Speciality Restaurants Limited has announced that its wholly owned subsidiary, Speciality Hotels India Private Limited (SHIPL), has ceased to be a wholly owned subsidiary following a preferential share allotment. The company informed BSE and NSE about this corporate development on January 16, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Share Allotment Details

On January 15, 2026, SHIPL completed a preferential allotment of equity shares to Esensos Services and Solutions LLP. The transaction details are structured as follows:

Change in Shareholding Structure

Following the preferential allotment, the shareholding structure of SHIPL has been modified. The number of equity shares held by Speciality Restaurants Limited in SHIPL remains unchanged, but the overall shareholding percentage has been diluted due to the issuance of new shares.

Financial Performance of SHIPL

As per the audited financial statements for the year ended March 31, 2025, SHIPL's financial position shows:

The subsidiary reported no income and maintained a negative net worth position during the last financial year.

Regulatory Compliance and Transaction Nature

The company has confirmed that this transaction qualifies as a related party transaction but has been conducted on an arm's length basis. The disclosure has been made in compliance with:

• Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The transaction does not involve any sale or disposal of the subsidiary, and the questions related to sale consideration, buyer details, and completion dates are not applicable in this case. The company has also confirmed that this transaction does not fall under any scheme of arrangement.

Corporate Information

Speciality Restaurants Limited, incorporated in 1999, operates in the hotels and restaurants sector. The company maintains its registered office in Mumbai and continues to hold a significant majority stake in SHIPL despite the change in subsidiary classification. The detailed disclosure and annexure have been made available on the company's website at www.speciality.co.in for stakeholder reference.

Speciality Restaurants Limited , a prominent player in India's restaurant industry, has announced the establishment of a new fully-owned subsidiary in Dubai and reported positive financial results for the second quarter.

Expansion into Dubai

The company has formed Speciality Restaurants L.L.C-FZ, a new wholly-owned subsidiary in Dubai, United Arab Emirates. This strategic move, aimed at investment purposes, involved an acquisition cost of AED 100,000 (approximately INR 22.50 lakhs). The expansion marks Speciality Restaurants' entry into the UAE market, potentially opening new avenues for growth in the Middle East region.

Q2 Financial Highlights

Specialty Restaurants has reported a strong performance for the second quarter:

• The company has maintained profitability for the 17th consecutive quarter.
• Same-store sales growth (SSSG) improved to 1.39% compared to -1.31% in the previous quarter.
• Gross margins increased to 70.40% from 69.30% year-on-year.
• EBITDA margins on an operational basis improved to 7.10% from 6.20%, excluding treasury income.

Key Operational Insights

• The delivery segment continues to contribute significantly, accounting for about 25% of the company's revenues.
• Spends on aggregator platforms remain steady at around 5% of revenues.
• The company is focusing on improving weekday dine-in business to enhance overall performance.

Expansion and Brand Strategy

Speciality Restaurants is pursuing a focused expansion strategy:

• The company opened Asia Kitchen Mainland China in Chandigarh's Elante Mall in October.
• A new brand, Siciliana, focusing on Italian and Mediterranean cuisine, is being expanded across the country.
• The management is prioritizing growth in the Asian cuisine segment, with Asia Kitchen by Mainland China as the primary expansion brand.
• Other focus areas include the Italian brand Siciliana, the QSR format Sweet Bengal, and Walter's Burger.

Financial Position

As of September, Speciality Restaurants reported a cash position of INR 157.42 crores, invested in mutual funds and INVITs.

Future Outlook

The company aims to open 8-10 new restaurants in the next 12 months, focusing on premises within the range of 2,500 to 3,000 square feet of carpet area. The management expects each new restaurant to generate annual revenues between INR 6-7 crores, with an initial CAPEX of approximately INR 4 crores per outlet.

Rajesh Kumar Mohta, CFO of Speciality Restaurants, expressed optimism about the upcoming quarter, stating, "October, November, December is one particular quarter which is the best of the quarters, and we see this as an opportunity for further growth."

As Speciality Restaurants continues to navigate the competitive landscape of the F&B industry, its strategic focus on core brands and expansion into new markets positions it for potential growth in the coming years.