On May 1, 2025, Devyani International Limited, a prominent player in the quick-service restaurant (QSR) sector, announced the resignation of Mr. Varun Kumar Prabhakar, who served as the Head of Legal and was designated as a Senior Management Personnel. The resignation will take effect at the close of business hours on April 30, 2025. The company disclosed this development as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Prabhakar's resignation is attributed to personal reasons, and he is also moving on to pursue other career opportunities outside of the organization. The company has attached a copy of the resignation letter as part of the disclosure, and also provided detailed information under the relevant SEBI regulations to ensure transparency and compliance with corporate governance standards.

As required under the SEBI Listing Regulations, the company also made a detailed disclosure about the resignation, which includes the effective date of cessation and other required particulars. However, as Mr. Prabhakar is not a new appointment, there are no further details regarding a new appointment in his place as per this disclosure.

Devyani International Limited has expressed gratitude to Mr. Prabhakar for his contributions during his tenure with the company and wishes him success in his future endeavors. The company remains committed to maintaining strong governance practices and will continue to ensure that all necessary regulatory filings are made as per the requirements of the SEBI.

This change in the senior management team comes at a time when Devyani International continues to expand its footprint across India and internationally. The company has a diverse portfolio of brands, including Pizza Hut, KFC, and Costa Coffee, and has been actively investing in growing its market share in the fast-food industry.

In accordance with corporate governance principles, Devyani International Limited has made this public disclosure to keep its shareholders, investors, and other stakeholders informed. The resignation is part of ongoing organizational changes that ensure the company’s operations continue to meet the highest standards of legal and regulatory compliance.

Looking ahead, Devyani International will continue to focus on its core business operations while aligning with best practices in corporate governance, ensuring a seamless transition and ongoing commitment to stakeholder interests.

Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like changes in regulatory requirements, local political or economic conditions, and other factors that could cause actual results to differ materially. The company will not be responsible for any actions taken based on such statements and undertakes no obligation to update these statements publicly.

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