Sapphire Foods India Limited has announced the successful completion of its postal ballot process for shifting the company's registered office from the State of Maharashtra to the State of Haryana. The special resolution received overwhelming support from shareholders, demonstrating strong confidence in the company's strategic decision.

Postal Ballot Results Overview

The postal ballot process concluded on 8th February 2026, with shareholders delivering a decisive mandate in favor of the proposed office relocation. The company reported comprehensive participation across different shareholder categories through the electronic voting mechanism.

Voting Results by Category

The voting results demonstrated strong support across all shareholder categories, with particularly robust backing from institutional investors and promoter groups.

Resolution Details

The special resolution specifically addressed the shifting of the company's registered office from Maharashtra to Haryana, along with consequential amendments to Clause II of the Memorandum of Association. The proposal required approval through a special resolution mechanism due to its significance for the company's corporate structure.

Key aspects of the approved resolution include:

• Complete relocation of registered office from Maharashtra to Haryana
• Amendment of the Memorandum of Association
• Compliance with regulatory requirements for interstate office transfers

Scrutinizer's Certification

Alwyn D'Souza of Alwyn D'Souza & Co., Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the voting process was conducted in full compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The final vote tally showed 311 members voting in favor with 27,41,69,611 votes (99.999%) and 18 members voting against with 2,832 votes (0.001%). No invalid or abstain votes were recorded during the process.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The company utilized electronic voting exclusively, with MUFG Intime India Private Limited providing the e-voting platform. The resolution became effective on 8th February 2026, completing the regulatory approval process for the office relocation.

Sapphire Foods India Limited has announced its Q3FY26 financial results, demonstrating revenue growth alongside profitability challenges. The company reported consolidated revenue of ₹8,138.29 million compared to ₹7,565.37 million in the corresponding quarter last year, while posting a net loss of ₹48.08 million against a profit of ₹127.32 million in Q3FY25.

Q3FY26 Financial Performance

The latest quarterly results show mixed performance with revenue growth offset by operational challenges and exceptional items:

The company achieved restaurant sales of ₹8,112 million with 7% year-over-year growth. Consolidated Restaurant EBITDA grew by 5% year-over-year with a margin of 15.0%, while Adjusted EBITDA declined 5% to ₹774 million with a margin of 9.5%.

Business Performance Highlights

Sapphire Foods demonstrated strong operational metrics during the quarter:

KFC India showed significant improvement with Restaurant EBITDA at 18.8%, while Pizza Hut Tamil Nadu continued delivering positive double-digit delta performance. The company added 27 KFC restaurants, 1 Pizza Hut in India, and 3 Pizza Hut outlets in Sri Lanka during the quarter.

Exceptional Items Impact

The company recorded exceptional items totaling ₹111.63 million during Q3FY26:

The Labour Code impact relates to the Government of India's notification of four consolidated Labour Codes, affecting employee benefit obligations.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company showed consistent revenue growth:

Regulatory Compliance and Corporate Actions

The Board of Directors approved several significant decisions during their meeting on February 6, 2026:

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made available its Press Release and Earnings Presentation for Q3FY26 on its website. Mr. Kushal Agarwal, a Director at TR Capital with 16 years of investing experience, has been appointed as Additional Director representing promoter shareholder Sapphire Foods Mauritius Limited. The company conducted its quarterly earnings conference call on February 6, 2026, featuring senior management to discuss the Q3FY26 performance with analysts and investors.