Sapphire Foods India Limited — Important, 01-01-2026: Agreements

Sapphire Foods will merge into Devyani International. Sapphire shareholders receive 177 DIL shares (₹1 FV) for 100 Sapphire shares (₹2 FV). This consolidates KFC/Pizza Hut operations, boosting scale and efficiency. A secondary sale of 5.94 Cr Sapphire shares to Arctic was also approved, with Yum! Brands approving the merger.