Disclosure Context
Vegorama Punjabi Angithi Limited submitted an investor presentation to BSE Limited on July 16, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references SEBI Master Circular No. SEBI/HO/CFD/PoD2/P/0155 dated November 11, 2024 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/P/2024/185 dated December 31, 2024. The document was signed by Deepak Chadha, Managing Director (DIN: 09554532).
Company Overview
Vegorama Punjabi Angithi Limited was established in 2022 and has evolved from a cloud kitchen and takeaway service provider into a multi-vertical food brand specializing in 100% Pure Vegetarian North Indian and multicuisine offerings. The company is known for quality, affordability, and authentic flavors, delivering dining experiences across takeaway, catering, and fine dining formats.
Operational Scale
The company operates 25 cloud kitchens and 2 fine-dining restaurants across Delhi-NCR and Dehradun. The business model includes multiple brands: Punjabi Angithi (flagship North Indian brand), Dilli Tawa Parantha (Delhi-style paranthas), Food of Dreams (experimental Indian-international fusion), and Swaad of Punjab (Punjabi dhaba-style food).
Financial Performance - FY26
Revenue: ₹14,086.87 lakhs (39% YoY growth from FY25's ₹10,130.52 lakhs)
Cost of Material Consumed: ₹6,742.33 lakhs
Employee Benefit Expense: ₹1,077.87 lakhs
Other Expenses: ₹4,620.62 lakhs
EBITDA: ₹1,705.29 lakhs (47% YoY growth) with EBITDA margin of 12.11% (67 basis points improvement)
Depreciation: ₹55.51 lakhs
Finance Costs: ₹37.29 lakhs
Other Income: ₹59.24 lakhs
Profit Before Tax: ₹1,605.31 lakhs (after prior period item of ₹7.18 lakhs)
Tax Expense: ₹401.60 lakhs (including current tax of ₹404.06 lakhs and deferred tax of -₹3.47 lakhs)
Net Profit: ₹1,203.71 lakhs (47% YoY growth) with net profit margin of 8.54%
EPS (Diluted): ₹9.54 (47% increase from FY25's ₹6.48)
Balance Sheet Position (FY26)
Total Assets: ₹3,399.13 lakhs
Property, Plant & Equipment: ₹1,156.39 lakhs
Capital Work-in-Progress: ₹21.78 lakhs
Cash & Cash Equivalents: ₹686.94 lakhs
Inventories: ₹60.64 lakhs
Trade Receivables: ₹276.68 lakhs
Total Shareholders' Funds: ₹2,637.27 lakhs
Long-term Borrowings: ₹343.60 lakhs
Short-term Borrowings: ₹103.49 lakhs
Cash Flow Statement (FY26)
Net Cash from Operating Activities: ₹141.78 lakhs
Net Cash from Investing Activities: (₹201.95) lakhs
Net Cash from Financing Activities: (₹94.92) lakhs
Net Decrease in Cash: (₹155.09) lakhs
Business Model & Revenue Mix
The company operates a digital-first model with 91.72% of revenue generated through online ordering channels. Revenue split: Zomato (49.5%), Swiggy (40.5%), and offline sales (10%). This model enables efficient working capital cycle with minimal cash sales and strong financial controls.
Expansion Plans
The presentation outlines a cloud kitchen expansion roadmap:
- FY27 Target: 10 new kitchens in NCR (Dwarka, Gurgaon Sector 54-56, Noida 141, Noida 37, Lajpat Nagar)
- FY28 Target: 10 new kitchens in regional expansion (Chandigarh, Mohali, Jaipur, Bahadurgarh, Sohna Road)
- Long-term Vision: 50+ cloud kitchens with pan-India expansion through cluster-based growth model
Management
Deepak Chadha is the Founder, Managing Director and Chairman with over 20 years of entrepreneurial experience. He was included in the Times 40 Under 40 list and led the company's listing on BSE SME platform in 2026.
Market Context
The document references India's food service industry growth projections from ₹5.69 lakh crore in FY24 to ₹7.77 lakh crore in FY28, with organized sector share expected to increase from 43.8% to 52.9%.
Key Metrics
Monthly Revenue Run-rate: ₹120 lakhs per month
Social Media Presence: 44,000+ Instagram followers
Customer Reviews: 5 lakh+ reviews across platforms
Kitchen Ratings: 4.0+ ratings
Awards & Recognition
The company has received multiple awards including F&B Business Leaders, Times Hospitality Icons Delhi NCR, Brand Impact Award, Times Food Delivery Awards, and Certificate of Excellence for Best Pure Delivery Chain.