Devyani International appoints CFO Manish Dawar as CEO and president, effective 1 April 2026. Non-executive chairman Ravi Jaipuria cites critical growth phase as reason for leadership change. Dawar to succeed Viraj Joshi, who will remain as non-executive director. Anupam Kumar to become new CFO. Results for Q3 FY26 show net loss of Rs103.9m ($1.15m). Profit of Rs659.8m ($7.31m) excluding one-time charge. DIL merges with Sapphire Foods, creating one of India’s largest QSR groups. Merger expected to take 12-15 months to finalize.

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