Devyani International Limited has informed the Exchange about execution of (a) the Share Subscription Agreement and Shareholders Agreement with Sky Gate Hospitality Private Limited ( Sky Gate ) and its Promoters/ Founders; and (b) Share Purchase Agreement with Promoters/ Founders to acquire additional equity stake in Sky Gate, in one or more tranches

Devyani International has signed agreements to increase its stake in subsidiary Sky Gate Hospitality Private Limited from ~80.72% to ~86.13% (on a fully diluted basis) through a cash consideration of up to Rs. 106.25 crore, to be completed in one or more tranches by July 31, 2025. Sky Gate owns food brands like 'Biryani By Kilo', 'Goila Butter Chicken', 'The Bhojan', 'Get-A-Way' and 'Krazy Kebab Co.', with consolidated unaudited turnover of ~Rs. 277 crore in FY25, up from Rs. 268 crore in FY24. This follows the earlier acquisition of 80.72% stake in June 2025, which was partly discharged by issuing 2.37 crore preferential equity shares. The transaction is classified as a related party transaction (being a subsidiary) but is being done at arm's length, and the funds will be used for further investments in Sky Gate's subsidiaries, operations, and general corporate purposes.