Travel Food Services has entered into a license agreement with Bangalore International Airport Limited to operate a Food & Beverage (F&B) outlet at Terminal 1 of Kempegowda International Airport, Bengaluru. The agreement, dated June 3, 2026, grants the company the right to manage the outlet for a period of five years, expanding its footprint in the aviation hospitality sector. The development was disclosed to the stock exchanges on June 18, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The license was awarded by Bangalore International Airport Limited (BIAL), a domestic entity. Under the terms of the contract, Travel Food Services Limited will operate the F&B outlet and is obligated to pay a license fee, a minimum guarantee amount, and other charges as specified in the agreement. The company confirmed that the contract is not a related party transaction and was executed at arm's length.

Contract Specifications

The disclosure provided to the exchanges outlines the key parameters of the contract, including the duration and the nature of the consideration involved.

The company stated that neither the promoters nor the group companies hold any interest in Bangalore International Airport Limited. The agreement is part of the company's broader strategy to secure operational licenses in high-traffic transit hubs.

SSP Asia Pacific Holdings Limited has confirmed that it did not create any encumbrance, directly or indirectly, on the equity shares of Travel Food Services Limited during the financial year 2025-26. This disclosure ensures that the shares held by the promoter group remain free from charges or liens, which is a key indicator of financial stability for shareholders.

The declaration was submitted to BSE Limited and the National Stock Exchange of India Limited on April 7, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to disclose any encumbrance on shares to maintain transparency in the market.

Regulatory Filing Details

The communication was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. A copy was also sent to the Audit Committee of Travel Food Services Limited.

Fiona Scattergood, Attorney, signed the declaration on behalf of SSP Asia Pacific Holdings Limited and the SSP Promoter Group. The filing confirms that the promoter group and persons acting in concert have adhered to the regulatory requirements regarding the status of their shareholding during the specified financial year.