Devyani International Ltd

Devyani International Ltd (DIL) has announced an update on its acquisition and investment activities. The company's subsidiaries, DID and Yellow, have completed additional investments in Restaurants Development Co. (RD), maintaining their 49% and 51% shareholding respectively. DIL has also received approval for the conversion of a THB 400 Mn loan into equity for DID, which will increase DIL's shareholding in DID from approximately 51% to 56.7%. Furthermore, DID has fully repaid a short-term loan of USD 25.50 million from Axis Bank, and DIL's corporate guarantee has been released. The net investment in RD amounts to approximately THB 400 Mn (INR 1,148 Mn).

Devyani International Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. Insiders are advised not to trade in the company's securities during this period. The date for the board meeting to approve these financial results will be communicated separately.

Devyani International Ltd has received observation letters with 'no objection' from NSE and 'no adverse observations' from BSE regarding its Scheme of Arrangement. This follows an earlier board approval, subject to statutory and regulatory approvals. The company has also received comments from SEBI on the draft scheme, which include compliance with specific regulations, disclosure of ongoing proceedings, obtaining CCI approval before filing with NCLT, and ensuring financial data is not older than six months. The scheme remains subject to approvals from shareholders, creditors, and relevant authorities.

Nippon India Mutual Fund, acting on behalf of its schemes, has acquired an additional 949,925 shares, representing 0.0770% of the total share capital, in Devyani International Limited through open market transactions. This acquisition, which occurred between November 17, 2025, and June 11, 2026, brings Nippon India Mutual Fund's total holding in Devyani International to 7.0597% (87,042,317 shares). The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Devyani International Ltd announced that its wholly-owned subsidiary, Sky Gate Hospitality Private Limited, has had a demand order from the Income Tax Department for INR 59.52 million quashed. The original demand, issued under Section 143(3) of the Income-tax Act, 1961 for Assessment Year 2024-25, pertained to alleged excess premium on share issuance. Sky Gate had filed a rectification application under Section 154 of the Income Tax Act, which has now been accepted by the Deputy Commissioner of Income Tax, leading to the cancellation of the demand order. This resolves a potential financial liability for the subsidiary.

Devyani International Ltd (DIL) announced its Q4 FY26 financial results, with revenues reaching ₹14,369 million, an 18.5% YoY increase. KFC India's revenue grew by 14.6% YoY, while Pizza Hut India saw a 3.5% YoY decrease. The company's FY26 revenues reached ₹56,115 million. DIL is progressing with its merger with Sapphire Foods, expecting synergies and growth acceleration. The company is also strengthening its management team and focusing on technology and automation.

Devyani International Ltd's board re-appointed M/s. VGG & Co., Chartered Accountants, as the Internal Auditors for the Financial Year 2026-27. The decision was made during the board meeting held on May 15, 2026, which commenced at 11:00 A.M. and concluded at 12:15 P.M. The re-appointment details are disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Devyani International Ltd's board re-appointed Mr. Manish Dawar as Whole-time Director (President & CEO) for 3 years effective February 17, 2027, subject to shareholder approval. Mr. Gaurav Bhatnagar was appointed as EVP & COO – India, effective May 25, 2026. Mr. Pradeep Das's designation changed to ‘Chief Growth & International Business Officer’ from May 25, 2026. M/s. VGG & Co. were re-appointed as Internal Auditors for FY 2026-27.

Devyani International Ltd has announced the grant of 426,300 stock options under its Employees Stock Option Scheme 2021 (ESOP 2021). The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board at its meeting held on May 15, 2026. Each option is convertible into one fully paid-up equity share with a face value of Re. 1 each. The exercise price is set at ₹103.50 per stock option, and the options can be exercised within five years from the vesting date, with a minimum one-year gap between grant and vesting.

Devyani International Ltd's board re-appointed Mr. Manish Dawar as Whole-time Director (President & CEO) for 3 years effective February 17, 2027, subject to shareholder approval. Mr. Gaurav Bhatnagar was appointed as EVP & COO – India, effective May 25, 2026. Mr. Pradeep Das was redesignated as ‘Chief Growth & International Business Officer’ also effective May 25, 2026. M/s. VGG & Co. were re-appointed as Internal Auditors for FY 2026-27.