Restaurant Brands Asia Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025 to March 31, 2026, pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report is prepared on a standalone basis and covers the company's operations across India, with subsidiary companies located in Indonesia. The BRSR is also available on the company's website at www.burgerking.in .

Company Overview and Operations

Restaurant Brands Asia Limited, formerly known as Burger King India Limited (CIN: L55204MH2013FLC249986), is a fast-growing Quick Service Restaurant (QSR) chain in India with its registered office at 2nd Floor, ABR Emerald, Plot No. D-8, Street No. 16, MIDC, Andheri (East), Mumbai – 400 093. The company's paid-up capital stood at ₹5,82,87,62,870/- as at March 31, 2026. The company reported a turnover of ₹22,717.23 Million and a net worth of ₹21,093.31 Million for the reporting period.

As at March 31, 2026, the company operated across the following locations:

Food and beverage service activities (NIC Division 56) accounted for 98.95% of total turnover, with all inputs sourced directly from within India (100%) and 2% directly from MSMEs/small producers in both FY 2025-26 and FY 2024-25.

Workforce and Employee Well-being

The company's total workforce as at the end of FY 2025-26 comprised 12,372 employees. Women represented approximately 37% of the total workforce. The company employed 83 differently-abled team members under its Taare Humare initiative, which provides employment opportunities to individuals with speech and hearing impairments.

Employee turnover rates for permanent employees over the past three financial years are as follows:

All 10,620 permanent employees were covered under health insurance and accident insurance (100%). The cost incurred on well-being measures as a percentage of total revenue was 0.23% in FY 2025-26, compared to 0.26% in FY 2024-25. Gross wages paid to females as a percentage of total wages stood at 28.88% in FY 2025-26, up from 26.40% in FY 2024-25.

Environmental Performance

The company's energy consumption was entirely from non-renewable sources during FY 2025-26. Key environmental metrics are summarised below:

All water withdrawal was sourced from third parties. The company has invested ₹33 crore towards energy efficiency initiatives, contributing to improved energy efficiency and a reduction in greenhouse gas emissions. Solar systems have been implemented at eight stores under the company's sustainability initiative.

Waste Management

Plastic waste is recycled through the Extended Producer Responsibility (EPR) programme; the company has successfully completed its EPR target for FY 2025-26. Sustainable sourcing by the company stood at approximately 18.16%, which includes RSPO-certified palm oil used directly or indirectly in India.

Governance, Ethics, and Stakeholder Engagement

The company's BRSR policies cover all nine NGRBC Principles and have been approved by the Board. No monetary or non-monetary penalties, fines, or punishments were recorded during FY 2025-26. No disciplinary actions were taken against any Directors, KMPs, or employees for bribery or corruption charges in either FY 2025-26 or FY 2024-25.

The company received 2,64,666 customer complaints in FY 2025-26 (compared to 1,16,249 in FY 2024-25), the majority pertaining to ordering inaccuracies and food product experience, all of which were addressed and resolved with nil pending at year-end. A total of 11 POSH complaints were filed during FY 2025-26 (15 in FY 2024-25), of which 7 were upheld (10 in FY 2024-25). The company facilitated the collection of ₹23.34 lakhs from customers, which was donated in its entirety to the Army Central Welfare Fund.

Material ESG Issues

The company has identified 14 material responsible business conduct issues. Key risks and opportunities include:

• Risks: Food Safety, Cyber Security, Climate Change, Supply Chain sustainability, Employee Well-being, Regulatory Compliance, Social Media, and Utility Supply (LPG and PNG)
• Opportunities: Waste Management, Diversity & Inclusion, Employee Health & Safety, Human Capital Development, Governance, and Renewable Power

Mr. Rajeev Varman (DIN: 03576356), Whole-time Director and Group Chief Executive Officer, is the highest authority responsible for implementation and oversight of the Business Responsibility policies and decisions on all sustainability-related issues. The company is affiliated with two national trade and industry associations: the Retail Association of India and the National Restaurant Association of India (NRAI).

Restaurant Brands Asia Limited (formerly Burger King India Limited) has dispatched the notice for its 13th Annual General Meeting (AGM) to be held on Thursday, August 20, 2026, via Video Conferencing or Other Audio Visual Means. The meeting, commencing at 11:00 a.m. Indian Standard Time, will see shareholders vote on the adoption of audited financial statements for the financial year ended March 31, 2026, and critical board changes resulting from a recent acquisition of control by new promoters.

The primary governance updates involve the re-appointment of Mr. Rafael Odorizzi De Oliveira as a director liable to retire by rotation and the appointment of two new Non-Executive Non-Independent Directors: Mr. Madhusudan Bhagwandas Agrawal and Mr. Aayush Madhusudan Agrawal. These appointments follow a Share Purchase Agreement dated January 20, 2026, wherein QSR Asia Pte. Ltd., F&B Asia Ventures (Singapore) Pte. Ltd., Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Inspira Agro Trading LLC acquired control of the company effective July 7, 2026. The new promoters have exercised their right under the Articles of Association to nominate directors to the Board.

Key Resolutions and Director Profiles

The Board of Directors recommends the following ordinary resolutions for shareholder approval:

Mr. Madhusudan Bhagwandas Agrawal brings over four decades of executive experience, including his role at Ajanta Pharma Limited. His son, Mr. Aayush Madhusudan Agrawal, is an entrepreneur who scaled Lenexis Foodworks Private Limited into one of India's largest homegrown quick service restaurant operators with over 250 kitchens. Mr. Aayush Madhusudan Agrawal is also the ultimate beneficial owner of Lenexis Foodworks Private Limited, which holds 29,72,32,943 shares of the company, along with direct holdings and trusts totaling significant stake.

Voting and Meeting Logistics

Shareholders holding shares as on the cut-off date of Thursday, August 13, 2026, are eligible to vote. Remote e-voting will commence on Sunday, August 16, 2026, at 9:00 a.m. IST and conclude on Wednesday, August 19, 2026, at 5:00 p.m. IST. The voting process is being scrutinized by M/s. Mehta & Mehta, Company Secretaries, appointed by the Board. Results will be declared within two working days of the AGM conclusion.

Institutional shareholders must submit authorization copies by Tuesday, August 18, 2026, at 11:00 a.m. The meeting will be conducted in compliance with Ministry of Corporate Affairs Circular No. 03/2025 and SEBI Listing Regulations, dispensing with physical attendance and proxy facilities. Shareholders are advised to update their email addresses with Depository Participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to access the digital Annual Report and voting credentials.