Meeting Details

  • Date: Thursday, August 20, 2026
  • Time: Commenced at 11:00 a.m. IST, concluded at 12:43 p.m. IST
  • Venue: Conducted through Video Conferencing/Other Audio Visual Means
  • Deemed Venue: Registered Office of the Company at 2nd Floor, ABR Emerald, Plot No. 2 D-8, Street No. 16, MIDC, Andheri (East), Mumbai - 400093

Attendees

Directors Present:

  • Mr. Madhusudan Agrawal (Additional Non-Executive Director, Chairman)
  • Mr. Rajeev Varman (Whole-time Director and Group Chief Executive Officer)
  • Mr. Aayush Agrawal (Additional Non-Executive Director)
  • Mrs. Tara Subramaniam (Independent Director)
  • Mr. Sandeep Chaudhary (Independent Director)
  • Mr. Yash Gupta (Independent Director)
  • Mr. Andrew Day (Independent Director)

Key Managerial Personnel:

  • Mr. Sumit Zaveri (Group Chief Financial Officer and Chief Business Officer)
  • Mr. Arijit Datta (Chief Financial Officer)
  • Ms. Shweta Mayekar (Company Secretary and Compliance Officer)

Other Key Officials:

  • Ms. Namrata Tiwari (Group Chief People Officer)
  • Mr. Kapil Grover (Group Chief Marketing Officer)
  • Mr. Subramaniam Pillai (Chief Operations Officer)
  • Mr. Gaurav Ajjan (Head - Corporate Development & Investor Relations)
  • Ms. Bhavika Dave (Head - Legal)
  • Mr. Sandeep Dey (Brand President, Indonesia)

Absent Director: Mr. Rafael Odorizzi De Oliveira (Non-Executive Director) due to unavoidable circumstances

Representatives of Statutory Auditors, Secretarial Auditors, and the Scrutinizer were also present.

Business Transacted

Following resolutions were proposed for approval:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY26 ended March 31, 2026, together with Report of Board of Directors along with annexures and Auditor's report, and Audited Consolidated Financial Statements for FY26 ended March 31, 2026, together with Auditor's report (Ordinary Resolution)

2. Re-appointment of Mr. Rafael Odorizzi De Oliveira (DIN: 09492506) as director liable to retire by rotation (Ordinary Resolution)

Special Business:

3. Appointment of Mr. Madhusudan Bhagwandas Agrawal (DIN: 00073872) as Non-Executive Non-Independent Director (Ordinary Resolution)

4. Appointment of Mr. Aayush Madhusudan Agrawal (DIN: 03129764) as Non-Executive Non-Independent Director (Ordinary Resolution)

Voting Process

The Company provided e-Voting facility through MUFG Intime India Private Limited:

  • Remote e-Voting was available until Wednesday, August 19, 2026 at 05:00 P.M. IST
  • Shareholders/members as of cut-off date Thursday, August 13, 2026 were eligible to vote
  • Shareholders who did not cast votes through remote e-Voting were eligible to vote during the AGM through e-Voting facility

Scrutinizer's Report

The Scrutinizer's Report and voting results will be submitted separately. Ms. Shweta Mayekar, Company Secretary and Compliance Officer, was authorized by the Chairman to declare voting results, intimate stock exchanges, and upload results on company website.

Business Updates Presented

Mr. Rajeev Varman, Whole-time Director and Group CEO, presented business performance covering:

India Business:

  • Store growth, ADS & SSSG, revenue growth
  • Margin improvements (gross margin, restaurant EBITDA, Company EBITDA)
  • Value leadership, menu strengthening, digital-first brand, profitability focus

Indonesia Business:

  • Burger King Indonesia progress in FY26 with value focus and menu innovation
  • Popeyes strengthening business model
  • Digital investments and profitability through revenue growth and cost rationalization

Sustainability Initiatives:

  • Focus on food quality and safety
  • Energy-efficient equipment, solar adoption, responsible sourcing, waste-oil recycling

Other Initiatives:

  • RBA India certified as Great Place to Work
  • ₹20+ lakhs contribution to Army Central Welfare Fund on Republic Day
  • Partnership with Army Welfare Placement Organization for career opportunities for retired Army professionals

Compliance Confirmation

The meeting was conducted in compliance with relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India regarding conduct of AGM through Video Conferencing/Other Audio Visual Means.