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Sapphire Foods India Limited
5 articles
Sapphire Foods India is navigating a complex financial landscape marked by both challenges and positive developments. The company reported a net loss of ₹485 million for FY26 despite 8% revenue growth, largely due to exceptional items and increased expenses, while also facing significant contingent liabilities related to GST disputes. However, a recent favorable GST order dismissing a ₹977 million demand provides a crucial boost, demonstrating the validity of their input tax credit claims. Furthermore, Sapphire Foods is pursuing a merger with Devyani International to create India's largest restaurant operator, contingent on regulatory approvals, and will hold its 17th AGM on July 21st to address key governance matters, including the reappointment of its CEO.
Sapphire Foods Releases FY2025-26 ESG Report
Sapphire Foods India published its Environmental, Social and Governance report for financial year 2025-26.
The report is aligned with Global Reporting Initiative (GRI) Standards and available on the c
Sapphire Foods FY26 ₹485M Loss, Devyani Merger Proposal
Sapphire Foods reported standalone net loss of ₹484.60 million for FY26 despite 8.03% revenue growth to ₹26,511.99 million, impacted by exceptional items and increased expenses.
The company announced
Sapphire Foods 17th AGM Director Reappointments Notice
Sapphire Foods India Limited convenes its 17th Annual General Meeting virtually on 21st July 2026 to seek shareholder approvals.
Key agenda includes reappointment of CEO Sanjay Purohit with ₹3.76 cror
Sapphire Foods Wins ₹977 Cr GST Input Tax Credit Case
Sapphire Foods received a favorable GST order dismissing a ₹977.06 million demand for alleged excessive input tax credit.
The Assistant Commissioner ruled the company correctly availed eligible input
Sapphire Foods 17th AGM on July 21, 2026
Sapphire Foods India Limited will hold its 17th Annual General Meeting on July 21, 2026, at 5:00 PM IST.
The AGM will be conducted virtually through Video Conferencing or Other Audio Visual Means.
The