RBA: Articles amended, new promoter group gets special board rights

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

RBA · price

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

-0.5%Reaction day

₹64.43

prior close

₹64.43

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.3% vs market

Restaurants peers, median of 10sector+0.1%-0.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.7 pts less than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.8+0.3+0.1-0.7

Next day

+1.4+1.8-0.4+1.1+0.3

+0.2+2.8-2.6+2.6-2.4

+0.2+2.3-2.0+2.6-2.3

-0.7+1.8-2.4+0.8-1.5

-0.7+0.3-0.9-0.2-0.5

-1.0+0.5-1.5+1.1-2.1

15d

-1.4-2.5+1.2-4.6+3.3

-2.0-6.3+4.3-9.0+7.0

-5.6-8.0+2.3-16.5+10.9

+4.8+8.3-3.5-11.7+16.4

UpDownMarket · Nifty Microcap 250Sector · Restaurants peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Restaurant Brands Asia (Burger King India) Board approved revised amendments to its Articles of Association and special rights for new acquirers: Lenexis Foodworks, Aayush Agrawal Trust, Inspira Foodworks, Mr. Aayush Agrawal, and Inspira Agro Trading LLC. They will be reclassified as promoters upon deal closing under the Jan 20, 2026 SPA. Current promoters QSR Asia and F&B Asia Ventures (Burger King entities) will cease to be promoters. New promoters get board nomination rights based on stake (4 directors at 25 percent, 3 at 15 percent, 2 at 10 percent). Subject to shareholder approval at upcoming EGM.

Likely market impact

Major promoter change underway, ownership shifting from Burger King global entities to domestic acquirers. Awaits shareholder approval.