GIC Private Limited has reduced its stake in Sapphire Foods India Ltd following an open market transaction on June 10, 2026. The acquirer, acting on behalf of the Government of Singapore and the Monetary Authority of Singapore, sold a total of 4,002,532 equity shares carrying voting rights. This sale reduced GIC's shareholding to 5.003% of the total paid-up share capital, a decrease from the previous holding of 6.248%.

The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, the entities held a combined 20,079,810 equity shares. The sale comprised 3,550,458 shares held on behalf of the Government of Singapore and 452,074 shares held on behalf of the Monetary Authority of Singapore.

Shareholding Details

The change in shareholding affects the acquirer's position relative to both the total share capital and the total diluted share capital of the company. The total equity share capital of Sapphire Foods India Ltd remained unchanged at 321,382,905 shares, while the total diluted share capital stood at 330,383,755 shares as of the quarter ended March 31, 2026.

Post-Transaction Holdings

After the disposal, the acquirer's total holding in the company stands at 16,077,278 equity shares carrying voting rights. This represents 5.003% of the total paid-up share capital and 4.866% of the total diluted share capital. The Government of Singapore now holds 14,261,397 shares, while the Monetary Authority of Singapore holds 1,815,881 shares.

Sapphire Foods India Limited has announced significant changes to its senior management personnel, including the resignation of the President and Chief Executive Officer of its KFC Business. The company disclosed that Deepak Taluja has resigned from his position, effective from the close of business hours on July 24, 2026. The leadership transition involves the elevation of existing executives to fill the vacancy and manage the Pizza Hut Business operations.

Management Transition

The company stated that Deepak Taluja will continue to discharge his duties during the notice period until his resignation becomes effective. Consequently, the board has appointed Vikrant Vohra, currently serving as Executive Vice President and Chief Executive Officer of the Pizza Hut Business, to the position of President and Chief Executive Officer of the KFC Business. This appointment is effective from July 25, 2026.

New Appointments

In a related move, Sapphire Foods has appointed Saurabh Girdhar as Assistant Vice President and Chief Operating Officer of the Pizza Hut Business. Girdhar was previously serving as Chief Operating Officer for the Pizza Hut Business in Bangalore and Kerala. His elevation is effective from July 25, 2026, and he will be designated as a Senior Management Personnel of the company.

Executive Profiles

Vikrant Vohra brings nearly two decades of experience in the hospitality sector, having worked with major brands such as The Park, Hyatt, Taj, and Marriott International. At Sapphire Foods, he has previously led operations for KFC in Karnataka, Kerala, and West India before taking charge of the Pizza Hut Business. Saurabh Girdhar is a hotel management graduate with over 17 years of experience in the Quick Service Restaurant (QSR) industry, having previously worked with Yum India and Devyani International.

The disclosures were made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.