Restaurant Brands Asia Limited’s Board of Directors convened on October 29, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Key decisions included the appointment of Mr. Shivakumar Dega and Mr. Anand Bathiya as Additional Directors, and Mr. Sumit Zaveri as Chief Executive Officer for India Business. The board also sanctioned investments in its Indonesian subsidiary, PT Sari Burger Indonesia, and approved a significant increase in limits for investments, loans, and guarantees, subject to shareholder approval.
Financial Results and Key Appointments
Restaurant Brands Asia Limited announced the outcome of its Board of Directors meeting held on Thursday, October 29, 2026. The board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report of the Statutory Auditors, have been enclosed.
In line with recommendations from the Nomination and Remuneration Committee, the board approved the appointment of:
- Mr. Shivakumar Dega (DIN: 00364444) as an Additional Director (Non-Executive and Independent) for a term of 5 years, effective October 29, 2026, subject to shareholder approval.
- Mr. Anand Bathiya (DIN: 03084831) as an Additional Director (Non-Executive and Non-Independent), effective October 29, 2026.
Leadership and Operational Changes
Furthermore, the appointment of Mr. Sumit Zaveri as the Chief Executive Officer for India Business was approved. This appointment also entails a designation change from Group Chief Financial Officer and Chief Business Officer, effective November 1, 2026. He will continue to serve as a Key Managerial Personnel (KMP) and report to the Group Chief Executive Officer.
The company also announced the designation of six individuals as Senior Management Personnel, effective November 1, 2026, following a change in the organization structure.
Strategic Investments and Approvals
The board also approved an investment in PT Sari Burger Indonesia, a subsidiary, for the acquisition of up to 2,50,000 Optionally Convertible Preference Shares (OCPS), not exceeding IDR 250 billion. This investment supersedes a previous approval for a different class of shares. Additionally, the conversion of an existing loan of IDR 371.50 billion to PT Sari Burger Indonesia into OCPS, and the change in terms for 1,75,000 Redeemable Cumulative Non-Convertible Preference Shares (NCPS) into OCPS were approved, subject to shareholder consent for these material related party transactions. Shareholders’ approval will also be sought for material related party transactions for FY 2026-27.
A significant proposal considered and approved, subject to shareholder approval, is the increase in the limits for making investments, granting loans, and giving guarantees from INR 2,500 Crore to INR 4,500 Crore under Section 186 of the Companies Act, 2013. The company plans to seek member approval via postal ballot for these agenda items.
The meeting commenced at 02:35 p.m. (IST) and concluded at 04:34 p.m. (IST). The outcome of the meeting is also available on the company’s website.
Source: BSE
