<SUBMISSION>
<ACCESSION-NUMBER>0001171520-15-000230
<TYPE>SC 13D/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20150317
<DATE-OF-FILING-DATE-CHANGE>20150317
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>Castle Brands Inc
<CIK>0001311538
<ASSIGNED-SIC>2080
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>FL
<FISCAL-YEAR-END>0331
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
<ACT>34
<FILE-NUMBER>005-82363
<FILM-NUMBER>15705362
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>122 EAST 42ND STREET
<STREET2>SUITE 4700
<CITY>NEW YORK
<STATE>NY
<ZIP>10168
<PHONE>646-356-0200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>122 EAST 42ND STREET
<STREET2>SUITE 4700
<CITY>NEW YORK
<STATE>NY
<ZIP>10168
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>I.L.A.R. S.p.A.
<CIK>0001448585
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>L6
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>VIA TIBURTINA, 1314
<CITY>ROMA
<STATE>L6
<ZIP>00131
<PHONE>011-39-06-419-0344
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>VIA TIBURTINA, 1314
<CITY>ROMA
<STATE>L6
<ZIP>00131
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>eps6175.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 1in; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1in; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Washington,
DC 20549</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">SCHEDULE 13D/A</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INFORMATION TO BE INCLUDED IN STATEMENT
FILED PURSUANT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TO &sect; 240.13d-1(a) AND AMENDMENTS THERETO
FILED PURSUANT TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&sect; 240.13d-2(a)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Amendment
No. 2)</B></FONT><B><FONT STYLE="font-family: Symbol"><SUP>*</SUP></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: 14pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 14pt"><B>Castle Brands Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">(Name of Issuer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><B>Common Stock, par value $0.01 per share</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">(Title of Class of Securities)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><B>148435100</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">(CUSIP Number)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><B>Keith M. Pinter</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><B>825 Third Avenue, 26<SUP>th</SUP> Floor</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><B>New York, New York 10022</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><B>Telephone: (212) 573-0668</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><B>February 19, 2015</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">(Date of Event Which Requires Filing of this Statement)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If the filing person
has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of &sect;&sect; 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box&nbsp;<FONT STYLE="font-family: MS Mincho">&#9744;</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>Note.</I> Schedules
filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. <I>See</I> &sect;
240.13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">*The remainder of
this cover page shall be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover
page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The information
required on the remainder of this cover page shall not be deemed to be &ldquo;filed&rdquo; for purpose of Section 18 of the Securities
Exchange Act of 1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, <I>see</I> the <I>Notes</I>).</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">CUSIP No. 148435100</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">13D/A</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10.5pt">Page 2 of 4 Pages</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">1</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Names of Reporting Persons</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>Pallini S.p.A. (formerly known as I.L.A.R. S.p.A.)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">2</FONT></TD>
    <TD COLSPAN="6" STYLE="font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">Check The Appropriate Box if a Member of a Group</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt">(see instructions)</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">(a)&nbsp;&nbsp;&nbsp;&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">(b)&nbsp;&nbsp;&nbsp;&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">3</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">SEC Use Only</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">4</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Source of Funds</FONT>
        (see instructions)</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>WC</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">5</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">Check
if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)</FONT>&nbsp;&nbsp;&nbsp;&#9744;</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">6</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Citizenship or Place of
        Organization</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>Italy</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; padding: 1.45pt 5.75pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Number
        of</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Shares</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Beneficially</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Owned
        by</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Each</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Reporting</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Person With</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt">7</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Sole Voting Power</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>7,196,801 </B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt">8</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Shared Voting Power</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>0</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt">9</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Sole Dispositive Power</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>7,196,801 </B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10.5pt">10</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Shared Dispositive Power</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>0</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">11</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Aggregate Amount Beneficially
        Owned by Each Reporting Person</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>7,196,801</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">12</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">Check
if the Aggregate Amount in Row (11) Excludes </FONT><FONT STYLE="font-size: 10pt; text-transform: uppercase">Certain Shares</FONT><FONT STYLE="font-size: 10pt">
(see instructions)</FONT> &nbsp;&nbsp;&nbsp;&#9745;</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>(1)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">13</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Percent of Class Represented
        by Amount in Row 11</FONT></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>4.58% </B>(2)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">14</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Type of Reporting Person</FONT>
        (see instructions)</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0"><B>CO</B></P></TD></TR>
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">(1) Excludes 114,412 shares owned by Gabriel Fiduciaria S.v.L.,
trustee for Virgilio Pallini, an officer and director of, and holder of shareholder voting rights in, the Reporting Person, as
to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4. Excludes vested options to acquire 155,505
shares owned by Micaela Pallini, an officer and director of the Reporting Person, as to which the Reporting Person disclaims beneficial
ownership pursuant to Rule 13d-4.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">(2) The calculation of the percentage is based on 156,953,950
Common Shares outstanding as of February 12, 2015, as reported by the Issuer.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 39%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">CUSIP No. 148435100</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">13D/A</FONT></TD>
    <TD STYLE="width: 36%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10.5pt">Page 3 of 4 Pages</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 13D/A</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT NO. 2 TO SCHEDULE 13D</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This Amendment No. 2 to Schedule 13D (this &ldquo;Amendment&rdquo;)
amends Item 5 of the Schedule 13D (the &ldquo;Original 13D&rdquo;) filed by Pallini S.p.A. (formerly known as I.L.A.R. S.p.A.),
a corporation organized under the laws of Italy (the &ldquo;Reporting Person&rdquo;) with the Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on October 13, 2008, as previously amended by Amendment No. 1 filed by the Reporting Person on March 6,
2014 (as previously amended, the &ldquo;Amended 13D&rdquo;) with respect to the common stock, par value $0.01 per share (the &ldquo;Common
Shares&rdquo;), of Castle Brands Inc., a Florida corporation and successor by merger to Castle Brands Inc., a Delaware corporation
(the &ldquo;Issuer&rdquo;), by furnishing the information set forth below.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Item 5. Interest in Securities of the Issuer</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) and (b)&nbsp;&nbsp;&nbsp;&nbsp;Items 5(a)
and 5(b) are hereby deleted in their entirety and replaced with the following:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Reporting Person beneficially owns Common
Shares as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; font: 9pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 9pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 18%; font: 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Number of</B></FONT><BR>
<FONT STYLE="font-size: 9pt"><B>Common Shares</B></FONT></TD>
    <TD STYLE="width: 17%; font: 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Sole or Shared</B></FONT><BR>
<FONT STYLE="font-size: 9pt"><B>Voting </B></FONT></TD>
    <TD STYLE="width: 15%; font: 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Sole or Shared</B></FONT><BR>
<FONT STYLE="font-size: 9pt"><B>Dispositive</B></FONT></TD>
    <TD STYLE="width: 17%; font: 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>% of Total</B></FONT><BR>
<FONT STYLE="font-size: 9pt"><B>Outstanding</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 9pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 9pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 9pt">Pallini S.p.A</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 9pt">7,196,801<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 9pt">Sole</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 9pt">Sole</FONT></TD>
    <TD STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 9pt">4.58%<SUP>(2)</SUP></FONT></TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt">(1)</TD><TD>Excludes 114,412 shares owned by Gabriel Fiduciaria S.v.L., trustee for Virgilio Pallini, an officer and director of, and holder
of shareholder voting rights in, the Reporting Person, as to which the Reporting Person disclaims beneficial ownership pursuant
to Rule 13d-4. Excludes vested options to acquire 155,505 shares owned by Micaela Pallini, an officer and director of the Reporting
Person, as to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt">(2)</TD><TD STYLE="text-align: justify">The calculation of the percentage is based on 156,953,950 Common Shares outstanding as of February
12, 2015, as reported by the Issuer.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 39%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 10.5pt">CUSIP No. 148435100</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10.5pt; text-transform: uppercase">13D/A</FONT></TD>
    <TD STYLE="width: 36%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10.5pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10.5pt">Page 4 of 4 Pages</FONT></TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dated as of February 19, 2015</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">Pallini S.p.A</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">By: /s/ Virgilio Pallini</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">Name: Virgilio Pallini</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">Title: Director</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



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