Devyani International Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DEVYANI · price
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Devyani International Limited (operator of KFC, Pizza Hut and Costa Coffee in India) has disclosed the results of a Postal Ballot conducted between February 7 and March 8, 2026. Two special resolutions were passed with strong shareholder approval: (1) reclassification of the company's Authorised Share Capital with amendments to the Memorandum of Association, approved by 95.32% of votes polled; and (2) issue of Non-convertible Redeemable Preference Shares (NCRPS) on a private placement basis, approved by 95.25% of votes polled. Promoters voted 100% in favour of both resolutions, while around 81-82% of institutional public shareholders and over 99.9% of non-institutional public shareholders supported the proposals. The total equity share capital on the record date stood at Rs. 123.29 crore (1,23,28,72,291 shares of Re. 1 each), and nearly 88% of outstanding shares participated in the voting.
The reclassification is an administrative restructuring of authorised capital, while the NCRPS private placement signals a planned capital raise from select investors, which could strengthen the company's balance sheet. For existing equity shareholders, NCRPS are non-dilutive (not convertible into equity) and redeemable, so there is no immediate dilution risk, though fresh capital inflow may support future expansion of Devyani's QSR business.