Barbeque Nation Hospitality Limited has informed the Exchange regarding Notice of 19th Annual General Meeting to be held on September 04, 2025
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Barbeque-Nation Hospitality Limited has issued the notice for its 19th AGM, scheduled for September 4, 2025 at 12:00 PM via video conferencing. Key items on the agenda include a proposed change of the company's name to "United Foodbrands Limited" and the re-appointment of CEO & Whole-Time Director Mr. Rahul Agrawal for another 5-year term (Dec 31, 2025 to Dec 30, 2030), with FY26 remuneration capped at Rs. 3.03 crore plus a 15% annual escalation option. Other items include re-appointment of two retiring directors, adoption of FY25 audited financials (standalone net loss widened to Rs. 352.80 million from Rs. 263.61 million in FY24, on revenue of Rs. 10,004.17 million), and appointment of Mr. Parameshwar Ganapati Bhat as Secretarial Auditor for FY26-FY30. Remote e-voting will be open from September 1 to September 3, 2025, with the cut-off date for voting eligibility set as August 28, 2025.
The proposed rebranding to United Foodbrands Limited reflects a strategic shift beyond the core Barbeque Nation brand, which has now expanded to over 230 outlets and multiple acquired brands. CEO continuity is positive for execution, but shareholders should note consecutive years of losses and management's own admission of a subdued demand outlook, with a target of 300-325 outlets by FY27 still aspirational.