Restaurant Brands Asia Limited has informed the Exchange regarding Proceedings of 12th Annual General Meeting held on August 21, 2025
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Restaurant Brands Asia Limited (formerly Burger King India) held its 12th Annual General Meeting on August 21, 2025, via video conferencing from 3:00 p.m. to 4:45 p.m. IST, chaired by Independent Director Mrs. Tara Subramaniam. CEO Mr. Rajeev Varman outlined the company's growth plans, targeting 800 restaurants in India by FY2029 through 60-80 new additions annually, while noting signs of revival in its Indonesia business. Five ordinary resolutions were tabled, including adoption of FY25 audited financial statements, re-appointment of Non-Executive Director Mr. Rafael Odorizzi De Oliveira, appointment of M/s. Mehta & Mehta as Secretarial Auditors, an increase in Authorized Share Capital with corresponding amendment to the Capital Clause of the Memorandum of Association, and approval of remuneration for Non-Executive Director Mr. Ajay Kaul. Shareholders participated through remote e-voting (August 17-20, 2025) and e-voting during the meeting.
This is a routine AGM proceedings disclosure; voting results and the scrutinizer's report are awaited. Shareholders should watch for the proposed increase in authorized share capital, as it could lead to future equity dilution if the company issues new shares. The growth target of 800 restaurants by FY2029 signals continued expansion ambitions.