Vegorama Punjabi Angithi Ltd has appointed Ayushman Thakur as its new Finance Head, succeeding Rajiv Vohra who resigned from the position effective July 21, 2026. The management transition was disclosed to the stock exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring continuity in the company's financial leadership.

Mr. Rajiv Vohra resigned from his role as Finance Head and Senior Management Personnel (SMP) on July 21, 2026. He held a Bachelor of Commerce degree from Delhi University and possessed seven years of experience in accounting and finance. His tenure included responsibilities such as budgeting, forecasting, financial reporting, and analytical review. He had been associated with the company since October 1, 2023.

Taking over the financial operations is Mr. Ayushman Thakur, a Chartered Accountant with expertise in finance, accounting, taxation, and regulatory compliance. Prior to this appointment, he was serving as the Finance Head at Vegorama Group, overseeing financial planning, statutory compliance, and internal controls. His previous experience includes a stint at Deloitte India, where he advised multinational clients on indirect taxation and GST compliance.

The following table outlines the key details of the management change:

The company confirmed that there are no specific relationships to disclose regarding the appointment of the new director under the regulatory requirements. The appointment is effective immediately, ensuring no gap in the company's financial oversight.

Vegorama Punjabi Angithi Limited reported a 39% year-on-year increase in revenue from operations to ₹14,086.87 lakh for the financial year ended March 31, 2026. The net profit for the period rose 47% to ₹1,203.71 lakh, driven by operational efficiency and an expanding cloud kitchen network. The company disclosed these financial metrics in its investor presentation submitted to BSE Limited on July 16, 2026.

The company’s EBITDA for FY26 stood at ₹1,705.29 lakh, a 47% increase compared to the previous year, with an EBITDA margin of 12.11%. The net profit margin improved to 8.54% from 8.08% in FY25. Earnings per share (EPS) diluted increased to ₹9.54 from ₹6.48 in the prior year.

Financial Performance

The revenue growth was supported by a diversified business model spanning cloud kitchens, takeaway, catering, and fine dining. The cost of materials consumed increased to ₹6,742.33 lakh from ₹5,057.78 lakh in FY25. Total expenses for FY26 were recorded at ₹12,440.82 lakh.

Operational Expansion

Vegorama Punjabi Angithi Limited operates a hub-and-spoke kitchen model to ensure consistent quality and operational efficiency. The company commenced operations at new locations in June 2026, including facilities in Dwarka, New Delhi. Geographically, Delhi contributed the highest share of revenue at 52.68%, followed by Haryana at 24.78% and Uttar Pradesh at 18.80%.

The company’s asset-light cloud kitchen model supports its growth strategy, focusing on high population density areas with strong online food demand. Brands under the company include Punjabi Angithi, Dilli Tawa Parantha, Chinese Veg Crunch, Food of Dreams, and Swaad of Punjab.

Financial Position

The total shareholders’ funds as of FY26 stood at ₹2,637.27 lakh, up from ₹1,433.55 lakh in the previous year. The company’s total assets increased to ₹3,399.13 lakh. Cash and cash equivalents decreased to ₹686.94 lakh from ₹842.03 lakh at the end of FY25, primarily due to investing activities.

The investor presentation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.