Restaurant Brands Asia Limited (formerly Burger King India Limited) has announced the reclassification of its promoters. Following the completion of an open offer on July 6, 2026, and the acquisition of 6,56,23,090 equity shares from Seller 1 and 1 equity share from Seller 2 on July 7, 2026, the Acquirers (Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal) and IATL have acquired control and become the new promoters. Consequently, QSR Asia Pte Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd. (collectively, the Sellers) have ceased to be classified as promoters and members of the promoter group. They have been re-classified to the 'public' category, effective from July 7, 2026. This change aligns with the terms of the Share Purchase Agreement (SPA) and Securities Subscription Agreement (SSA), and Regulation 31A of the SEBI Listing Regulations. The intent for this reclassification was previously disclosed in the letter of offer dated May 26, 2026. The Sellers do not hold any voting rights, special rights, board representation, or hold key managerial positions in the Company, and are not 'wilful defaulters' or fugitive economic offenders. The Company is in compliance with relevant SEBI Listing Regulations.
