Devyani International Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.

Management Changes View source PDF Explain this filing

DEVYANI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹117.91

prior close

₹116.98

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.5% vs market

Restaurants peers, median of 10sector+0.5%-0.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 0.4 pts less than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Devyani International's Board meeting on May 15, 2026 approved key leadership changes. The Board re-appointed Mr. Manish Dawar as Whole-time Director (President & CEO) for 3 years from February 17, 2027, pending shareholder approval at the ensuing AGM. The company also appointed Mr. Gaurav Bhatnagar as EVP & COO – India effective May 25, 2026, bringing over two decades of experience from Hindustan Unilever and Amazon India. Additionally, Mr. Pradeep Das's designation was changed to 'Chief Growth & International Business Officer'. M/s VGG & Co. was re-appointed as Internal Auditors for FY 2026-27.

Likely market impact

The re-appointment of the CEO provides continuity in leadership, which is positive for shareholders. The new senior hires with strong FMCG and e-commerce backgrounds may bring fresh operational expertise to drive growth.