Date: July 7, 2026
Ownership Change and Promoter Reclassification
Restaurant Brands Asia Limited has notified stock exchanges of the reclassification of promoters effective July 7, 2026, pursuant to Regulation 31A of the SEBI Listing Regulations.
The change results from:
- Completion of open offer announced by Acquirers and Inspira Agro Trading LLC on January 20, 2026, under SEBI Takeover Regulations, completed on July 6, 2026
- Acquisition by Acquirers of 6,56,23,090 equity shares from QSR Asia Pte Ltd. (Seller 1) plus 1 equity share from F&B Asia Ventures (Singapore) Pte. Ltd. (Seller 2) as nominee
- Preferential allotment to Acquirers approved by Fund Raising Committee on June 2, 2026:
- Lenexis Foodworks Private Limited: 12,85,71,128 equity shares + 8,57,14,285 warrants
- Aayush Agrawal Trust: 100 equity shares
- Inspira Foodworks Private Limited: 100 equity shares
- Mr. Aayush Madhusudan Agrawal: 100 equity shares
New Promoter Status
Acquirers and Inspira Agro Trading LLC have acquired control over the company and become the new 'promoters' effective July 7, 2026, in accordance with Explanation I to Regulation 31A(10) of SEBI Listing Regulations.
Former Promoter Status
Sellers (QSR Asia Pte Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd.) have:
- Ceased to be classified as promoter and member of promoter group
- Been reclassified to 'public' category effective July 7, 2026
- No voting rights in the company
- No special rights through formal or informal arrangements
- No representation on board of directors (including no nominee director)
- No key managerial personnel roles
- Are not wilful defaulters per RBI Guidelines
- Are not fugitive economic offenders
The intent of erstwhile promoters to cease classification was disclosed in the letter of offer dated May 26, 2026.