Sapphire Foods India Limited has announced the resignation of Mr. Amar Patel from his position as Executive Vice President and Chief Technology Officer. The resignation was disclosed in a regulatory filing dated April 30, 2026, following additional information requirements from BSE Limited.

Resignation Details

The company provided comprehensive details about the senior management personnel change in compliance with SEBI regulations. Mr. Patel has decided to step down from his role to explore new professional opportunities outside the organization.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited had initially requested additional details regarding the resignation on April 29, 2026, following the company's board meeting outcome announcement dated April 28, 2026.

Sapphire Foods provided the required annexure with detailed reasons for the resignation as mandated by relevant SEBI circulars. The company confirmed that there are no other material reasons for Mr. Patel's departure beyond his stated intention to pursue new challenges elsewhere.

Transition Period

Mr. Amar Patel will continue to serve in his current capacity during the notice period, which extends until June 1, 2026, or such other date as may be decided by the company's management. This arrangement ensures a smooth transition of responsibilities during the leadership change in the technology division.

The resignation represents a significant change in Sapphire Foods' senior management structure, particularly in the technology leadership role. The company has fulfilled all regulatory disclosure requirements regarding this senior management personnel change.

Sapphire Foods India Limited held its board meeting on April 28, 2026, approving comprehensive financial results and significant leadership decisions. The meeting, which commenced at 12:30 p.m. and concluded at 1:40 p.m., addressed multiple critical corporate matters under Regulation 30 of SEBI Listing Regulations.

Financial Results Approval and Audit Opinion

The board considered and approved audited financial results for the quarter and year ended March 31, 2026, following recommendations from the Audit Committee. Deloitte Haskins & Sells, the company's statutory auditors, issued unmodified audit opinions on both standalone and consolidated financial statements.

Leadership Re-appointments and Changes

The board approved multiple director re-appointments subject to shareholder approval at the 17th Annual General Meeting. Sanjay Purohit will continue as Whole Time Director and Group CEO for five years from July 23, 2026, to July 22, 2031, or until the proposed merger with Devyani International Limited becomes effective.

Senior Management Departure

Amar Patel, Executive Vice President and Chief Technology Officer, has resigned from his position. According to the regulatory filing dated April 30, 2026, Mr. Patel tendered his resignation to pursue new challenges and opportunities outside the organisation. The company clarified there is no other material reason for the resignation beyond this stated reason. He will serve his notice period until June 1, 2026, or such other date as determined by management. This represents a significant change in the company's senior technology leadership.

Annual Financial Performance Overview

For the full year ended March 31, 2026, the company reported consolidated revenue of ₹31,253.17 million compared to ₹28,818.64 million in the previous year, representing 8.44% growth. However, the company recorded a consolidated loss after tax of ₹319.54 million against a profit of ₹167.04 million in FY25.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI Listing Regulations, the company published newspaper advertisements in Business Standard (All Editions) and Navshakti (Mumbai Edition) on April 29, 2026, regarding the financial results. The advertisement was signed by Sachin Dudam, Company Secretary and Compliance Officer, confirming regulatory compliance for the quarter and year ended March 31, 2026.

The comprehensive board meeting documentation includes detailed director profiles, relationship disclosures, and compliance confirmations under SEBI regulations. All re-appointed directors have been confirmed as not debarred from holding office by any regulatory authority. The company maintains its single reportable operating segment of restaurant operations under Ind AS 108.