Devyani International Limited has successfully obtained shareholder approval for shifting its registered office from the National Capital Territory of Delhi to the State of Haryana through a postal ballot process. The special resolution was passed with an overwhelming majority of 99.998% votes in favor.

Voting Results and Participation

The postal ballot process witnessed strong shareholder participation across all categories. The detailed voting breakdown demonstrates the broad-based support for the proposed relocation:

Process Details and Timeline

The remote e-voting process was conducted from January 8, 2026 at 09:00 A.M. (IST) to February 6, 2026 at 5:00 P.M. (IST). A total of 861 shareholders participated in the voting process through the NSDL e-voting platform. The company published advertisements regarding the postal ballot notice on January 8, 2026 in Financial Express (English) and Jansatta (Hindi) newspapers.

Company Financial Structure

As on the cut-off date of January 2, 2026, the company's capital structure comprised:

Scrutinizer Oversight

Neeraj Arora (FCS No.: 10781, CP No.: 16186), Partner of M/s Sanjay Grover & Associates, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors at their meeting held on January 1, 2026. The scrutinizer confirmed that the resolution was passed with requisite majority on February 6, 2026.

Regulatory Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been uploaded on the company's website and NSDL's e-voting portal as per regulatory requirements.

The approved resolution enables the company to shift its registered office and make consequential amendments to Clause II of its Memorandum of Association, marking a significant corporate restructuring decision supported by shareholders across all categories.

Devyani International has announced significant operational milestones, including achieving breakeven brand EBITDA for Biryani By Kilo and Sky Gate ahead of schedule. The company continues its strategic restructuring of the Pizza Hut business while demonstrating improved performance across other brand segments.

Early Breakeven Achievement

The company has successfully reached breakeven brand EBITDA for both Biryani By Kilo and Sky Gate brands earlier than anticipated. This achievement demonstrates the effectiveness of the company's operational strategies and brand management across its diversified portfolio.

Pizza Hut Strategic Restructuring

Devyani International has outlined a clear timeline for its Pizza Hut business restructuring. The company will not open new Pizza Hut locations during 2025 and 2026, maintaining its focus on profitability over expansion. The only exception to this policy will be replacement stores for unprofitable outlets that are being closed.

Operational Focus and Brand Portfolio

The company's approach reflects a strategic shift toward sustainable profitability across its brand portfolio. While Pizza Hut undergoes restructuring through selective closures and operational refinement, the early breakeven achievement for Biryani By Kilo and Sky Gate demonstrates successful brand management and operational execution in other segments.

This dual approach of restructuring underperforming segments while accelerating profitable brands positions Devyani International for improved overall financial performance across its diversified restaurant portfolio.