NSEGeneral Updates3h ago · 31 Oct 2026, 05:44 pm

General Updates

Devyani International Limited · DEVYANI

✦ AI Summary▲ PositiveM&A

Devyani International Limited has received approval from the Competition Commission of India for the proposed Scheme of Arrangement with Sapphire Foods India Limited.

Analysis Scores

Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10

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Devyani International Limited has informed the Exchange about General Updates

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DEVYANI_31102026174424_SE_Intimation_CCIapproval_sd.pdf

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October 31, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: DEVYANI Security Code: 543330 Sub: Intimation regarding receipt of approval from the Competition Commission of India in relation to the proposed Scheme of Arrangement amongst Devyani International Limited (“Company”/ “Transferee Company”) and Sapphire Foods India Limited (“Transferor Company”), and their respective shareholders, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, The Company vide its earlier intimation dated August 26, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), inter alia, informed that the Board of Directors of the Company, at its meeting held on August 26, 2026, had approved the Amended Scheme of Arrangement involving Sapphire Foods India Limited (“SFIL”), Devyani International Limited (“Company”) and their respective shareholders, pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Scheme”). Subsequently, the Company vide its intimation dated September 10, 2026, informed that the Company, along with SFIL, had filed a joint application with the Competition Commission of India (“CCI”), under the Competition Act, 2002 read with the Regulations made thereunder, in connection with the proposed merger of SFIL with and into the Company, as contemplated under the Scheme. In continuation of the aforesaid intimations and pursuant to Regulation 30 of the SEBI Listing Regulations, we are pleased to inform you that the CCI, vide its letter dated October 30, 2026, has intimated its approval to the proposed combination under the Competition Act, 2002 read with the Regulations made thereunder, in relation to the merger of SFIL with and into the Company. The detailed order of CCI in this regard is awaited. A copy of the said letter is enclosed herewith. You are requested to kindly take the above on record. Yours faithfully, For Devyani International Limited Pankaj Virmani Chief Sustainability Officer & Company Secretary Encl: As above