NSEGeneral Updates7 Jul 2026 · 7 Jul 2026, 09:51 pm
General Updates
Restaurant Brands Asia Limited · RBA
✦ AI SummaryPromoter Reclassif.
Restaurant Brands Asia Limited has informed the Exchange about Reclassification of Promoter and Member of the Promoter Group of Restaurant Brands Asia Limited. The Acquirers have acquired control over the Company and have become the 'promoters' of the Company, while the Sellers have ceased to be classified as the promoter and member of promoter group. The reclassification is effective from July 7, 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk4/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Restaurant Brands Asia Limited has informed the Exchange about Reclassification of Promoter and Member of the Promoter Group of Restaurant Brands Asia Limited
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July 7, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department Listing Department
Phiroze Jeejeeboy Towers Exchange Plaza, 5th Floor, Plot no. C/1,
Dalal Street, Fort, G Block, Bandra Kurla Complex, Bandra (E)
Mumbai- 400 001 Mumbai- 400 051
Scrip Code: 543248 SYMBOL: RBA
Sub.: Reclassification of Promoter and Member of the Promoter Group of Restaurant Brands
Asia Limited (“Company”)
Ref.: Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir/Madam,
1. We refer to our letter to the stock exchanges dated January 20, 2026 intimating of the execution of
the Securities Subscription Agreement (“SSA”) amongst the Company and Lenexis Foodworks
Private Limited (“Acquirer 1”), Aayush Agrawal Trust (“Acquirer 2”), Inspira Foodworks Private
Limited (formerly Inspira Realty 1 Private Limited) (“Acquirer 3”) and Mr. Aayush Madhusudan
Agrawal (“Acquirer 4”) (collectively with Acquirer 1, Acquirer 2 and Acquirer 3, the “Acquirers”)
and Share Purchase Agreement (“SPA”) amongst QSR Asia Pte Ltd. (“Seller 1”), F&B Asia
Ventures (Singapore) Pte. Ltd. (“Seller 2”) (collectively with Seller 1, the “Sellers”), the Acquirers
and Inspira Agro Trading LLC (“IATL”), (“Underlying Transaction”).
2. Pursuant to the meeting of the Fund Raising Committee of the Board of Directors of the Company
held on June 2, 2026, Acquirer 1 has been allotted 12,85,71,128 (twelve crore eighty-five lakh
seventy-one thousand one hundred and twenty-eight) equity shares of the Company, each of face
value of INR 10 (“Equity Shares”) and 8,57,14,285 (eight crore fifty-seven lakh fourteen thousand
two hundred and eighty-five) warrants of the Company; Acquirer 2 has been allotted 100 (one
hundred) Equity Shares of the Company; Acquirer 3 has been allotted 100 (one hundred) Equity
Shares of the Company; and Acquirer 4 has been allotted 100 (one hundred) Equity Shares of the
Company, by way of a preferential issue on a private placement basis, as intimated to the stock
exchanges vide our letter dated June 2, 2026.
3. We hereby inform you that pursuant to the following:
i. the completion of the open offer announced by the Acquirers and IATL vide public announcement
dated January 20, 2026 in accordance with the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on July 6, 2026 (“Open
Offer”); and
ii. the acquisition by the Acquirers of 6,56,23,090 (six crores fifty six lakhs twenty three thousand
and ninety) equity shares of the Company held by Seller 1 along with 1 (one) equity share held
by Seller 2 (as a nominee on behalf of Seller 1) as intimated vide our intimation dated July 7,
2026;
the Acquirers and IATL have acquired control over the Company and have become the ‘promoters’
of the Company and the Sellers have ceased to be classified as the promoter and member of promoter
group of the Company and stand re-classified to the ‘public’ category in accordance with the terms
of the SPA, SSA and Regulation 31A of the SEBI Listing Regulations, and such reclassification shall
be effective from July 7, 2026, being the date on which the Acquirers and IATL have acquired control
of the Company, in accordance with Explanation I to Regulation 31A(10) of the SEBI Listing
Regulations.
restaurant brands asia limited
(Formerly known as Burger King India Limited)
Registered Office : 2nd Floor, ABR Emerald, Plot No. D-8, Street No. 16, MIDC, Andheri (East), Mumbai – 400 093
CIN : L55204MH2013FLC249986 | Email : info@burgerking.in | Tel : 022-7193 3000 | Website : www.burgerking.in
4. In this regard, we further inform you that:
i. the intent of the aforementioned erstwhile promoter and member of promoter group of the
Company to cease to be classified as promoter/ member of promoter group pursuant to the
acquisition was disclosed in the letter of offer dated May 26, 2026.
ii. the erstwhile promoter and member of the promoter group of the Company, i.e. the Sellers:
a) do not hold any voting rights in the Company;
b) do not have any special rights in the Company whether through formal or informal
arrangements including through any shareholder agreements;
c) are not represented on the board of directors (including not having a nominee director) of the
Company;
d) do not act as key managerial personnel of the Company;
e) are not ‘wilful defaulters’ as per the Reserve Bank of India Guidelines; and
f) are not fugitive economic offenders.
iii. the Company is in compliance with Regulations 31A(3)(c)(ii) and 31A(3)(c)(iii) of the SEBI
Listing Regulations.
The above information will also be made available on the website of the Company i.e.
www.burgerking.in.
We request you to kindly take the above disclosure on record and update your records accordingly.
Thanking You,
Yours faithfully,
For Restaurant Brands Asia Limited
Shweta Mayekar
Company Secretary and Compliance Officer
(Membership No.: A23786)
restaurant brands asia limited
(Formerly known as Burger King India Limited)
Registered Office : 2nd Floor, ABR Emerald, Plot No. D-8, Street No. 16, MIDC, Andheri (East), Mumbai – 400 093
CIN : L55204MH2013FLC249986 | Email : info@burgerking.in | Tel : 022-7193 3000 | Website : www.burgerking.in