Devyani International Limited, one of India's largest Quick-Service Restaurant (QSR) companies and franchisee partner for global brands including KFC, Pizza Hut and Costa Coffee, has announced the publication of its inaugural Sustainability Report for FY2024-25. This milestone represents the company's commitment to embedding sustainability across its business operations and transparent ESG disclosure practices.

Report Framework and Standards

The sustainability report has been prepared with reference to internationally recognized frameworks including Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. The report aligns with India's evolving sustainability and disclosure requirements, including Business Responsibility and Sustainability Reporting (BRSR), ensuring comprehensive coverage of environmental, social and governance aspects.

Environmental and Social Initiatives

The report highlights Devyani International's focus on environmental stewardship through multiple initiatives designed to reduce environmental impact and promote sustainable operations. Key environmental efforts include:

• Energy-efficiency initiatives across restaurant operations
• Rooftop solar installations to harness renewable energy
• Responsible waste management practices

On the social impact front, the company has implemented comprehensive programmes addressing employee welfare and community development:

• Inclusive employment practices promoting diversity
• Community outreach programmes supporting local communities
• Employee well-being initiatives ensuring workforce satisfaction

Governance and Leadership Commitment

Strong governance frameworks form the cornerstone of DIL's sustainability strategy, supported by Board-level oversight and transparent ESG disclosures. The company has established robust mechanisms to ensure accountability and continuous improvement in sustainability performance.

Mr. Varun Jaipuria, Promoter and Non-Executive Director, Devyani International Limited, commented on the release: "Publishing our first Sustainability Report is a proud milestone that underscores Devyani International's dedication to embedding sustainability across our business. Through meaningful ESG initiatives — from operational efficiency to inclusive social impact — we are committed to balancing growth with responsibility."

Company Profile and Operations

Devyani International Limited operates one of India's largest chain quick service restaurant networks, with over 2,000 stores across more than 280 cities in India, Thailand, Nigeria, and Nepal. The company holds the distinction of being the largest franchisee of Yum! Brands in India and Nepal, while serving as the sole franchisee in India for several international brands including Costa Coffee, Tea Live, New York Fries, and Sanook Kitchen.

The company's portfolio includes strong indigenous brands such as Vaango, a South Indian vegetarian cuisine concept, and The Food Street, a food court format. DIL has also strengthened its Indian cuisine offerings through the acquisition of Sky Gate Hospitality, which owns popular brands including Biryani By Kilo and Goila Butter Chicken.

Devyani International Limited has issued a postal ballot notice seeking shareholder approval for shifting its registered office from the National Capital Territory of Delhi to the State of Haryana. The company announced this corporate restructuring initiative through a regulatory filing dated January 7, 2026.

Board Approval and Strategic Rationale

The Board of Directors approved the registered office shift proposal during their meeting held on January 1, 2026. The company's current registered office is located at F-2/7, Okhla Industrial Area, Phase-I, New Delhi – 110020, while its day-to-day operations are conducted from the corporate office situated at Plot No. 18, Sector-35, Industrial Estate, Gurugram- 122004 in Haryana.

The strategic move aims to achieve better administrative and economic control while enabling the company to rationalize and streamline its operations. Additionally, RJ Corp Limited, the holding company, and other group companies primarily operate from Gurugram, Haryana, making this consolidation operationally beneficial.

Postal Ballot Process and Timeline

The company has structured the approval process through remote e-voting exclusively, in compliance with regulatory guidelines. Key details of the voting process include:

The postal ballot notice, dated January 5, 2026, will be sent electronically to all shareholders whose email addresses are registered with the company, Registrar and Share Transfer Agent, or Depository Participants as of the cut-off date.

Regulatory Compliance and Approvals

The proposed registered office shift requires multiple levels of approval under the Companies Act, 2013. The resolution falls under Sections 12, 13, and 110 of the Act, necessitating:

• Shareholder approval through special resolution via postal ballot
• Central Government approval (delegated to Regional Director)
• Consequential amendment to Clause II of the Memorandum of Association

The company has appointed Mr. Neeraj Arora, Company Secretary (CP No. 16186), or alternatively Mr. Kapil Dev Taneja (CP No. 22944) from M/s Sanjay Grover & Associates as Scrutinizer for conducting the postal ballot process.

Operational Benefits and Impact

The management believes this registered office shift will be beneficial for the company, shareholders, and all stakeholders without being detrimental to public, shareholder, creditor, or employee interests. The consolidation aligns with the company's operational footprint, as the corporate office and holding company operations are already based in Haryana.

Upon successful completion of the voting process and regulatory approvals, the existing Clause II of the Memorandum of Association will be substituted to reflect: "The registered office of the Company will be situated in the State of Haryana." The results, along with the Scrutinizer's report, will be communicated to stock exchanges and made available on the company's website and NSDL platform.