DEVYANINSEDevyani International LimitedHighNeutral
Announced Fri, 15 May · 12:37 IST

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

Management Changes View source PDF

DEVYANI · price

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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹117.91
prior close
₹116.79
base price
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-0.4-0.0+0.1+0.1-1.6+0.6-1.5-3.3-3.3-1.2-7.4-5.2-5.9
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AI summary

Devyani International's board approved the re-appointment of CEO Mr. Manish Dawar for another 3-year term starting February 17, 2027, subject to shareholder approval at the next AGM. The company also appointed Mr. Gaurav Bhatnagar as EVP & COO – India from May 25, 2026, bringing over two decades of FMCG and e-commerce experience from Hindustan Unilever and Amazon India. Additionally, Mr. Pradeep Das's designation was changed to Chief Growth & International Business Officer. Internal auditors VGG & Co. were re-appointed for FY 2026-27.

Likely market impact

The re-appointment of the CEO signals continuity in leadership, which should be viewed positively by investors. The new senior management hire with strong FMCG credentials may bring fresh operational expertise to drive growth.