DEVYANIBSEDevyani International LtdHighNeutral
Announced Fri, 15 May · 12:38 IST

Re-appointment of Whole-time Director

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹117.91
prior close
₹116.90
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AI summary

Devyani International's Board approved the re-appointment of Mr. Manish Dawar as Whole-time Director (President & CEO) for a fresh 3-year term from February 17, 2027, subject to shareholder approval at the upcoming AGM. The company also appointed Mr. Gaurav Bhatnagar (ex-Hindustan Unilever and Amazon India) as EVP & COO – India from May 25, 2026, and changed Mr. Pradeep Das's designation to Chief Growth & International Business Officer from the same date. Additionally, VGG & Co. was re-appointed as Internal Auditors for FY 2026-27. Manish Dawar is a Chartered Accountant with over two decades of experience across multinational companies.

Likely market impact

The re-appointment of the CEO provides leadership continuity at Devyani International, which operates Pizza Hut, KFC, and Costa Coffee brands. The appointment of a senior executive with strong FMCG and e-commerce experience signals focus on operational improvement and growth.