Travel Food Services Ltd

Travel Food Services 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, and the company's internal code of conduct. The window will be shut from July 1st, 2026, and will reopen 48 hours after the declaration of the un-audited financial results for the quarter ended June 30th, 2026. The date of the board meeting to approve these results will be communicated separately. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Travel Food Services Ltd has entered into a License Agreement with Bangalore International Airport Limited (BIAL) to operate one Food & Beverage (F&B) outlet at Terminal 1 of Kempegowda International Airport, Bengaluru. The agreement is effective from June 3, 2026, and will run for a period of 5 years. The company will pay license fees, minimum guarantee amounts, and other charges as per the agreement. This expansion into a major airport is a significant business development for Travel Food Services.

ICICI Prudential Mutual Fund, through its various schemes, has acquired 1,00,011 equity shares of Travel Food Services Ltd. on June 08, 2026, via open market purchase. This acquisition has increased its total shareholding to 66,06,276 shares, representing 5.017% of the paid-up capital. The fund stated that these acquisitions are for investment purposes and not to gain controlling interest. The total diluted share capital after acquisition stands at 13,17,50,896 shares.

Travel Food Services Limited (544443) announced it received a rectification order dated May 21, 2026, from the Office of the Commissioner of CGST and Central Excise, Mumbai Central. This order grants substantial relief by significantly reducing the earlier tax demand and penalty. The total demand has been reduced from INR 40,20,34,815/- (₹40.20 Cr) to INR 14,40,00,796/- (₹14.40 Cr), comprising a tax demand of ₹7.20 Cr and a penalty of ₹7.20 Cr. The company is evaluating the order and believes it has a strong case, intending to file an appeal against the remaining demand. The company states the demand has no material impact on its financials or operations.

The Nomination and Remuneration Committee of Travel Food Services Ltd, in its meeting held on May 25, 2026, cancelled an aggregate of 4,652 stock options previously granted under the ‘Travel Food Services - Employee Stock Option Plan’. These stock options have been credited back to the company's ESOP pool account. This action complies with SEBI Listing Regulations and has been disclosed on the company's website.

The Board of Directors of Travel Food Services Ltd has recommended a dividend of ₹10.25 per equity share with a face value of ₹1 each, fully paid up, subject to member approval at the upcoming Annual General Meeting. The dividend, if approved, will be paid within five days of the AGM, subject to applicable tax. The board also approved the audited financial results for the year ended March 31, 2026, with an unmodified opinion from the Statutory Auditors, B S R & Co. LLP. Additionally, Mr. Rituparn Sharma was appointed as Senior Vice President (Corporate Affairs) and designated as Senior Managerial Personnel.

Travel Food Services Ltd's Board approved audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. B S R & Co. LLP issued an unmodified opinion on the results. A dividend of ₹10.25 per equity share was recommended, subject to shareholder approval. Mr. Rituparn Sharma was appointed as Senior Vice President (Corporate Affairs) and designated as a Senior Managerial Personnel, effective May 25, 2026.

Travel Food Services Ltd's board approved audited financial results for FY26 and recommended a dividend of ₹10.25 per share, subject to shareholder approval. The board also approved the appointment of Mr. Rituparn Sharma as Senior Vice President (Corporate Affairs) and Senior Managerial Personnel (SMP), effective May 25, 2026. The decisions were made during the board meeting held on May 25, 2026.

Travel Food Services Ltd (TFS) announced its Q4 and FY26 audited financial results, reporting a consolidated PAT increase of 21.5% YoY to ₹4,523 million on an adjusted basis. System-wide sales rose by 25.4% YoY to ₹32,144 million. The company expanded its network to over 550 travel QSR outlets and lounges across 20 airports. The Board recommends a final dividend of ₹10.25 per share for FY26. The company is progressing with new unit mobilizations at Delhi, Navi Mumbai, Cochin, and Noida Airports.

Travel Food Services Ltd. announced its participation in the "360 ONE Capital (B&K) 16th Annual Global Investor Conference – TRINITY INDIA 2026" on May 27, 2026, in Mumbai. The company's officials will engage in one-to-one and group meetings. Discussions will be based on publicly available information, and no unpublished price-sensitive information will be disclosed. The information is available on the company's website.