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    Now summarize the following text:
      Date: 28.10.2024 
To, To, 
BSE Limited, 
Corporate Services Department, National Stock Exchange of India Limited, 
Phiroze Jeejeebhoy Towers, Corporate Relation Department, 
Dalal Street, Fort Exchange Plaza, C-1, Block G, 
Mumbai, Maharashtra - 400001 Bandra Kurla Complex, Bandra East,   
Mumbai, Maharashtra - 400051 
Scrip Code: 538920 
Symbol: VINCOFE 
Dear Sir/Madam, 
Sub: Outcome of Board Meeting under Regulation 30 of the Securities and Exchange Board 
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 
In pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure 
Requirements) Regulations, 2015 and other applicable provisions, we wish to inform you that the 
meeting of the Board of Directors of Vintage Coffee and Beverages Limited held today .i.e. 
Monday, October 28, 2024 at the registered office of the Company, have inter-alia considered 
and approved the following amongst other items: 
1. Un-Audited Standalone & Consolidated Financial Results of the Company for the quarter 
ended September 30, 2024. 
2. Un-Audited Standalone & Consolidated Statement of Assets & Liabilities and Cash Flow of 
the Company for the quarter ended September 30, 2024. 
3. Limited Review Report (Standalone and Consolidated) given by our Statutory Auditors of the 
’ Company for the quarter ended September 30, 2024.    4. Approved the approved the Scheme of Amalgamation of Vintage Coffee Private Limited (1% 
Transferor Company) and Delecto Foods Private Limited (2"4 Transferor Company) wholly 
owned subsidiaries of the Company, with Vintage Coffee And Beverages Limited (‘the 
Company' or 'Transferee Company’) and their shareholders, subject to the approval of the 
Hon'ble National Company Law Tribunal [NCLT], Hyderabad Bench, Stock Exchange’s (BSE 
Limited and National Stock Exchange of India Limited) where the shares of the company are 
listed and other relevant regulatory authorities. The Scheme will be filed with the Stock 
Exchange as per applicable provisions of Regulation 37 of the SEBI (listing Obligations and 
Disclosure Requirements) Regulations, 2015. 
The Board Meeting commenced at 11:10 a.m. and concluded at 12:15 p.m. 
Thanking you, 
Yours sincerely, 
For Vintage C Beverages Limited    
DIN: 02181095 
Enc: As Above 
     VINTAGE COFFEE AND BEVERAGES LIMITED 
CIN: L15100TG1980PLC161210 
Regd Office : 202,Oxford Plaza,S.D Road, Secunderabad, Hyderabad, Telangana - 500003 
Statement of Standalone / Consolidated Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2024 
(Rs. In Lakhs)                     
                Quarter Ended Half Yearly Xear ended tt oe ne 
36.69.2624 36.06.2024 | 30:09,2023 30.09.2624 38.09:2623 32.03.2024 
ENC. ay | Standafone | Consoliciated | Standalone | Consolidated | Standalone | Consolidated [Standaiane | Con 3 Gonsolidated | Standalone | Consolidated 
Unaudited | Unandiied | Unandiied] Unandiied | Unaudited] Unaudited | Unaudited] Unaudited | Unaudited] Unaudited Audited Audited 
1 [Revenue from Operations 2,372.42 7,155.64 1,246.34 4,367.06 | 1,901.55 3,008.94 3,618.76 11,522.70 | 3,218.02 5,101.05 7,389.42 13,103.86 
2 |Other Income 241.82 162.30 135.59 40.00 82.67 10.49 377.41 202.30 128.88 13.39 349.84 87.08 
3 |Total Revenue (1+2) 2,614.24 7,317.94 | 1,381.93 4,407.06 1,984.22 3,019.43 3,996.17 11,725.00] 3,346.90 5,114.44 7,739.26 13,190.93 
4 |Expenses 
(a) Cost of Materials consumed 2,263.74 5,296.89 1,162.14 3,083.54 1,776.49 2,021.94 | 3,425.88 8,380.43 | 3,006.17 3,407.53 6,904.18 8,726.10 
(b) Purchase of Stock-in-Trade - - - - - - - = 
LS temiikeee goods:work 41.66 : (126.39) 2 12.70 2 (84.73) 2 (139.72) = (108.08) 
(d) Employee benefits expense 42.20 224.24 29.34 204.20 21.64 134.09 71.53 428.44 40.95 251.11 100.93 656.02 
(c) Finance Cost 1.89 149.58 443 146.28 25.05 172.16 6.32 295.86 27.39 400.24 31.92 704.54 
(f) Depreciation and amortisation expense 45.14 175.01 40.50 163.49 - 122.15 85.64 338.50 = 244.31 12.36 501.77 
(g) Other expenses 95.75 607.09 62.23 435.54 51.86 269.27 157.98 1,042.63 89.34 462.77 251.64 1,318.27 
Total Expenses 2,448.71 6,494.47 1,298.64 3,906.66 1,875.04 2,732.33 3,747.35 10,401.13 | 3,163.85 4,626.24 7,301.04 11,798.61 
5 |Profit/ (Loss) before exceptional items and Tax 
(1-4) 165.53 823.47 83.29 500.40 109.18 287.10 248.82 1,323.87 183.05 488.20 438.23 1,392.32 
6 |Exceptional items - - - - - - - - - - - - 
7 |Profit/(Loss) before Tax (5 +6) 165.53 823.47 83.29 500.40 109.18 287.10 248.82 1,323.87 183.05 488.20 438.23, 1,392.32 
8 |Tax Expense: 
a) Current Tax (41.66) (74.77) (20.96) (48.86) (28.39) (47.69) (62.62) (123.63) (47.59) (79.52) (108.80) (191.85) 
b) Deffered Tax 0.03 1.95 (0.88) 3.14 - 0.04 (0.85) 5.10 = 0.09 (1.59) (2.18) 
Q || Brolity (Loss) for the period from Continuing 123.90 750.66 61.45 454.68 80.80 239.45 185.35 1,205.34 135.46 408.77 327.84 1,198.28 operations (7-8)   10 |Profit/ (Loss) for the period from Discontinued 
operations   11 |Tax Expense of Discontinued operations - - - = 3 - % 
12  |Profit/ (Loss) for the period from Discontinued 
operations (After Tax) - - - - - 7 - 
13 |Profit/ (Loss) for the period (After Tax) 123.90 750.66 61.45 454.68 80.80 239.45 185.35 1,205.34 135.46 408.77 327.84 1,198.28 
14 |Other Comprehensive Income - 2 s = 
Total Comprehensive income for the period °—_«~ 123.90 750.66 6145 454.68 80.80 23945] 185.35] 120534] 135.46 408.77 327.84 1,198.28           Attributable to: 
Equity holders of the Parent 123.90 750.66 61.45 454.68 80.80 239.45 | > 185.35 1,205.34 135.46 > 408.77 327.84 1,198.28 
Non-controlling interests - 8 2 8       16 |Earnings Per Share (EPS) (For continuing 
operations) - 
(a) Basic 0.10 0.61 0.05 0.37 0.08 0.23 0.15 0.98 0.13 0.39 0.31 1.14 
(b) Diluted 0.10 0.61 0.05 0.37 0.08 0.23 0.15 0.98 0.13 0.39 0.31 1.14 
17 |Earnings Per Share (EPS) (For Discontinuing 
operations) 
(a) Basic - - - - - - - 
(b) Diluted - - - - - - - 
18  |Earnings Per Share (EPS) (For Discontinuing & 
Continuing operations) 
(a) Basic 0.10 0.61 0.05 0.37 0.08 0.23 0.15 0.98 0.13 0.39 0.31 114 
(b) Diluted 0.10 0.61 0.05 0.37 0.08 0.23 0.15 0.98 0.13 0.39 0.31 1.14                                                 
  VINTAGE COFFEE AND BEVERAGES LIMITED 
Formerly known as “Spaceage Products Ltd” 
(CIN No. L15100TG1980PLC161210) 
Rega: eaters office : 202, Oxford Plaza, No.9-1-129/1, S.D.Road, Secunderabad- 500003, Telangana, INDIA 
Phone +91 .040 40266650, Fax: <PRESIDIO_ANONYMIZED_PHONE_NUMBER> | E-mail: info@vcbl.coffee | Website: www.vebl.coffee 
         
            
    
        
    
    
    VINTAGE COFFEE AND BEVERAGES LIMITED 
CIN: L15100TG1980PLC161210 
Regd Office : 202, Oxford Plaza, S.D Road, Secunderabad,Hyderabad,Telangana-500003 
Standlaone and Consolidated Summary of Statement of Assets and Liabilities for the Quarter and Half-Year ended September 30,2024 
(Rs.In Lakhs) 
Statement of Assets and Liabilities 
As at 30.09.2024 As at 31.03.2024 
Particulars Standalone Consolidated | Standalone | Consolidated 
(Un-audited} (Un-audited)} Audited Audited 
ASSETS 
1 Non-current assets 
(a) Property, Plant and Equipment 121.26 7,597.00 112.13 7,625.82 
(b) Capital work-in-progress - - - - 
(c) Investment Property - - - - 
(d) Goodwill - 7,264.50 - 7,264.50 
(e) Other Intangible Assets - - - - 
(f) Intangible Assets under development - - - - 
(g) Biological Assets other than bearer plants - - - - 
(h) Investments accounted for using equity method = - = - 
(i) Financial Assets - - - - 
(i) Investments 11,875.51 - 11,875.51 - 
(ii) Trade Receivables - - - - 
(iii) Loans 14,018.57 5,246.37 6,688.35 411.97 
(iii) Others e = = - 
(j) Deffered tax assets (Net) - z S - 
(k) Other non-current Assets 706.93 706.93 181.88 181.88 
Total Non-Current Assets 26,722.27 20,814.80 18,857.88 15,484.17 
2 Current assets 
(a) Inventories - 8,330.68 - 7,518.28 
(b) Financial Assets - - 
(i) Investments - - - - 
‘(ii) Trade receivables . . . 1,661.68 5,369.33 1,169.82 2,167.09 
(iti) Cash and cash equivalents 171.58 733.57 31.55 459.18 
(iv) Bank Balances other then (iii) above - - - - 
(v) Loans - = - - 
(vi) Others - - - - 
(c) Current Tax Assets (Net) - - ~ - 
(d) Other current assets 1,095.70 4,306.52 396.48 3,133.87 
Total Current Assets 2,928.96 18,740.11 1,597.85 13,278.41 
TOTAL ASSETS 29,651.24 39,554.91 20,455.72 28,762.58 
B. EQUITY AND LIABILITIES 
1 Equity 
(a) Equity Share capital 12,288.34 12,288.34 10,470.34 10,470.34 
(b) Other Equity (Reserves & Surplus) 15,811.90 14,756.14 8,236.00 6,160.24 
Total Equity 28,100.24 27,044.47 18,706.34 16,630.58 
Liabilities 
2 Non-current liabilities 
(a) Financial Liabilities 
(i) Borrowings 958.87 6,115.32 1,079.53 6,432.29 
(ii) Trade Payables - 895.92 - 927.08 
(iti) Other financial liabilities (other than those specified in 
item (b), to be specified) ° ” . ° 
(b) Provisions - - - -             
TAGE COFFEE AND BEVERAGES LIMITED 
Formerly known as “Spaceage Products Ltd” 
(CIN No. L15100TG1980PLC161210) 
Regd. eegborae office : 202, Oxford Plaza, No.9-1-129/1, S.D.Road, Secunderabad- 500003, Telangana, INDIA 
‘Phone +91.040 40266650, Fax: <PRESIDIO_ANONYMIZED_PHONE_NUMBER> | E-mail: info@vcbl.coffee | Website: www.vebl.coffee      VINTAGE COFFEE AND BEVERAGES LIMITED 
CIN: L15100TG1980PLC161210 
Regd Office : 202, Oxford Plaza, S.D Road, Secunderabad,Hyderabad,Telangana-500003 
Standlaone and Consolidated Summary of Statement of Assets and Liabilities for the Quarter and Half-Year ended September 30,2024 
(Rs.In Lakhs)            
(c) Deferred tax liabilities (Net) f 594.93 1.50 600.02 
(d) Other non-current liabilities - = 2 -   
Total Non-current liabilities 961.22 7,606.17 1,081.03 7,959.39   
3 Current liabilities 
(a) Financial Liabilities 
(i) Borrowings 3,231.39 3,236.13 
(ii) Trade Payables 415.69 1,027.00 496.25 210.56 
(iii) Other financial liabilities [other than those specified in itd - - - - 
(b) Other current liabilities 18.91 351.56 59.79 530.57 
(c) Provisions 155.17 294.32 112.31 195.35 
(d) Current Tax Liabilities (Net) 2 z z -   
Total Current liabilities 589.78 4,904.27 668.35 4,172.61                   TOTAL EQUITY AND LIABILITIES 29,651.24 39,554.91 20,455.72 28,762.58   
       
                                                                                                                      VINTAGE COFFEE AND BEVERAGES LIMITED 
CIN: L15100T G1980PLC161210 
Regd Office : 202, Oxford Plaza, S.D Road, Secunderabad,Hy derabad,Telangana-500003 
Statement of Standalone/Consolidated Cash Flow Statement for the Half-Year ended September 30,2024 
(Rs. In Lakhs) 
Cash Flow Statement 
For the period | For the period] For the period | For the period 
Particulars 30.09.2024 30,09.2024 30.09.2023 30.09.2023 
Unaudited Unaudited Unaudited Unaudited 
A Date of start of reporting period 01-04-24 01-04-24 01-04-23 01-04-23 
B Date of end of reporting period 30-09-24 30-09-24 30-09-23 30-09-23 
Cc Whether results are audited or unaudited Unaudited Unaudited Unaudited Unaudited 
D Nature of report standalone or consolidated Standalone | Consolidated | Standalone Consolidated 
Statement of cash flows 
Cash flows from used in operating activities 
Profit before tax 248.82 1,323.87 183.05 488.20 
Adjustments for reconcile profit (loss) 
Adjustments for finance costs 6.32 295.86 27:39 400.24 
Adjustments for decrease (increase) in inventories - (812.41) - (360.67) 
Adjustments for decrease (increase) in trade receivables, current (491.86) (3,202.25) (465.90) (1,149.66) 
Adjustments for decrease (increase) in trade receivables, non-current - - - - 
Adjustments for decrease (increase) in other current assets (699.22) (1,172.65) (627.69) (1,517.06) 
Adjustments for decrease (increase) in other non-current assets - - - - 
Adjustments for other financial assets, non-current - - - - 
Adjustments for other financial assets, current - - - - 
Adjustments for other bank balances - - - - 
Adjustments for increase (decrease) in trade payables, current (80.56) 816.45 (563.16) (678.92) 
Adjustments for increase (decrease) in trade payables, non-current - - - - 
Adjustments for increase (decrease) in other current liabilities 1.99 (80.04) 86.15 103.22 
Adjustments for increase (decrease) in other non-current liabilities - - - 
Adjustments for depreciation and amortisation expense 85.64 338.50 - 244.31 
Adjustments for impairment loss reversal of impairment loss recognised in 
profit or loss - - - - 
Adjustments for provisions, current - fs - - 
Adjustments for provisions, non-current 7 “ = - 
Adjustments for other financial liabilities, current - (4.74) - (2,573.65) 
Adjustments for other financial liabilities, non-current - - - - 
Adjustments for unrealised foreign exchange losses gains - - - - 
Adjustments for dividend income - - - - 
Adjustments for interest income - - - - 
Adjustments for share-based payments - - - - 
Adjustments for fair value losses (gains) - - - - 
Adjustments for undistributed profits of associates - : - - 
Other adjustments for which cash effects are investing or financing cash flow - ~ - i 
Other adjustments to reconcile profit (loss) = - - - 
Other adjustments for non-cash items - - - - 
Share of profit and loss from partnership firm or association of persons or 
limited liability partnerships - - - - 
Total adjustments for reconcile profit (loss) (1,177.69) (3,821.29) (1,543.21) (5,532.20) 
[Net cash Hows fram {used in) operations (928.87) (G47 2) (7,360.45) 5,043.99) | 
Dividends received - - - - 
Interest paid (6.32) (295.86) (27.39) (400.24) 
Interest received - - - - 
Income taxes paid (refund) (63.48) (118.53) (47.59) (79.43) 
Other inflows (outflows) of cash ~ A - - 
Net cash flows fom (used i) operating activities ORG ousn (ie) Gsase)| 
Cash flows from used in investing activities 
Cash flows from losing control of subsidiaries or other businesses - - - 
Cash flows used in obtaining control of subsidiaries or other businesses - - - - 
Other cash receipts from sales of equity or debt instruments of other entities - - - - 
Other cash payments to acquire equity or debt instruments of other entities — - - - -       
_ VINTAGE COFFEE ANB”     
    
Formerly known as “Spaceage Products Ltd” 
(CIN No. L15100TG1980PLC161210) ERAGES LIMITED 
Regd. & Corporate office : 202, Oxford Plaza, No.9-1-129/1, S.D.Road, Secunderabad- 500003, Telangana, INDIA 
Phone +91.040 40266650, Fax: <PRESIDIO_ANONYMIZED_PHONE_NUMBER> | E-mail: info@vcbl.coffee | Website: www.vebl.coffeesales of interests in ventures 
cash to interests in ventures 
receipts or persons 
or limited 
payment for investment or association of persons or 
sales of A 
sales of investment 
investment 
assets 
of assets 
from assets under 
of assets under 
from 
of 
assets 
assets 
sales of other assets 
assets 
advances to other 
advances and loans to 
payments contracts, contracts, contracts 
contracts 
payments contracts, contracts, option contracts 
contracts 
receipts contracts, contracts, option contracts 
contracts 
received 
taxes 
flows from used in activities 
from in interests in subsidiaries 
ents from in interests in subsidiaries 
shares 
other instruments 
or redeem 
instruments 
exercise of stock 
debentures notes bonds etc 
from 
ents 
ents of lease 
increase ( cash equivalents before 
changes 140.03 274.39 
of on cash and cash alents - 
of on and cash - 
and cash statement at 5 459.18 
statement at   
VINTAGE COFFEE AND BEVERAGES LIMITED 
Formerly known as “Spaceage Products Ltd” 
(CIN No. L15100TG1980PLC161210) 
Regd. & Corporate office : 202, Oxford Plaza, No.9-1-129/1, S.D.Road, Secunderabad- 500003, Telangana, INDIA 
Phone <PRESIDIO_ANONYMIZED_PHONE_NUMBER>, Fax: <PRESIDIO_ANONYMIZED_PHONE_NUMBER> | E-mail: info@vcbl.coffee | Website: www.vebl.coffee  NOTES: 
1. The Unaudited Standalone and Consolidated Financial Results for the quarter and 
half year ended on September 30, 2024 have been reviewed by the Audit Committee 
and approved by the Board of Directors at their respective meetings held on October 
28, 2024. The Statutory Auditors of the Company have carried out their limited 
review on the Statement and have issued an unmodified opinion. The Vintage Coffee 
and Beverages Limited has become Holding of M/s. Vintage Coffee Private Limited 
and M/s. Delecto Foods Private Limited by way of Share Swap Agreement and the 
effect arise from 12th July, 2021. Now, VCBL have two Material Subsidiaries 
Companies namely as M/s. Vintage Coffee Private Limited and M/s. Delecto Foods 
Private Limited. 
2. The figures for the quarter ended March 31, 2024 are balancing figures between 
audited figures in respect of full financial year and published year to date upto third 
quarter of the respective financial year. 
3. The Financial Results for the quarter and half year ended September 30, 2024 have 
been prepared in accordance with the recognition and measurement of principals 
laid down in the Ind AS. 
4, Segment reporting is not applicable to the Company as it operates in only one 
segment, ie. Trading, Manufacturing and Export of Instant Coffee and Instant 
Chicory Products. 
5. The figures for the previous quarter/year have been regrouped, re-casted and 
rearranged, wherever considered necessary. 
For and on behalf of the Board 
          
  Balakxishna Tati sya 
Chairman & Managing Director 
DIN: 02181095 
Date: 28-10-2024 
Place: Secunderabad 
_ VINTAGE COFFEE AND BEVERAGES LIMITED 
Formerly known as “Spaceage Products Ltd” 
(CIN No. L15100TG1980PLC 161210) 
Regd. & Corporate office : 202, Oxford Plaza, No.9-1-129/1, S.D.Road, Secunderabad- 500003, Telangana, INDIA 
Phone <PRESIDIO_ANONYMIZED_PHONE_NUMBER>, Fax: <PRESIDIO_ANONYMIZED_PHONE_NUMBER> | E-mail: info@vcbl.coffee | Website: www.vebl.coffeei i Branch Office: 
©. Bhalotia & Associates 1-11-240/5/1.Shyamlal Building, 
Chartered Accountants Dugar Arcade, Begumpet 
Hyderabad-500016 
Phone: +040-4007-5 150/5 1/52 
E-mail: <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS> 
Independent Auditor’s Review Report on unaudited Standalone Quarterly Financial Results 
and Year to Date Results of VINTAGE COFFEE AND BEVERAGES LIMITED (formerly 
known_as aceage Products Limited) pursuant to the Regulation 33 of: SEBI (Listin 
Obligations and Disclosure Requirements) Regulations, 2015. 
    To 
Board of Directors of 
Vintage Coffee And Beverages Limited (formerly known as Spaceage Products Limited) 
We have reviewed the accompanying statement of unaudited financial results of Vintage Coffee 
and Beverages Limited (formerly known as Spaceage Products Limited) for the quarter and six 
months ended 30‘ September, 2024. This statement is the responsibility of the Company’s 
Management pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and 
Disclosure Requirements) and has been approved by the Board of Directors. Our responsibility is 
to issue a report on these financial statements based on our review. 
We conducted our review of the Statement in accordance with the Standard on Review 
Engagements (SRE) 2410 - “Review of Interim Financial Information Performed by the 
Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. 
This standard requires that we plan and perform the review to obtain moderate assurance as to 
whether the financial statements are free of material misstatement. A review is limited primarily 
to inquiries of company personnel and analytical procedures applied to financial data and thus 
provides less assurance than an audit. We have not performed an audit and accordingly, we do 
not express an audit opinion. 
Based on our review conducted as above, nothing has come to our attention that causes us to 
believe that the accompanying statement of unaudited financial results prepared in accordance 
with applicable accounting standards and other recognized accounting practices and policies 
has not disclosed the information required to be disclosed in terms of Regulation 52 of the SEBI 
(Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in 
which it is to be disclosed, or that it contains any material misstatement. 
Our conclusion on the Statement is not modified in respect of this matter. 
For S. Bhalotia & Associates 
Chartered Accountants 
Firm Reg. No. 325040E 
    Binod Digitally signed by 
Kumar SnedRurar site 
Sahoo 11:44:11 +05'30' 
CA. Binod Kumar Sahoo 
Partner 
Place: Hyderabad _M. No. 305406 
Date: 28.10.2024 UDIN: 24305406BKCKDL9434 
Head Office: Guwahati: Raipur: Mumbai: Lucknow: 
20B, Abdul Hamid Street 724, Peace Enclave, 18, Recreation road 411, Crescent Business Square, AL/P/802, Alakananda Apartment 
4C Cast ladda ‘Uinmvian ALE Dihe chemi he mel? MR mw. Set>. Bhalotia & Associates Branch Office: 
: 1-11-240/5/1.Shyamlal Building, 
Chartered Accountants Cx Dugar Arcade, Begumpet 
Hyderabad-500016 
Phone: +040-4007-5 150/5 1/52 
E-mail: <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS> 
Independent_Auditor’s Review Report _on unaudited Consolidated Quarterly 
Financial Results and Year to Date Results of VINTAGE COFFEE AND BEVERAGES 
LIMITED (formerly known as Spaceage Products Limited) pursuant to the Regulation 
33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 
    To 
Board of Directors of 
Vintage Coffee and Beverages Limited (formerly known as Spaceage Products Limited) 
We have reviewed the accompanying statement of unaudited consolidated financial 
results of Vintage Coffee and Retaiaees Limited (formerly known as Spaceage Products 
Limited) (here in referred to as “the Parent company”) for the quarter and six months 
ended 30t September, 2024. This statement is the responsibility of the Company’s 
Management pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure 
Requirements) Regulations,2015 and has been approved by the Board of Directors. Our 
responsibility is to issue a report on these financial statements based on our review. 
The statement includes the results of the following entities: 
(i) Vintage Coffee private limited (Subsidiary) 
(ii) Delecto foods private limited (Subsidiary) 
We conducted our review of the Statement in accordance with the Standard on Review 
Engagements (SRE) 2410 - “Review of Interim Financial Information Performed by the 
Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of 
India. This standard requires that we plan and perform the review to obtain moderate 
assurance as to whether the financial statements are free of material, misstatement. A 
review is limited primarily to inquiries of company personnel and analytical procedures 
applied to financial data and thus provides less assurance than an audit. We have not 
performed an audit and accordingly, we do not express an audit opinion. 
Based on our review conducted as above, nothing has come to our attention that causes 
us to believe that the accompanying statement of unaudited financial results prepared 
in accordance with applicable accounting standards and other recognized accounting 
practices and policies has not disclosed the.information required to be disclosed in terms 
of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) 
Regulations, 2015 including the manner in which it is to be disclosed, or that it contains 
any material misstatement. 
  Head Office: Guwahati: Raipur: ' Mumbai: Lucknow: 
20B, Abdul Hamid Street 724, Peace Enclave, 18, Recreation road 411, Crescent Business Square, AL/P/802, Alakananda Apartment 
QA Raab naling 1 dmc oamauata ana ica oes oe. oe _ a». Bnalotia & Associates Branch Office: 
1-11-240/S/1.Shyamlal Building, 
Chartered Accountants 
| Dugar Arcade, Begumpet 
Hyderabad-500016 
Phone: +040-4007-5 150/5 1/52 
E-mail: <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS> 
Other Matters: 
We did not review the interim financial information of two subsidiaries included in the 
statement, whose interim financial information reflects Total revenue Rs 8202.89 lakhs 
and Rs 2807.82 lakhs, total net profit after tax of Rs 835.30 lakhs and Rs 184.70 lakhs and 
total comprehensive income of Rs 835.30 lakhs and Rs 184.70 lakhs for the quarter and 
six months ended September 30, 2024 as considered in unaudited consolidated financial 
results. These interim financial results have been reviewed by other auditors. whose 
reports have been furnished to us by the management and our conclusion on the 
statement in so far as it relates to the amounts and disclosures included in respect of 
subsidiary, is solely based on the reports of the other auditor. 
Our conclusion on:the Statement is not modified in respect of the above matter. 
For S. Bhalotia & Associates 
Chartered Accountants 
Firm Reg. No. 325040E 
    / a : \e\ Binod pene ee 
| p)* Kumar Date: 2024.10.28 
/ x f Sahoo 11:43:31 +05'30' 
J CA. Binod Kumar Sahoo 
Srey, Partner 
Place: Hyderabad = M. No. 305406 
Date: 28.10.2024 UDIN: 24305406BKCKDM5191 
Head Office: Guwahati: Raipur: Mumbai: Lucknow: 
20B, Abdul Hamid Street 724, Peace Enclave, 18, Recreation road 411, Crescent Business Square, AL/P/802, Alakananda Apartment 
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Requirements) Regulations, 2015 read with SEBI Circular number CIR/CFD/CMD/4/2015 
  dated September 9, 2015   
Particluars   
a) Name of the entity(ies) forming 
part of the amalgamation / merger, 
details in brief such as, size, turnover 
etc.; Information 
e Vintage Coffee Private Limited (1 Transferor 
Company) 
e Delecto Foods Private Limited (2"4 Transferor 
Company) 
e Vintage Coffee And Beverages Limited 
(‘Transferee Company’)   
b) whether the transaction would fall 
within related party transactions? 
If yes, whether the same is done at 
“arm’s length”; No 
The proposed amalgamation shall not be treated as 
related party transaction in terms of General Circular No. 
30/2014 dated 17" July,2014 issued by the Ministry of 
Corporate Affairs and also since the same is subject to 
the sanction of Hon'ble: NCLT. 
Further, pursuant to Regulation 23(5)(b) of the SEBI 
(LODR) Regulation ,2015 the related party provisions 
under SEBI (LODR) Regulations are not applicable to 
the propose Scheme.   
c) Area of business of the entity(ies); 
        Vintage Coffee Private Limited 
Vintage Coffee Private Limited (VCPL) is in the 
business of manufacturing and exporting Instant Coffee 
products. 
Delecto Foods Private Limited 
Delecto Foods Private Limited (DFPL) is in the business 
of manufacturing and exporting Instant Chiocry and all 
other Chicory products and in packing and exporting 
Chicory mixed Instant Coffees in Private Labels. 
         
Vintage Coffee and Beverages Limited 
Vintage Coffee and Beverages Ltd (VCBL) is a public 
limited company listed with Bombay Stock Exchange 
Limited (“BSE Limited”) & National Stock of Exchange 
India Limited (“NSE Limited’) registered under the 
provisions of the Companies Act, 1956. It is 
headquartered in Secunderabad, Telangana State and is 
in the business of trading and export of Coffee and allied 
coffee products.   
  d) Rationale for amalgamation / 
merger; 
    Vintage Coffee Private Limited and Delecto Foods 
Private Limited are the wholly owned subsidiary 
company of Vintage Coffee and Beverages Limited and 
all Company are the part of the same group. 
Accordingly, the Board of Directors of the Transferor 
Companies and the Transferee Company has decided to 
amalgamate the Transferor Companies together with 
their businesses and undertakings, with the Transferee 
Company, so as to achieve the following benefits / 
synergies: 
1. Simplify group and business structure and 
achieve operational synergies; 
2. Greater integration and greater financial strength 
and flexibility for the amalgamated entity, which 
would result in maximizing overall shareholder 
value and will improve the competitive position f 
the combined entity. 
3. Optimized legal structure of the group with 
elimination of multiple legal entitles -The First 
Transferer Company being Wholly Owned 
Subsidiary of Second Transferor Company and 
Second Transferer Company being Wholly 
Owned Subsidiary of Transferee Company, is 
under the management and control of the 
Transferee Company and are part of the same 
group. It would be advantageous to merge the 
said entities to ensure focused management in the          
Transferee Company there by resulting in 
efficiency of management and maximizing value 
to the shareholders. 
4. The consolidation of legal entities would result in 
reduced number of entities within the group. This 
would minimize cost and administrative hassle of 
maintaining multiple legal entities; 
5. The aforesaid synergistic benefits accruing from 
the consolidation would ultimately contribute to 
the future business and profitability of the merged 
entity. The amalgamation of Transferor 
Companies and Transferee Company is, 
therefore, beneficial in the long-term interests of 
the shareholders and all stake holders of these 
companies. 
6. Reducing time and efforts for consolidation of 
financials at group level. 
7. Reduced operational costs due to combined 
efforts, eliminating duplication of administrative 
work, communications / coordination efforts 
across the group entities, multiplicity of legal and 
regulatory compliances thereby ensuring 
optimum utilization of available resources and 
integrated management focus which will enable 
structured, sharper and better management 
focusing on growth of the businesses; 
8. Upon merger, the combined entity would have 
improved financial health and better ability to 
also raise finances with the larger asset base and 
customer network to boost its future growth. 
Overall, the amalgamation of the Transferor Companies 
with the Transferee Company, as outlined in the Scheme, 
will be beneficial for all involved parties, including the 
companies themselves, their shareholders, creditors, 
employees, customers, and all other stakeholders 
connected to the three companies. 
                     
e) In case of cash consideration — 
amount or otherwise share exchange 
ratio; Not applicable: 
Since the First Transferor Company is a wholly-owned 
subsidiary of the Second Transferor Company, and the 
Second Transferor Company is a_ wholly-owned 
subsidiary of the Transferee Company, no consideration 
will be payable for the merger of the Transferor 
Companies with the Transferee Company.   
  f) Brief details of change in 
shareholding pattern (if any) of 
listed entity. 
  There will be no change in shareholding pattern as the 1* 
and 2™ Transferor companies are the wholly owned 
subsidiary of Transferee Company.   
     
    
Assistant: