Neopolitan Pizza and Foods Limited has scheduled a board meeting for September 5, 2026, to approve the Annual General Meeting agenda and consider a proposal to change the company's name.

The meeting will be held at the company's registered office in Vadodara, Gujarat. The Board of Directors aims to finalize the date, time, venue, and notice for the forthcoming AGM during this session.

Key Agenda Items

The board has outlined specific matters for discussion under Regulation 29 of the SEBI (LODR) Regulations, 2015. The primary focus includes:

• Approving the logistics and notice for the upcoming Annual General Meeting.
• Considering the proposal for a name change, subject to member approval and regulatory compliances under the Companies Act, 2013.
• Reviewing and approving the Directors' Report for Financial Year 2025-26.
• Addressing any other matters with the Chair's permission.

The company notified BSE Limited of the scheduled meeting on September 2, 2026. Mukund Purohit, Managing Director, signed the intimation.

Neopolitan Pizza and Foods Limited has fully deployed the net proceeds of ₹1170 lakh raised through its Initial Public Offer (IPO) as of 31 March 2026. The company, which issued 60,00,000 equity shares of ₹20 each, reported a diversion of ₹408.50 lakh from its intended retail expansion plan to meet working capital requirements. V S S B & Associates, the Statutory Auditor, certified the fund utilization in a report submitted to BSE Limited on 30 May 2026.

The auditor's certificate details the deployment of funds across five primary objectives. While the total utilization matches the net proceeds, the allocation deviated significantly from the offer document disclosures. The company over-utilized funds for working capital while under-utilizing the capital designated for launching new Quick Service Restaurants (QSR) outlets.

The following table outlines the utilization of IPO proceeds for the period ended 31 March 2026:

*Note: Proceeds from Initial Public Offer (IPO) net off issue expenses has been utilised as per the above. And an amount of ₹408.50 Lakhs has been over-utilised for the purpose of Working capital (In Compare to disclosure made in the Offer Document).

The original plan aimed to utilize ₹708 lakh for launching 16 new QSR outlets. However, only ₹299.50 lakh has been spent on this objective to date. Consequently, the working capital allocation, initially set at ₹352 lakh, absorbed ₹760.50 lakh. The remaining funds for security deposits, brokerage charges, and general corporate purposes were utilized exactly as proposed.

Regarding the status of the retail expansion, the company reported that 7 of the proposed 16 QSR outlets are currently operational. Additionally, 4 outlets are under construction. The management stated that any additional funds required to complete the proposed expansion plan and fulfill the commitments made in the offer document will be arranged and infused by the promoters or management from their own sources as needed.