Sapphire Foods India Ltd

GIC Private Limited, acting as investment manager for the Government of Singapore and the Monetary Authority of Singapore, has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding a change in its shareholding in Sapphire Foods India Ltd. The disclosure details an acquisition of 4,002,532 equity shares, representing 1.245% of the total share capital. Following this transaction, GIC's total holding in Sapphire Foods India stands at 16,077,278 equity shares, accounting for 5.003% of the total share capital. The acquisition was made through the open market on June 10, 2026.

Sapphire Foods India Ltd has received show cause notices from the Assistant Commissioner (ST), Koyambedu Assessment Circle, Chennai, Tamil Nadu, regarding alleged excess Input Tax Credit availed. The authorities have issued demand notices cumulatively amounting to ₹977.06 million under Section 73 of the Tamil Nadu SGST Act 2017 for the periods April 2022 to March 2023 and April 2023 to March 2024. Sapphire Foods is evaluating the notice and believes the claim is not maintainable, with no material impact expected on its financial or operational activities.

Sapphire Foods India Ltd. has officially shifted its registered office from Maharashtra to Haryana following regulatory approvals. The Registrar of Companies, Haryana, registered the change on May 18, 2026. The new registered office is located at SCO 328, Sector - 9, Panchkula -134109, Haryana. The former registered office in Mumbai will remain the corporate office. Consequently, the Corporate Identification Number (CIN) has been updated to L55204HR2009PLC145722.

Sapphire Foods India Ltd has announced the promotion of Mr. Punit Jhunjhunwala, currently Vice President and Head - Finance & Accounts, to Sr. Vice President and Deputy CFO, effective from the close of business hours on May 4, 2026. Mr. Jhunjhunwala will continue to report to Mr. Vijay Jain, Executive Director & CFO. He has been with the company for over eight years and has experience with Zee Entertainment and Tata Steel.

Sapphire Foods India Limited has provided additional details regarding the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer (Senior Management Personnel). This clarification comes after BSE Limited requested further information on his departure. Mr. Patel tendered his resignation to pursue new challenges and opportunities outside the organization, with no other material reasons cited. He will serve his notice period until June 1, 2026, or an alternative date determined by the company's management. This update supplements the initial corporate announcement from April 28, 2026.

Sapphire Foods India Ltd reported its best Q4 in 12 quarters for SSSG and Adjusted EBITDA growth, primarily driven by KFC's strong performance. For Q4 FY26, revenue grew 11% YoY to ₹7898 Mn, with KFC revenue increasing 15% (highest in 8 quarters) while Pizza Hut India revenue declined 6%. Consolidated Adjusted EBITDA rose 20% YoY to ₹610 Mn, achieving a 7.7% margin. The company expanded its footprint by adding 19 KFC and 2 Pizza Hut restaurants in India, and 3 Pizza Hut in Sri Lanka, bringing the total restaurant count to 1,052. KFC's SSSG was 4% (6% excluding Chaitra Navratri), the highest in 14 quarters, though Pizza Hut's SSSG declined 7%.

Sapphire Foods India Ltd's Board of Directors met on April 28, 2026, to approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, with an unmodified opinion. The Board also noted the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer. Furthermore, the Board approved the re-appointment of Mr. Sanjay Purohit as Whole Time Director & Group CEO for a five-year term, subject to shareholder approval. Independent Directors Mr. Sunil Chandiramani, Ms. Deepa Wadhwa, and Ms. Anu Aggarwal were re-appointed for a second term, and Mr. Sumeet Narang's appointment as Non-Executive Nominee Director was continued.

Sapphire Foods India Ltd's Board approved the audited financial results for Q4 and FY ended March 31, 2026. The company also announced significant management changes, including the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer. Furthermore, the Board recommended the re-appointment of Mr. Sanjay Purohit as Whole Time Director & Group CEO for a five-year term, effective July 23, 2026. Mr. Sunil Chandiramani, Ms. Deepa Wadhwa, and Ms. Anu Aggarwal were re-appointed as Independent Directors for a second term. The continuation of Mr. Sumeet Narang as Non-Executive Nominee Director was also noted. All re-appointments are subject to shareholder approval at the upcoming 17th Annual General Meeting.

Sapphire Foods India Ltd's Board of Directors met on April 28, 2026, approving the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026, with an unmodified auditor's opinion. The Board also noted the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer. Furthermore, the Board approved the re-appointment of Mr. Sanjay Purohit as Whole Time Director & Group CEO for a second term of five years, effective July 23, 2026. Independent Directors Mr. Sunil Chandiramani, Ms. Deepa Wadhwa, and Ms. Anu Aggarwal were re-appointed for a second term, and Mr. Sumeet Narang's appointment as Non-Executive Nominee Director was continued, all subject to shareholder approval.

Sapphire Foods India Limited's Board of Directors met on April 28, 2026, to approve the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. The board also noted the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer. Additionally, the re-appointment of Mr. Sanjay Purohit as Whole Time Director & Group CEO, and Independent Directors Mr. Sunil Chandiramani, Ms. Deepa Wadhwa, and Ms. Anu Aggarwal for a second term, along with the continuation of Mr. Sumeet Narang as Non-Executive Nominee Director, was approved, subject to shareholder approval.