Devyani International Limited has announced significant changes in its senior management team with the resignation of two key executives. The company disclosed these developments to stock exchanges on December 12, 2025, in compliance with regulatory requirements.

Senior Management Departures

Two senior management personnel have resigned from their positions effective from the close of business hours on December 12, 2025:

Resignation Details

Both executives cited personal reasons and the pursuit of new career opportunities outside the organization as the primary factors behind their decision. Mr. Dinesh Hariharan submitted his resignation on December 10, 2025, requesting relief from his duties as CEO-Vaango. In his resignation letter, he expressed gratitude to colleagues for their support during his tenure and wished the company success in all its endeavors.

Leadership Transition

Mr. Kamaljit Singh Bedi, who served as CEO for Costa Coffee and Airport Business, also submitted his resignation on December 10, 2025. In his detailed resignation letter, he described the decision as being made after careful consideration. Bedi acknowledged the exceptional team of colleagues he worked with and expressed deep gratitude for the trust, support, and collaboration extended to him during his journey with the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited, providing complete details of the personnel changes as required by regulatory frameworks.

Company Response

Both departing executives expressed confidence in the continued success of Devyani International. The resignations represent a significant change in the company's leadership structure across two key business verticals - the Vaango brand and the Costa Coffee and Airport Business segments. The company has not yet announced replacement appointments for these positions.

Devyani International Limited has received an ESG rating of 64 from NSE Sustainability Ratings Analytics Limited, the company announced in a regulatory filing on December 11, 2025. The rating was assigned voluntarily and reflects the company's environmental, social, and governance practices.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited.

Stakeholder Communication

Devyani International has made the ESG rating information accessible to stakeholders by uploading the details on the company's official website at www.dil-rjcorp.com . This ensures transparency and allows investors and other stakeholders to review the company's sustainability performance metrics.

The disclosure was signed by Pankaj Virmani, who serves as both Chief Sustainability Officer and Company Secretary, highlighting the company's integrated approach to sustainability governance and corporate compliance.