Restaurant Brands Asia Sees Promoter Change Post-Acquisition

Restaurant Brands Asia Ltd announced significant changes following a Securities Subscription Agreement (SSA) and Share Purchase Agreement (SPA). Lenexis Foodworks Private Limited (Acquirer 1) and other acquirers have been allotted equity shares and warrants. The company's Board noted the completion of share transfers, resulting in the Acquirers and IATL gaining control and becoming the new promoters. Consequently, QSR Asia Pte. Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd. have ceased to be promoters and are reclassified as public shareholders. The Board also accepted the resignations of three Non-Executive Non-Independent Directors and approved the appointment of Mr. Madhusudan Bhagwandas Agrawal and Mr. Aayush Madhusudan Agrawal as Additional Non-Executive Non-Independent Directors, with Mr. Madhusudan Bhagwandas Agrawal also appointed as Chairman of the Board.