Speciality restaurants Limited has announced the resignation of its Chief Operating Officer, Mr. Nripendra Chauhan, who will step down from his role effective April 1, 2026. The company informed both BSE and NSE about this senior management change through a regulatory filing dated March 31, 2026.

Resignation Details

Mr. Chauhan, who holds the designation of Senior Management Personnel (SMP), submitted his resignation letter on February 27, 2026. The departure marks the end of a significant 30-year journey with the organization, as mentioned in his resignation communication.

Reason for Departure

According to the regulatory disclosure, Mr. Chauhan has decided to pursue opportunities outside the company. In his resignation letter addressed to the management, he expressed mixed feelings of sadness and gratitude while confirming his commitment to ensure a smooth transition until his departure date.

Transition Arrangements

The outgoing COO has committed to supporting the organization during the transition period. Key aspects of the handover process include:

• Providing guidance and support to the team until March 31, 2026
• Ensuring smooth transition of responsibilities
• Completing all pending tasks before departure
• Knowledge transfer to facilitate continuity

Regulatory Compliance

Speciality Restaurants Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The company provided comprehensive details as required by the SEBI master circular bearing reference number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Information

The announcement was signed by Mr. Avinash Kinhikar, Company Secretary and Legal Head, on behalf of Speciality Restaurants Limited. The company maintains its registered office at Uniworth House, Gurusaday Road, Kolkata, with operational headquarters in Mumbai.

Speciality restaurants has announced that its subsidiary company completed a significant rights issue, resulting in changes to the ownership structure while maintaining its subsidiary status.

Rights Issue Details

Speciality Hotels India Private Limited (SHIPL), a subsidiary of Speciality Restaurants Limited, allotted equity shares to existing shareholders on March 30, 2026. The rights issue involved the allotment of shares at a premium to the existing shareholder base.

Impact on Share Capital and Ownership

Following the completion of the rights issue, SHIPL's financial structure has undergone notable changes. The paid-up share capital of the subsidiary has increased to ₹2,00,61,500 after the allotment of the new equity shares.

The rights issue has resulted in a significant dilution of the parent company's shareholding in its subsidiary. The ownership structure changes are detailed below:

Regulatory Compliance

The company has fulfilled its disclosure obligations under the Securities and Exchange Board of India regulations. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key compliance aspects include:

• Timely disclosure to stock exchanges
• Publication on company website at www.speciality.co.in
• Proper documentation and digital signing by Company Secretary & Legal Head Avinash Kinhikar

Despite the substantial dilution in shareholding percentage, SHIPL continues to remain a subsidiary of Speciality Restaurants Limited, ensuring continuity in the corporate structure and operational control.