Speciality Restaurants Limited has informed the Exchange regarding appointment of Mr. Avik Chatterjee as Chief Executive Officer of the Company.
SPECIALITY · price
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Speciality Restaurants Limited reported audited standalone financial results for FY2026 with revenue from operations of Rs. 45,359.41 Lakhs and profit after tax of Rs. 2,295.00 Lakhs. The Board recommended a dividend of Rs. 1.00 per share (10%) for shareholder approval at the AGM scheduled for September 11, 2026. Mr. Avik Chatterjee, currently a Whole-Time Director, has been appointed as CEO effective June 1, 2026, combining his existing WTD role with the CEO position. The demerger of Specialty Hotels India Private Limited, approved by NCLT in October 2025, has been accounted for with effect from October 1, 2022. Auditors Singhi & Co. gave an unmodified opinion on both standalone and consolidated results. The company also incorporated a new UAE subsidiary, Speciality Restaurants L.L.C-FZ, signaling international expansion plans.
The internal promotion of Mr. Avik Chatterjee to CEO demonstrates leadership continuity and reflects the company's confidence in his capabilities. The appointment, combined with the demerger completion and new subsidiary formation, indicates strategic repositioning for growth. The dividend recommendation maintains shareholder returns despite challenging operating conditions.