Devyani International Limited's board of directors convened on February 4, 2026, approving significant strategic decisions including a major acquisition and capital restructuring. The meeting, held from 11:00 AM to 11:55 AM, resulted in key approvals that will strengthen the company's market position in the food and beverages sector, with formal regulatory disclosures filed under SEBI Listing Regulations.

Strategic Acquisition of Sky Gate Hospitality

The board approved the acquisition of approximately 11.4% additional equity stake in Sky Gate Hospitality Private Limited from its promoters and founders. This strategic move will transform Sky Gate into a wholly-owned subsidiary of Devyani International.

Sky Gate Hospitality Profile

Sky Gate Hospitality Private Limited, incorporated on July 28, 2015, operates in the food and beverages industry with a strong financial track record. The company has demonstrated consistent growth over the past three years.

*Note: FY2025 figures exclude turnover from Krazy Kebab Co. and Peanutbutter and Jelly Private Limited.

Share Capital Restructuring

The board approved comprehensive re-classification of the company's authorized share capital, subject to shareholder and regulatory approvals. The restructuring involves modification of the capital clause in the Memorandum of Association.

Preference Share Issuance

As part of the acquisition consideration, the board approved issuance of up to 3,00,000 fully paid-up non-convertible redeemable preference shares to Sky Gate's promoters and founders.

Regulatory Compliance and Approvals

The company has filed comprehensive disclosures under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, with both NSE and BSE. The transaction constitutes a related party transaction as Sky Gate is already a subsidiary of Devyani International. However, the company's promoter group has no interest in Sky Gate, and the proposed investment is conducted at arm's length.

The board has initiated the postal ballot process to seek equity shareholders' approval for the proposed transactions. The acquisition requires no governmental or regulatory approvals beyond standard shareholder consent procedures, aligning with Devyani International's expansion strategy in the food and beverages sector.

Devyani International Limited has published extracts of its unaudited financial results for the quarter and nine months ended December 31, 2025, in newspapers as part of regulatory compliance under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication

The company's Board of Directors, at its meeting held on February 4, 2026, considered and approved the unaudited financial results for Q3FY26. Chief Sustainability Officer and Company Secretary Pankaj Virmani signed the regulatory filing to both National Stock Exchange of India Limited and BSE Limited, ensuring compliance with stock exchange requirements.

Financial Results Accessibility

The complete financial results, along with limited review reports, have been disseminated on the company's website at https://dil-rjcorp.com/financial-results.pdf . The company has also provided a QR code for easy access to the financial documents, demonstrating its commitment to transparency and stakeholder communication.

Previous Financial Performance Context

The company had earlier reported Q3FY26 consolidated revenue from operations of ₹14,409.00 million, marking an 11.30% increase from the corresponding quarter last year. The leading Quick Service Restaurant operator also made available the audio recording of its investor and analyst conference call held on February 4, 2026, following the quarterly results announcement.

Corporate Structure and Leadership

The regulatory filing was signed by Manish Dawar, Whole-time Director and CFO (DIN: 00319476), on behalf of the Board of Directors. The company maintains its registered office at F-2/7, Okhla Industrial Area, Phase-I, New Delhi-110020, with its corporate office located at Plot No-18, Sector-35, Gurugram-122004, Haryana.

Brand Portfolio and Market Presence

Devyani International operates a diversified portfolio of Quick Service Restaurant brands including KFC, Pizza Hut, Costa Coffee, Tealive, Sanook Kitchen, New York Fries, Vaango, Goila Butter Chicken, and Biryani By Kilo. The company's extensive network spans across multiple cities in India and international markets, making it one of the leading QSR operators in the region.

Source: Company Filing