Restaurant Brands Asia Limited (formerly Burger King India Limited) has announced an Extra-Ordinary General Meeting (EGM) scheduled for Friday, February 13, 2026, at 11:00 a.m. IST, to be conducted via video conferencing. This meeting is to seek shareholder approval for a significant preferential issue of securities aggregating to approximately ₹14,99,99,99,910 (₹1499.99 Crores). The issue includes 12,85,71,128 equity shares at ₹70 per share, amounting to ₹8,99,99,78,960, and 8,57,14,285 warrants at ₹70 per warrant, aggregating to ₹5,99,99,99,950. These securities will be issued to Lenexis Foodworks Private Limited (Acquirer 1), Aayush Agrawal Trust (Acquirer 2), Inspira Foodworks Private Limited (Acquirer 3), and Mr. Aayush Madhusudan Agrawal (Acquirer 4). The funds raised will be strategically deployed towards expanding the business by opening/acquiring new restaurants across India (₹8,37,00,00,000), refurbishing and remodeling existing restaurants (₹2,88,00,00,000), and for general corporate purposes (up to ₹3,74,99,99,910). In conjunction with this preferential issue, a share purchase agreement has been executed where Acquirers and IATL will acquire 6,56,23,090 equity shares (11.26%) from the existing promoters. Upon completion of these transactions, the Acquirers and IATL will acquire control of the company and become its new promoters, while the current sellers will cease to be promoters. An open offer for an additional 26% of the expanded voting share capital will also be made to public shareholders. The company's Articles of Association will also be amended to incorporate the rights of the new promoters.
