Devyani International Limited has announced its participation in CLSA India's 2nd On Road Consumer Tour 2026, scheduled for March 18, 2026. The company disclosed this information to stock exchanges under Regulation 30 of the SEBI Listing Regulations on March 12, 2026.

Event Details

The consumer tour will be conducted in physical mode at Gurugram, with Devyani International's representatives participating in a group meeting format. The event is organized by CLSA India as part of their consumer sector engagement initiatives.

Regulatory Compliance

The company has emphasized that no unpublished price sensitive information (UPSI) will be shared during the conference. This disclosure aligns with the company's commitment to maintaining transparency and adhering to regulatory requirements under the SEBI Listing Regulations.

Schedule Flexibility

Devyani International has noted that the schedule remains subject to potential changes due to exigencies on the part of either the event organizer or the company's representatives. The notification was signed by Pankaj Virmani, Chief Sustainability Officer & Company Secretary, ensuring proper corporate governance protocols were followed.

The participation in this consumer-focused tour reflects the company's engagement with the investment community and analysts covering the consumer sector. Such events typically provide platforms for companies to interact with institutional investors and research analysts in structured formats.

Devyani International has announced board approval for a comprehensive scheme of amalgamation involving three wholly-owned subsidiaries, marking a significant corporate restructuring initiative to streamline operations and enhance business synergies.

Board Approval and Regulatory Disclosure

The Board of Directors approved the merger scheme during their meeting held on March 10, 2026, which commenced at 4:00 PM and concluded at 4:15 PM, based on recommendations from the Audit, Risk Management and Ethics Committee. The scheme involves the amalgamation of Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited with Devyani International Limited.

Financial Profile of Merging Entities

The merger involves entities with varying financial profiles, consolidating operations across different business segments. The financial data as of March 31, 2025, reveals the scale and scope of the consolidation.

Business Operations and Market Presence

Devyani International operates as the largest franchisee of Yum Brands in India, managing over 2,000 stores across more than 280 cities in India, Nigeria, Nepal, and Thailand as of December 31, 2025. The company holds exclusive franchisee rights for Costa Coffee, Tea Live, New York Fries, and Sanook Kitchen in India, while owning brands like Biryani By Kilo, Goila Butter Chicken, and Vaango.

The three subsidiaries being merged operate a combined chain of more than 100 outlets, including dine-in restaurants and cloud kitchens across 40+ cities, with presence in Delhi NCR, Mumbai, Kolkata, and Bengaluru. Sky Gate is among the first to introduce the 'Handi Biryani' concept and deliver freshly prepared biryani.

Strategic Rationale and Regulatory Compliance

The merger aims to achieve better business synergies, optimize resource utilization, reduce operational costs and corporate tiers, while increasing overall efficiency to maximize stakeholder value. Since all transferor companies are wholly-owned subsidiaries, no fresh shares will be issued, and the shareholding pattern remains unchanged.

Under SEBI regulations, the company is not required to obtain 'No Objection Letter' from stock exchanges as the transferor companies are direct and indirect wholly-owned subsidiaries. The scheme requires statutory approvals from shareholders, creditors, the National Company Law Tribunal, and other regulatory authorities as applicable.