Devyani International Limited has informed the Exchange about Agreements

Devyani International's board has approved a Scheme of Arrangement to merge Sapphire Foods India Limited (SFIL) into DIL, with an appointed date of April 1, 2026. Under the swap ratio, DIL will issue 177 equity shares (Re. 1 each) for every 100 SFIL shares (Rs. 2 each), making SFIL shareholders part of the combined entity. As part of the deal, DIL and SFIL have signed a binding term sheet with Yum India to acquire 19 KFC stores for INR 90 crore, plus pay INR 320 crore for additional territory rights on the scheme's effective date. The promoter of SFIL (Sapphire Foods Mauritius) will first transfer its 18.5% stake (about 5.94 crore shares) in SFIL to Arctic International, which can then assign it to a financial investor. Post-merger, DIL's promoter holding will drop from 61.37% to 47.83%, while public shareholding rises to 52.17%. The scheme is subject to NCLT, CCI, and stock exchange approvals. Separately, DIL also approved shifting its registered office from Delhi to Haryana, pending shareholder approval.