Devyani International Ltd

Devyani International Announces Major Leadership Transition 👔

• Mr. Virag Joshi, President & CEO, will retire as Whole-time Director effective March 31, 2026, and transition to a Non-Executive Director role.

• Mr. Manish Dawar, current Whole-time Director & CFO, is elevated to President & CEO effective April 1, 2026.

• Mr. Anupam Kumar, EVP-Finance, appointed as Chief Financial Officer (CFO) effective April 1, 2026.

• Mr. Neeraj Tiwari appointed as Chief Technology Officer (CTO) effective February 4, 2026, bringing 19 years of experience.

• Mr. Varun Kumar Prabhakar appointed as General Counsel effective February 4, 2026, replacing Mr. Nalin Kanaujia.

• Mr. Shivashish Pandey, CEO-Yum Brands, resigns effective February 28, 2026.

• Leadership changes support the proposed merger with Sapphire Foods and aim to strengthen digital and strategic growth.

• Devyani International operates over 2,200 stores across 280+ cities in India, Thailand, Nigeria, and Nepal.