Appointment of Mr. Avik Chatterjee as Chief Executive Officer of the Company.
SPECIALITY · price
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Speciality Restaurants Limited's Board meeting on May 19, 2026 approved two key items: (1) Mr. Avik Chatterjee, currently Whole-Time Director, has been elevated to CEO and KMP effective June 1, 2026. He joined the company in 2015 as Head of Innovation, was inducted to the Board in 2020, and has driven growth for brands like Mainland China and Asia Kitchen while launching new formats including Episode, Gong, and Walters QSR. (2) The company reported FY2026 standalone revenue of Rs. 45,359 Lakhs (up 9.8% from Rs. 41,308 Lakhs), profit before tax of Rs. 2,945 Lakhs, and net profit of Rs. 2,295 Lakhs. The Board recommended a dividend of Rs. 1 per share (10%) for shareholder approval at the September 11, 2026 AGM. Auditors gave unmodified opinions on both standalone and consolidated results.
The internal promotion of Mr. Avik Chatterjee to CEO signals continuity and succession planning. Investors may view this positively as he brings over a decade of company experience and has been instrumental in brand revitalization and new format launches. The company also delivered steady revenue and profit growth with a modest dividend payout.