Travel Food Services has entered into a licensing agreement with Delhi International Airport Limited (DIAL) for operations at Delhi's Terminal 3, marking a significant development in the company's airport food services portfolio.

Strategic Partnership Details

The licensing deal establishes a formal partnership between Travel Food Services and DIAL, enabling the company to operate food and beverage services at Delhi's Terminal 3. This agreement represents a strategic expansion of the company's presence in one of India's busiest airport terminals.

Market Positioning

Delhi's Terminal 3 serves as a major hub for domestic and international passengers, providing Travel Food Services with access to substantial passenger traffic. The licensing agreement positions the company to capitalize on the consistent flow of travelers requiring food and beverage services.

This partnership aligns with Travel Food Services' focus on airport-based operations, where the company can leverage its expertise in providing quality food services in high-traffic transportation hubs. The agreement demonstrates the company's ability to secure strategic locations within India's aviation infrastructure.

Business Implications

The licensing deal with DIAL represents an expansion of Travel Food Services' operational footprint in the airport services sector. Terminal 3 at Delhi airport handles significant passenger volumes, offering the company opportunities to serve both domestic and international travelers.

The agreement establishes Travel Food Services as an authorized service provider within the terminal, enabling the company to develop and operate food service outlets according to airport standards and passenger requirements.

Travel Food Services Limited has announced a significant extension of its airport operations through its material subsidiary. The company informed stock exchanges on January 9, 2026, about a crucial license agreement extension that will allow continued operations at one of India's busiest airports.

License Agreement Extension Details

Travel Food Services (Delhi Terminal 3) Private Limited (TFS Delhi T3), a material subsidiary of the company, entered into Supplementary License Agreement No. 10 with Delhi International Airport Limited (DIAL) on January 5, 2026. This agreement extends the existing license term that was scheduled to expire on February 28, 2026.

Operational Scope and Terms

Under the extended agreement, TFS Delhi T3 will continue operating 28 Food and Beverage outlets at Terminal 3 of Indira Gandhi International Airport in New Delhi. The subsidiary will maintain its operations according to the terms established in the original Amendment and Reinstatement License Agreement dated July 21, 2017.

The agreement specifies that payment of license fees, minimum guarantee amounts, and other charges will continue as per the previously agreed terms. This extension provides operational continuity for the company's airport food service operations at one of India's major international gateways.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that this contract does not involve any related party transactions and that promoter groups have no interest in the entity awarding the contract.

Strategic Implications

This seven-month extension provides Travel Food Services with continued access to the high-traffic Terminal 3 at Delhi's international airport. The agreement maintains the company's established presence in airport food services, allowing uninterrupted operations of its 28 outlets during the extended period. The extension demonstrates the ongoing business relationship between TFS Delhi T3 and Delhi International Airport Limited, building on their partnership that began with the original 2017 agreement.