Devyani International Seeks Approval for Share Capital Re-classification and Preference Share Issue
Devyani International is seeking member approval via postal ballot for re-classifying its authorized share capital and issuing up to 3,00,000 Non-convertible Redeemable Preference Shares worth approximately ₹30 crore on a private placement basis. Remote e-voting is open from February 7, 2026, to March 8, 2026.
The re-classification of share capital and issuance of preference shares are significant corporate actions that can impact the company's capital structure and financial obligations, warranting a medium impact.
The announcement is a routine corporate action regarding share capital re-classification and issuance of preference shares, which does not inherently carry a positive or negative sentiment without further financial context.
Devyani International Limited has issued a Postal Ballot Notice dated February 6, 2026, seeking approval from its members for two key resolutions. The first resolution pertains to the re-classification of the company's authorized share capital, involving a consequential amendment to its Memorandum of Association. The authorized share capital is proposed to be re-classified from ₹5,67,50,00,000 (divided into 5,64,50,00,000 Equity Shares of ₹1 each and 30,00,000 Preference Shares of ₹10 each) to ₹5,67,50,00,000 (divided into 4,67,50,00,000 Equity Shares of ₹1 each and 10,00,000 Preference Shares of ₹1,000 each).
The second resolution concerns the issue of Non-convertible Redeemable Preference Shares (RPS) on a private placement basis. The company proposes to issue up to 3,00,000 fully paid-up RPS, each with a face value of ₹1,000, for a total consideration of approximately ₹30 crore. These shares will be issued to Mr. Kaushik Kumar Roy towards the payment for the acquisition of 12,254 equity shares of Sky Gate Hospitality Private Limited, a subsidiary.
Remote e-voting for these resolutions will commence on Saturday, February 7, 2026, at 9:00 A.M. (IST) and conclude on Sunday, March 8, 2026, at 5:00 P.M. (IST). The results of the remote e-voting, along with the Scrutinizer's report, are expected to be communicated to the stock exchanges and announced on or before Tuesday, March 10, 2026.
What to do with a filing like this
Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Devyani International Limited. Read the original for the full detail.