Appointment of Internal Auditors
Awaiting price reaction for this filing.
Devyani International's board, at its May 23, 2025 meeting, approved the re-appointment of Mr. Virag Joshi as Whole-time Director for 3 years effective January 1, 2026, subject to shareholder approval. Three senior management personnel were appointed with immediate effect: Mr. Rohan Kichlu as CEO of Sanook & Tealive, Mr. Aditya Dev Pokhriya as COO of Food Court, and Mr. Nalin Kanaujia as Head of Legal. VGG & Co. was named Internal Auditors for FY 2025-26, while Sanjay Grover & Associates was appointed as Secretarial Auditors and Walker Chandiok & Co LLP was re-appointed as Joint Statutory Auditors, both for 5-year terms through 2030. The 34th Annual General Meeting was scheduled for July 28, 2025 via video conferencing.
These are routine governance and leadership updates with no red flags. The 5-year re-appointments of well-known audit firms signal continuity, while the new senior management hires suggest Devyani is strengthening leadership for its international brands and food court business, which could support operational execution.