Sapphire Foods India Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

Sapphire Foods India's board has approved a scheme of amalgamation with Devyani International Limited, with an appointed date of April 1, 2026. Under the swap ratio, shareholders of Sapphire Foods will receive 177 equity shares of Devyani International (face value INR 1) for every 100 shares held in Sapphire Foods (face value INR 2). As part of the deal, Sapphire Foods Mauritius (SFML) will sell its 5.94 crore shares (about 18.5% stake) to Arctic International, a group company of Devyani, before the scheme becomes effective. The company also signed a binding term sheet with Yum India and related entities to update commercial terms for KFC and Pizza Hut franchises. Additionally, the board approved shifting the registered office from Maharashtra to Haryana, which requires an amendment to the MOA and shareholder approval via postal ballot. The merger is subject to approvals from CCI, NCLT, stock exchanges, creditors, and shareholders.