Coffee Day Enterprises Limited has informed the Exchange about change in Management
COFFEEDAY · price
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Coffee Day Enterprises has re-appointed Mrs. Malavika Hegde as Whole-time Director for another 5-year term starting 31 December 2025, subject to shareholder approval. Separately, she has been appointed as Chairperson of the company with immediate effect, also taking on the Chairperson role at material subsidiary Coffee Day Global Limited. Mrs. Hegde is from the promoter family and has been involved with the group's hospitality business since 2008, leading the debt turnaround and brand growth since 2020. She replaces Mr. S.V. Ranganath, former Chief Secretary of Karnataka, who steps down as Chairperson after guiding the company through its challenging period.
The move strengthens promoter family control at the board level by elevating Malavika Hegde to the Chairperson role while continuing as WTD, signalling continuity in the current turnaround strategy. For shareholders, this means leadership stability but also concentrated family influence; the re-appointment is still subject to shareholder vote.