Coffee Day Enterprises Limited (CDEL) has announced significant changes in its shareholding structure and resolved a long-standing issue with the Income Tax Department. The company, known for its popular café chain Café Coffee Day, has made these disclosures in a recent filing to the stock exchanges.

Share Transfer to AHIH Resorts

CDEL has revealed that 98,28,451 shares, representing 4.65% of the company's total paid-up capital, will be transferred from Mrs. Malavika Hegde, the CEO and Whole-time Director, to AHIH Resorts and Retreat Private Limited. This transfer is in compliance with a Debt Recovery Tribunal (DRT) order dated September 18, 2025.

Key details of the transaction include:

The company's board of directors approved this transaction on September 23, 2025. As a result of this transfer, AHIH Resorts and Retreat Private Limited will be added to the promoter group of Coffee Day Enterprises Limited.

It's important to note that despite this transfer, the overall shareholding of the promoter and promoter group will remain unchanged. The company clarified that this change is being made to update the shareholding register in accordance with SEBI (LODR) Regulations.

Income Tax Attachment Withdrawn

In a separate development, Coffee Day Enterprises has reported that the Income Tax Department has withdrawn its provisional attachment on the company's shares. This attachment was initially disclosed by the company on February 15, 2019, under section 281B of the Income Tax Act, 1961.

The withdrawal of this attachment marks the resolution of a significant regulatory issue that had been pending for over six years. This development is likely to provide relief to the company and its stakeholders.

Implications and Outlook

These announcements come at a crucial time for Coffee Day Enterprises, which has been working to stabilize its operations and financial position in recent years. The share transfer to AHIH Resorts and Retreat Private Limited, while not changing the overall promoter holding, represents a significant shift in the company's ownership structure.

The resolution of the Income Tax Department's provisional attachment could potentially improve the company's financial flexibility and may be seen as a positive step towards addressing its regulatory challenges.

As Coffee Day Enterprises continues to navigate through these changes, investors and market watchers will be keenly observing how these developments impact the company's future strategies and performance in the competitive Indian café and retail sector.

Coffee Day Enterprises Limited (CDEL) has announced a change in its shareholding structure, with the transmission of shares belonging to the late promoter V G Siddhartha to Mrs. Malavika Hegde. This development marks a transition in the ownership of the company following the demise of its founder.

Key Details of the Share Transmission

• 9,99,658 equity shares, representing a 0.47% stake, were transmitted from the late promoter VG Siddhartha to Malavika Hegde.
• This transmission has increased Malavika Hegde's shareholding from 0.73% to 1.20%.
• Consequently, VG Siddhartha's holding has been reduced from 0.57% to 0.10%.
• The company received an intimation from the promoter regarding the share transmission.
• Coffee Day Enterprises has informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this development.
• The communication to the stock exchanges was made by Sadananda Poojary, the Company Secretary and Compliance Officer of Coffee Day Enterprises Limited.

Regulatory Compliance

According to the LODR (Listing Obligations and Disclosure Requirements) data, the share transmission is in compliance with:

• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

The company has submitted the necessary intimation letters and documents to the stock exchanges for record purposes.

Implications for Coffee Day Enterprises

This share transmission represents a shift in the company's ownership structure. Mrs. Malavika Hegde, who has now received the shares, may play a role in the future direction of Coffee Day Enterprises. The move ensures continuity in the promoter's stake and could provide stability to the company's governance structure.

Coffee Day Enterprises Limited, known for its chain of Café Coffee Day outlets, has been navigating challenges since the passing of its founder, V G Siddhartha. This share transmission is a step in the company's efforts to maintain operational continuity and shareholder confidence.