Neopolitan Pizza & Foods Limited , a Quick Service Restaurant (QSR) company listed on the Bombay Stock Exchange, has announced a strategic expansion of its operations in Gujarat. The company has signed agreements for two new company-owned outlets, strengthening its presence in key locations within the state.

Expansion Details

Strategic Significance

The expansion marks a significant step in Neopolitan Pizza & Foods' growth strategy, focusing on high-potential markets in Gujarat. The chosen locations are strategically important:

1. Near Morbi: Known as a major industrial hub, this location offers strong demand for organized food services.
2. Devbhumi Dwarka: A prominent spiritual and tourism destination, providing year-round footfall potential.

Operational Approach

By adopting the Company-Owned Company-Operated (COCO) model for these new outlets, Neopolitan Pizza & Foods aims to:

• Maintain complete operational control
• Ensure consistent brand standards and quality assurance
• Create local employment opportunities
• Implement standardized training modules
• Lay the groundwork for potential future franchise expansion in surrounding regions

Management's Perspective

The management of Neopolitan Pizza & Foods Limited expressed enthusiasm about the expansion, highlighting its alignment with their long-term growth plans. They emphasized their commitment to:

• Bringing world-class QSR standards to these locations
• Generating employment opportunities
• Supporting local sourcing initiatives

Future Outlook

This expansion is part of Neopolitan Pizza & Foods' broader vision to strengthen its presence across Gujarat and potentially expand nationally and internationally. The company's growth strategy includes:

• Expansion into Tier 2 and Tier 3 cities
• Strengthening both COCO and franchise models
• Focus on training and employing local youth
• Developing scalable operational infrastructure
• Integration of agri-food processing under the Neopolitan Pizza Foods brand

The strategic location choices and the company-owned operational model demonstrate Neopolitan Pizza & Foods' commitment to sustainable growth and market penetration in Gujarat's diverse economic landscape.

Investors and market observers will be keen to watch how this expansion impacts the company's market presence and financial performance in the coming years, particularly as the new outlets become operational by the end of 2025.

Neopolitan Pizza & Foods Limited has announced key leadership appointments and financial results for the half-year ended September 30, 2025, along with an update on its Initial Public Offering (IPO) fund utilization.

New Leadership Appointments

The company's Board of Directors has approved two significant appointments:

1. Mr. Shobhit Nagarkar has been appointed as the Chief Executive Officer (CEO), effective November 13, 2025.
2. Mr. Aditya Tillu has been named the new Company Secretary and Compliance Officer, also effective from November 13, 2025.

Financial Performance

For the half-year ended September 30, 2025, Neopolitan Pizza & Foods reported the following financial highlights:

The company's performance shows a modest profit, with a net profit of Rs. 5.85 lakhs for the period.

IPO Fund Utilization and Deviation

Neopolitan Pizza & Foods Limited went public on October 8, 2024, through an Initial Public Offering. The company has reported a significant deviation from its original IPO objectives:

The company disclosed that it has established only 4 new Quick Service Restaurants instead of the planned 16, as stated in the IPO objectives.

Fund Utilization Breakdown

The company has over-utilized Rs. 224.18 lakhs for working capital requirements compared to the disclosure made in the offer document. An amount of Rs. 250.00 lakhs remains unutilized and is currently held in a fixed deposit account.

Management Commentary

The company has not provided specific management commentary on the deviation. The significant difference in the number of new QSRs established compared to the original plan may raise questions among investors about the company's expansion strategy and capital allocation decisions.

Investors and market observers may want to closely monitor the company's future communications regarding its growth plans and the reasons behind the deviation from its initial IPO objectives.

The appointment of new leadership, including Mr. Shobhit Nagarkar as CEO and Mr. Aditya Tillu as Company Secretary and Compliance Officer, may bring fresh perspectives to address these challenges and guide the company's future growth strategies.