Restaurant Brands Asia Limited has announced the outcome of its Board of Directors meeting held on October 29, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Key appointments were also made, including Mr. Shivakumar Dega and Mr. Anand Bathiya as Additional Directors, and Mr. Sumit Zaveri as Chief Executive Officer – India Business.
Board Approves Financial Results and Key Appointments
The Board of Directors of Restaurant Brands Asia Limited convened a meeting on Thursday, October 29, 2026, to discuss and approve key corporate matters. Among the significant decisions made were the approval of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The detailed financial results, along with the Limited Review Report from the Statutory Auditors, have been enclosed for regulatory compliance.
Director Appointments
Following recommendations from the Nomination and Remuneration Committee, the Board approved the appointment of two new directors:
- Mr. Shivakumar Dega (DIN: 00364444) has been appointed as an Additional Director (Non-Executive and Independent). He will hold office until the ensuing Annual General Meeting or for three months from his appointment, whichever is earlier. Furthermore, he has been appointed as an Independent Director for a term of five consecutive years, effective from October 29, 2026, to October 28, 2031, subject to shareholder approval.
- Mr. Anand Bathiya (DIN: 03084831) has been appointed as an Additional Director (Non-Executive and Non-Independent) of the company, effective from October 29, 2026.
Chief Executive Officer – India Business Appointed
The Board also approved the appointment of Mr. Sumit Zaveri as Chief Executive Officer – India Business. This appointment comes with a consequential change in his designation from Group Chief Financial Officer and Chief Business Officer. This change is effective from November 1, 2026. Mr. Zaveri will continue to serve as a Key Managerial Personnel (KMP) and report to Mr. Rajeev Varman, Group Chief Executive Officer and Whole-time Director.
Senior Management Personnel Designations
In line with changes in the organisation structure, several individuals have been designated as Senior Management Personnel, effective November 1, 2026. These include Mr. Kiran Komatla (Group Chief Technology Officer), Mr. Nitin Bhayana (Group Chief Asset Procurement Officer), Mr. Sumeer Bedi (Chief Business Development Officer), Ms. Deepa Prasad (Chief Supply Chain Officer), Mr. Gaurav Ajjan (Head – Corporate Development & Investor Relations), and Ms. Bhavika Dave (Head – Legal).
Investment and Loan Conversion Approvals
The Board considered and approved an investment of up to IDR 250 billion in PT Sari Burger Indonesia, a subsidiary, through the acquisition of Optionally Convertible Preference Shares (OCPS). This supersedes a previous approval for a smaller investment. Additionally, the conversion of a loan amounting to IDR 371.50 billion granted to PT Sari Burger Indonesia into OCPS was approved, subject to shareholder approval for material related party transactions. A change in terms for existing Redeemable Cumulative Non-Convertible Preference Shares (NCPS) to convert them into OCPS was also approved, pending shareholder consent.
Increase in Investment Limits
Subject to shareholder approval, the Board approved an increase in the limits for making investments, granting loans, and giving guarantees from the existing limit of INR 2,500 Crore to INR 4,500 Crore. Shareholder approval for these matters will be sought through a postal ballot.
Meeting Details
The Board meeting commenced at 02:35 p.m. (IST) and concluded at 04:34 p.m. (IST) on October 29, 2026. The outcome of the meeting is also being uploaded on the Company’s website.
Source: BSE
