Devyani International Reports Audited FY26 Results; Approves Amalgamation Scheme
Devyani International approved audited financial results for FY26. The company approved an amalgamation scheme for Sapphire Foods India Limited with an appointed date of April 1, 2026. It also approved the amalgamation of its subsidiary Sky Gate Hospitality with Devyani International. Exceptional items included INR 122.13 million related to employee benefits and INR 92.90 million for a lease dispute.
The approval of two major amalgamation schemes (Sapphire Foods India and Sky Gate Hospitality) represents a significant strategic shift for Devyani International, potentially leading to substantial changes in its structure, operations, and market position. This will have a high impact on the company.
The announcement details the outcome of a board meeting, including financial results and corporate actions like amalgamations. While the financial results themselves are routine, the significant corporate restructuring through amalgamations introduces complexity and potential future integration challenges, leading to a neutral sentiment.
Devyani International Limited announced the outcome of its Board Meeting held on May 15, 2026. The Board approved the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026, both on a standalone and consolidated basis. The auditors, Walker Chandiok & Co LLP and O P Bagla & Co LLP, issued an unmodified opinion on these results.
The company also disclosed significant corporate actions. It approved a Scheme of Arrangement for the amalgamation of Sapphire Foods India Limited with Devyani International Limited, with an appointed date of April 1, 2026. Under this scheme, Devyani International will issue 177 equity shares of Re. 1 each for every 100 equity shares of Rs. 2 each held in Sapphire Foods India Limited.
Furthermore, a Scheme of Amalgamation was approved for the amalgamation of Sky Gate Hospitality Private Limited and its wholly-owned subsidiaries, Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited, with Devyani International Limited. The appointed date for this amalgamation is April 1, 2025. The company has filed the First Motion Application with the NCLT, Chandigarh Bench, and an order has been reserved.
Devyani International had previously acquired an 80.72% stake in Sky Gate Hospitality Private Limited on June 10, 2025, and subsequently increased its stake to 86.13%. During the quarter ended March 31, 2026, the company acquired the remaining equity stake, making Sky Gate a wholly-owned subsidiary. The financial performance of Sky Gate's investments in Peanutbutter and Jelly Private Limited and the business of Krazy Kebab Co. were presented as discontinued operations.
Exceptional items were noted for the quarter ended December 31, 2025, and the year ended March 31, 2026, including an increase in post-employment defined benefit obligations due to new Labour Codes (INR 122.13 million for Group, INR 115.72 million for Company) and a payment of INR 92.90 million under protest related to a lease dispute.
What to do with a filing like this
Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Devyani International Limited. Read the original for the full detail.