Restaurant Brands Asia Limited has informed the Exchange regarding Proceedings of 01/2025-26 Extra-ordinary General Meeting held on February 13, 2026
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Restaurant Brands Asia (formerly Burger King India) held an Extra-Ordinary General Meeting on February 13, 2026 via video conferencing, chaired by Independent Director Tara Subramaniam. The key business items included raising approximately Rs 1,500 Crores through a preferential issue of about 12.86 crore equity shares and 8.57 crore warrants at Rs 70 per share. The EGM also considered increasing the authorised share capital from Rs 700 Cr to Rs 900 Cr, amending the Articles of Association to grant special rights to incoming promoters, and approving CEO Rajeev Varman's remuneration. CEO Rajeev Varman briefed shareholders on Q3FY26 performance and announced that Inspira Global is set to acquire a controlling stake in the company, which will trigger a mandatory open offer for public shareholders. Voting results from the EGM will be declared separately by the scrutiniser.
This is a material event for shareholders: a change of promoter to Inspira Global is likely to trigger an open offer at a potentially attractive price, while the Rs 1,500 Cr preferential issue will lead to significant equity dilution. Existing shareholders should watch for the voting results and the subsequent open offer details, as these will directly affect share price and ownership structure.