Devyani International has received board approval for a comprehensive investment and financing structure totaling THB 1,210 Mn (INR 3,473 Mn) in its Thailand subsidiary Restaurants Development Co., Ltd. (RD). The Investment and Borrowing Committee, based on recommendations from the Audit, Risk Management & Ethics Committee, approved this strategic initiative on March 10, 2026.

Investment Structure and Details

The approved investment involves a multi-layered funding approach through the company's subsidiaries. Devyani International DMCC (DID) and Yellow Palm Co., Ltd. (Yellow) will jointly invest in RD to strengthen its balance sheet and fund long-term business requirements.

Funding Mechanism and Corporate Guarantee

To facilitate this investment, DID will raise THB 400 Mn (INR 1,148 Mn) through a convertible loan from Devyani International at 8.30% per annum. Additionally, DID will secure a short-term loan of THB 810 Mn (INR 2,325 Mn) from Axis Bank Limited, Dubai, which will be backed by a corporate guarantee from the parent company.

Target Company Profile

Restaurants Development Co., Ltd. operates a chain of 274 KFC restaurants in Thailand as of September 2023. The company has demonstrated consistent growth with a turnover of THB 6.13 billion for FY 2025, compared to THB 6.07 billion in CY 2024 and THB 5.67 billion in CY 2023.

Strategic Impact and Ownership Structure

The investment will be utilized in two primary areas: THB 810 Mn will retire existing DID debt, while the remaining funds will support RD's working capital and capital expenditure requirements. Post-investment, DID will hold a 49.00% stake in RD, while Yellow will maintain 51.00% ownership.

The corporate guarantee provided to Axis Bank Limited, Dubai will be treated as a contingent liability in the company's books of account, with the conversion rate applied at 1 Thai Baht (THB) = INR 2.87.

Devyani International Limited has announced its participation in CLSA India's 2nd On Road Consumer Tour 2026, scheduled for March 18, 2026. The company disclosed this information to stock exchanges under Regulation 30 of the SEBI Listing Regulations on March 12, 2026.

Event Details

The consumer tour will be conducted in physical mode at Gurugram, with Devyani International's representatives participating in a group meeting format. The event is organized by CLSA India as part of their consumer sector engagement initiatives.

Regulatory Compliance

The company has emphasized that no unpublished price sensitive information (UPSI) will be shared during the conference. This disclosure aligns with the company's commitment to maintaining transparency and adhering to regulatory requirements under the SEBI Listing Regulations.

Schedule Flexibility

Devyani International has noted that the schedule remains subject to potential changes due to exigencies on the part of either the event organizer or the company's representatives. The notification was signed by Pankaj Virmani, Chief Sustainability Officer & Company Secretary, ensuring proper corporate governance protocols were followed.

The participation in this consumer-focused tour reflects the company's engagement with the investment community and analysts covering the consumer sector. Such events typically provide platforms for companies to interact with institutional investors and research analysts in structured formats.