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Devyani International informs about outcome of board meeting

10 Mar 2026 Evaluate
Devyani International has informed that the Board of Directors of the Company at its meeting held today i.e. March 10, 2026 (started at 4:00 PM and concluded at 4:15 PM), based on the recommendation of the Audit, Risk Management and Ethics Committee interalia considered and approved a Scheme of Amalgamation involving merger/ amalgamation of Sky Gate Hospitality Private Limited (‘Sky Gate’/ ‘Transferor Company No. 1’), Blackvelvet Hospitality Private Limited (‘Blackvelvet’/ ‘Transferor Company No. 2’), Say Chefs Eatery Private Limited (‘Say Chefs’/ ‘Transferor Company No. 3’) (hereinafter collectively referred to as ‘Transferor Companies’) with and into Devyani International Limited (‘DIL’/ ‘Transferee Company’/ ‘the Company’) and their respective shareholders, pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (‘Scheme’). The Appointed Date of the Scheme is opening hours of April 1, 2025. In terms of Regulation 37(6) of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, as the Transferor Companies are direct and indirect wholly-owned subsidiaries of the Transferee Company, the Company is not required to obtain 'No Objection Letter' on the Scheme from the stock exchanges on which equity shares of the Company are listed. Further, the Scheme is subject to the necessary statutory and regulatory approvals including from the shareholders and creditors (as may be required and/or to the extent not dispensed with by the relevant authorities); Hon’ble National Company Law Tribunal; and any other approvals, as may be required.

The above information is a part of company’s filings submitted to BSE.

Devyani Internatl. Share Price

107.78 -1.07 (-0.98%)
17-Apr-2026 13:03 View Price Chart
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