Re-appointment of Whole-time Director

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DEVYANI · price

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

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₹117.91

prior close

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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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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.