Coffee Day Enterprises has settled its outstanding loan obligations with Kemfin Services Private Limited for ₹25 crore. The company entered into a settlement agreement to achieve full and final resolution of all dues payable to the lender.

The transaction was executed through a One Time Settlement (OTS) mechanism. The primary objective cited by the company is the reduction of its overall debt liability. This move aims to streamline the balance sheet by clearing specific external borrowings.

Settlement details

The company informed the National Stock Exchange and BSE about the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure highlights that the payment of ₹25 crore constitutes the complete discharge of the debt owed to Kemfin Services Private Limited.

Regulatory compliance

The intimation was filed in compliance with the SEBI Master Circular dated January 30, 2026. Sadananda Poojary, Company Secretary and Compliance Officer, signed the document on October 1, 2026. The filing confirms that no further dues remain payable to Kemfin Services following this settlement.

Coffee Day Enterprises concluded its 18th Annual General Meeting on September 21, 2026, with shareholders approving all proposed ordinary resolutions. The voting results, filed on September 22, 2026, confirmed the adoption of audited financial statements and the re-appointment of a director.

The meeting was conducted through Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs Circular No.03/2025 and SEBI circular SEBI/HO/CFD/CFDPoD2/P/CIR/2024/133. It adhered to Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

Key Discussions

Chairperson and CEO Malavika Hegde delivered the chairperson’s speech. She highlighted key financial highlights of the retail coffee sector and the company’s hospitality business. She discussed changing consumer preferences and product innovation. She also addressed the impact of increased coffee costs during FY25-26 and actions taken to improve revenue and profitability.

An updated report by CrestLaw Partners was circulated to members. This independent law firm covered the recovery process and actions undertaken by the company and its subsidiaries for amounts due from Mysore Amalgamated Coffee Estates Limited and its affiliates.

Meeting Proceedings

The notice for the AGM was dispatched on August 24, 2026. It included the Report of Board of Directors, Auditors’ Report, and Secretarial Audit Report. These were taken as read during the meeting.

Eleven out of 27 registered speaker members addressed queries. The Chief Financial Officer responded to each query in detail. He provided comprehensive explanations on financial, operational, and other aspects of the company.

Members could cast votes via the NSDL e-Voting system from September 16, 2026, at 9:00 am until September 20, 2026, at 5:00 pm. The facility remained open for 15 minutes after the conclusion of the AGM.

Resolutions Passed

The following ordinary resolutions were transacted:

• Consideration and adoption of Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended March 31, 2026.
• Re-appointment of Ms. Sowrabhi Ramadas (DIN: 11002032), who retires by rotation and offered herself for re-appointment.

The Company Secretary authorized Sadananda Poojary to receive and declare voting results. The scrutinizer’s report was submitted to stock exchanges within two working days. Results are available on the company website.

What the Numbers Show

The voting data reveals a significant divergence in shareholder sentiment regarding the adoption of FY26 financial statements. While promoters voted 100% in favour, public institutions cast 71.38% of their polled votes against the resolution. In contrast, non-institutional public shareholders supported the adoption with 99.86% of their votes in favour. This institutional dissent occurred despite the overall resolution passing with requisite majority due to the combined weight of promoter and non-institutional support. For the director re-appointment, institutional opposition disappeared, with 100% of polled institutional votes supporting Ms. Ramadas.