United foodbrands Limited has successfully completed its postal ballot process, with shareholders approving all four special resolutions related to employee stock option plans. The company announced the results on March 20, 2026, following the conclusion of remote e-voting on March 19, 2026.

Postal Ballot Results Overview

The postal ballot process commenced on February 18, 2026 at 09:00 AM (IST) and concluded on March 19, 2026 at 05:00 PM (IST). A total of 185 members participated in the remote e-voting process, with all resolutions achieving the requisite majority for approval.

Approved Resolutions

Shareholders approved four special resolutions, all related to employee stock option plans:

• Resolution 1: Re-pricing of Employee Stock Options granted during financial year 2023-24 under the "Barbeque Nation Hospitality Limited – Employee Stock Option Plan 2015" with revised vesting period
• Resolution 2: Re-pricing of Employee Stock Options granted during financial years 2023-24 and 2024-25 under the "Barbeque Nation Hospitality Limited – Employee Stock Option Plan 2022" with revised vesting period
• Resolution 3: Modification of the "Barbeque Nation Hospitality Limited – Employee Stock Option Plan 2015"
• Resolution 4: Modification of the "Barbeque Nation Hospitality Limited – Employee Stock Option Plan 2022"

Detailed Voting Results

The voting results demonstrated strong support across all shareholder categories:

Shareholder Category Participation

The voting participation varied across different shareholder categories:

Promoter and Promoter Group

• Total Shares Held: 13,420,288
• Votes Polled: 13,398,351 (99.84% participation)
• Support: 100% in favour across all resolutions

Public Institutions

• Total Shares Held: 10,333,681
• Votes Polled: 8,770,523 (84.87% participation)
• Support: 58.95% in favour, 41.05% against

Public Non-Institutions

• Total Shares Held: 15,332,418
• Votes Polled: 6,493,224 (42.35% participation)
• Support: Over 99.80% in favour across all resolutions

Scrutinizer's Report

Parameshwar G. Bhat, Practicing Company Secretary (FCS No. 8860, CP No. 11004), served as the appointed scrutinizer for the postal ballot process. His report dated March 20, 2026, confirmed that all resolutions were passed with requisite majority and deemed approved on March 19, 2026.

The scrutinizer verified votes from 185 members through the e-voting platform provided by Central Depository Services (India) Limited (CDSL). Invalid votes totaling 46,370 were recorded in the Public Non-Institutions category due to lack of proper authorization.

Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, along with relevant rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the voting results and scrutinizer's report available on its website at www.barbequenation.com under the Investor Relations section.

United Foodbrands Limited has entered into a significant loan agreement with its subsidiary Red Apple Kitchen Consultancy Private Limited, valued at ₹10 crore. The agreement was executed on March 10, 2026, as part of the company's strategy to support its subsidiary's capital expenditure requirements and business expansion initiatives.

Loan Agreement Details

The unsecured loan facility comes with specific terms designed to support Red Apple's operational and expansion needs. The borrower will utilize the funds exclusively for its principal business activities, focusing on capital expenditure and business growth.

Interest Rate Structure

The loan carries a competitive interest rate structure tied to market conditions. The annual interest rate is calculated as the company's average bank interest rate plus 0.5%. However, the agreement includes a protective floor mechanism ensuring the interest rate does not fall below the prevailing yield of government securities with similar tenor.

Corporate Relationship and Compliance

United Foodbrands maintains a controlling stake in Red Apple Kitchen Consultancy Private Limited, holding 89.05% of the subsidiary's paid-up share capital. This substantial shareholding reflects the strategic importance of the subsidiary within the group's business portfolio.

Regulatory Compliance

The transaction falls under related party transactions as defined by SEBI regulations, specifically Regulation 23 read with Regulation 2(1)(zc) of the SEBI (LODR) Regulations. The company has confirmed that the agreement has been executed on an arm's length basis, ensuring compliance with regulatory requirements.

The loan agreement does not grant any special rights to the lender, maintaining a straightforward commercial arrangement between the parent company and its subsidiary. United Foodbrands has disclosed this information to both BSE and NSE as required under Regulation 30 of the SEBI (LODR) Regulations.