Restaurant Brands Asia approved a 26% equity stake in a new renewable energy special purpose vehicle for up to ₹1.1 crore and injected capital into its Indonesian subsidiary through preference shares worth up to IDR 100 billion. The moves aim to reduce electricity costs via captive solar power and support business requirements in Indonesia.

The Borrowings, Investments, Loans and Finance Committee of the Board of Directors approved the transactions at a meeting held on September 16, 2026. The announcements were made under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Solar Energy Investment

The company will acquire a 26% equity stake in Navitas Anant Renewables Two Private Limited, a newly incorporated special purpose vehicle based in Surat, Gujarat. The SPV was incorporated on May 13, 2026, and has reported nil turnover as it is in the process of commencing operations.

The transaction is structured as a cash consideration deal not exceeding ₹1,10,00,000. Restaurant Brands Asia will not hold control over the SPV. The investment is intended to facilitate a group captive solar arrangement to supply power to the company’s restaurants across India, thereby reducing the unit rate of electricity purchased. The acquisition is not a related party transaction, and no governmental or regulatory approvals are required. Completion is expected by January 31, 2027.

Indonesia Subsidiary Funding

Restaurant Brands Asia also approved an investment in PT Sari Burger Indonesia, its subsidiary operating the Burger King brand in Indonesia. The company will subscribe to redeemable cumulative non-convertible preference shares with a nominal value of IDR 1,000,000 per share. The total investment will not exceed IDR 100 billion equivalent in INR, deployed in one or more tranches.

These preference shares carry no voting rights, meaning there will be no change in the equity shareholding structure of the subsidiary. The proceeds will be used by PT Sari Burger Indonesia to meet its business requirements. As this involves an investment in a subsidiary, the transaction falls within the ambit of related party transactions but will be executed at arm's length. No regulatory approvals are required, and completion is targeted by December 31, 2026.

What the Numbers Show

PT Sari Burger Indonesia operates 137 outlets in Indonesia as on March 31, 2026. Its standalone turnover has contracted over the last three fiscal years, falling from IDR 1,109,225.52 million in FY24 to IDR 965,168.88 million in FY25, before further declining to IDR 915,799.88 million in FY26. This consistent degrowth in revenue highlights the operational context for the fresh capital infusion aimed at meeting ongoing business requirements.

Restaurant Brands Asia Limited increased its stake in its Indonesian subsidiary, PT Sari Burger Indonesia, by subscribing to preference shares worth IDR 100 billion on September 15, 2026. The move reinforces the company’s capital commitment to its operations in Southeast Asia.

Restaurant Brands Asia executed the transaction at 1:10 pm (IST) on Tuesday. The investment involves the subscription of 1,00,000 redeemable cumulative non-convertible preference shares. Each share carries a nominal value of IDR 1,000,000.

Investment Details

The transaction was disclosed under Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015. The company stated that this update follows a previous intimation dated August 3, 2026, regarding the investment plan.

The filing confirms that the aggregate amount is equivalent in INR, though the specific rupee value was not disclosed in the announcement. The details comply with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Shweta Mayekar, Company Secretary and Compliance Officer, signed the disclosure.