vadodara served as the deemed venue for the proceedings.

Key resolutions passed

Shareholders approved two ordinary resolutions as outlined in the notice convening the meeting:

• Adoption of audited financial statements for FY26, along with Board of Directors and Statutory Auditors reports.
• Reappointment of Arti Mukund Purohit as director, replacing herself upon retirement by rotation.

Purohit was eligible for reappointment and offered herself for the position. The voting results required under Regulation 44(3) of the Listing Regulations will be disclosed in due course.

Governance and compliance details

The company filed the summary of proceedings with BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mukund Purohit, Chairman and Managing Director, signed the filing digitally on September 30, 2026.

Neopolitan Pizza & Foods has scheduled its 15th Annual General Meeting (AGM) for September 30, 2026, at 1:00 pm via video conferencing. The meeting will approve the audited financial statements for the fiscal year ended March 31, 2026, and the reappointment of Executive Director Arti Mukund Purohit.

Financial Performance in FY26

The company reported a significant contraction in profitability during FY26. Total income fell to ₹2,963.54 lakh, down from ₹5,126.10 lakh in the previous year. Consequently, net profit after tax halved to ₹20.39 lakh from ₹40.64 lakh in FY25.

Profit before depreciation and tax declined to ₹59.32 lakh from ₹98.51 lakh. After accounting for depreciation of ₹25.74 lakh, profit before tax stood at ₹33.58 lakh. Current tax expenses were ₹12.57 lakh, while deferred tax was ₹0.62 lakh.

Dividend and Reserves

The Board did not recommend any dividend for the financial year under review. No transfer to general reserves was proposed. The balance carried forward to the balance sheet was ₹274.22 lakh, an increase from ₹253.83 lakh in the prior year.

Operational Updates

Neopolitan Pizza continued its focus on vegetarian quick service restaurant (QSR) offerings and franchise-led growth. The company expanded its restaurant footprint with new outlets and strategic franchise arrangements. As per the IPO objects, seven new QSR outlets were operational, four were under construction, and the remainder were yet to be established as of the reporting date.

Management noted a decline in royalty income from franchise operations during the fourth quarter, attributing it to adverse business conditions and global LPG supply disruptions. Additionally, statutory auditors reported a deviation in the utilization of IPO proceeds, primarily due to ₹408.50 lakh being utilized for working capital requirements in excess of the originally specified amount.

Governance and Compliance

Ms. Arti Mukund Purohit retires by rotation at the AGM and offers herself for reappointment. She holds 64,080 shares in the company. The Board comprises Chairman and Managing Director Mukund Purohit, along with independent directors Ashok Kumar N. Shah, Devesh Pathak, and Dr. Alok Kumar Sinha.

The secretarial audit report confirmed compliance with applicable statutory provisions, including the Companies Act, 2013, and SEBI Listing Regulations. No fraud was reported by statutory auditors during the year.