NewsStocksNeopolitan Pizza & Foods Appoints New Leadership, Reports Half-Year Profit Amid IPO Fund Utilization DeviationNeopolitan Pizza & Foods Appoints New Leadership, Reports Half-Year Profit Amid IPO Fund Utilization Deviation
Neopolitan Pizza & Foods Limited has appointed Shobhit Nagarkar as CEO and Aditya Tillu as Company Secretary, effective November 13, 2025. The company reported a net profit of Rs. 5.85 lakhs for the half-year ended September 30, 2025. However, there's a significant deviation in IPO fund utilization, with only 4 new Quick Service Restaurants opened instead of the planned 16. The company over-utilized Rs. 224.18 lakhs for working capital requirements, while Rs. 250 lakhs remain unutilized in a fixed deposit account.
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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:
- Mr. Shobhit Nagarkar has been appointed as the Chief Executive Officer (CEO), effective November 13, 2025.
- 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:
| Particulars | Amount (in Lakhs) |
|---|---|
| Revenue from Operations | 1,311.56 |
| Total Income | 1,316.81 |
| Total Expenses | 1,309.34 |
| Profit Before Tax | 7.48 |
| Net Profit | 5.85 |
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:
| Objective | Planned | Actual | Deviation |
|---|---|---|---|
| New Quick Service Restaurants (QSRs) | 16 | 4 | -12 |
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
| Purpose | Amount Disclosed (Rs. in Lakhs) | Amount Utilized (Rs. in Lakhs) | Deviation (Rs. in Lakhs) |
|---|---|---|---|
| Expansion of Retail Network | 708.00 | 233.82 | -474.18 |
| Security Deposit and Advance Rent | 26.00 | 26.00 | 0.00 |
| Brokerage Charges | 13.00 | 13.00 | 0.00 |
| Working Capital Requirements | 352.00 | 576.18 | 224.18 |
| General Corporate Purposes | 71.00 | 71.00 | 0.00 |
| Total | 1,170.00 | 920.00 | -250.00 |
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.
Historical Stock Returns for Neopolitan Pizza & Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.33% | -2.33% | -9.30% | -29.47% | -47.68% | -50.27% |
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