Jubilant Foodworks Ltd

Dear Members,

Your Directors have pleasure in presenting the Thirty first (31^st) Integrated Annual Report together with the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 (‘FY 2026').

FINANCIAL HIGHLIGHTS

A summary of the Company's financial performance in FY 2026 is as follows:

During the year under review, the Board of Directors of the Company considered and approved the non-renewal of the rights for development and operation of Dunkin' brand in India. Accordingly, the results of Dunkin' brand operations have been disclosed separately as discontinued operations and related assets and liabilities (forming part of the financial statements) have been reclassified as held for sale. FY 2025 numbers have been re-presented/reclassified to conform to the classification of discontinued operations undertaken in FY 2026.

RESULTS OF OPERATIONS AND THE STATE OF COMPANY'S AFFAIRS

On a standalone basis, revenue from operations for FY 2026 stood at H68,562.20 million i.e. an increase of 13% from previous year. Gross profit for FY 2026 was H51,243.74 million, higher by 12% from previous year. Gross margin came in at 74.74%. Operating EBITDA came in at H13,729.65 million and operating EBITDA margin was 20.03%. Profit after tax came in at H2,273.05 million with PAT margin at 3.3%.

On a consolidated basis, revenue from operations for FY 2026 stood at H95,125.06 million i.e. an increase of 17.4% from previous year. Gross

profit for FY 2026 was H68,021.35 million, higher by 16.3% from previous year. Gross margin came in at 71.51%. Operating EBITDA came in at H18,878.36 million and operating EBITDA margin was 19.85%. Profit after tax came in at H4,442.39 million with PAT margin at 4.7%.

The operating context and the performance highlights have been comprehensively discussed in Management Discussion and Analysis Report_forming an integral part of this Integrated Annual Report.

TRANSFER TO GENERAL RESERVES

During FY 2026, the Company has not transferred any amount to the general reserve and has decided to retain the entire amount of profit as retained earnings.

SHARE CAPITAL

During FY 2026, there was no change in the authorised, issued, subscribed and paid-up equity share capital of the Company. As on March 31, 2026, the authorized share capital of the Company stood at H1,500,000,000/- divided into 750,000,000 equity shares of H 2/- each and the subscribed and paid-up equity share capital of the Company stood at H1,319,690,400/- divided into 659,845,200 equity shares of H2/- each.

DIVIDEND

The Company has been maintaining a consistent track record of dividend payments for past many years, in line with its Dividend Distribution Policy that can be accessed from the web Link: https://www.jubilantfoodworks. com/investors/governance/policies-codes

Based on the Company's performance and Dividend Distribution Policy of the Company, the Board of Directors are pleased to recommend Dividend of H 1.2/- (i.e. 60%) per equity share of face value of H 2/- each fully paid up for FY 2026 amounting to H 791.81 million.

The payment of dividend is subject to approval of the members at the forthcoming Annual General Meeting (‘AGM') of the Company and shall be subject to deduction of tax at source.

EMPLOYEES STOCK OPTION SCHEMES

With a view to attract, reward and retain talented and key employees in the competitive environment and encourage them to align individual performance with the Company's objectives, the Company grants share based benefits to eligible employees under the Employees Stock Option Schemes. The Company has three Employees Stock Option Schemes namely, JFL Employees Stock Option Scheme, 2011 (‘ESOP 2011'), JFL Employees Stock Option Scheme, 2016 (‘ESOP 2016') and JFL Employees Stock Option Scheme, 2025 (‘ESOP 2025')(collectively referred as ‘ESOP Schemes'). There was no material change in ESOP 2011 and ESOP 2016 during the year.

During the year under review, the members vide special resolution passed by way of Postal Ballot on October 1, 2025 approved the ESOP 2025. The total number of options that maybe granted under the ESOP 2025 to the eligible employees of the Company, its unlisted holding and/or unlisted subsidiary company(ies) shall not exceed 5,000,000 (Five million), which on exercise would entitle them not more than 5,000,000 (Five million) fully paid-up equity shares of the Company of face value of H2/- each. ESOP 2025 is drawn up in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended (the ‘SEBI ESOP Regulations 2021'). The Vesting of Options granted under the ESOP 2025 shall be based on a structured, performance-linked framework (Company and Individual level performance metrics), designed to align employee rewards with sustained business performance and long-term shareholder value creation.

The details of ESOP Schemes have also been disclosed in Note 34 to the Standalone and Consolidated Financial Statements respectively forming an integral part of this Integrated Annual Report.

The Company has a general employee benefits scheme namely Jubilant FoodWorks General Employee Benefits Scheme, 2020 (‘JFGEBS') and there was no material change in the JFGEBS during the year.

The ESOP Schemes and JFGEBS are administered through JFL Employees Welfare Trust (‘ESOP Trust').

In terms of Regulation 13 of SEBI ESOP Regulations 2021, the Certificate from Chandrasekaran Associates, Secretarial Auditors of the Company, confirming that the ESOP Schemes and JFGEBS are in compliance with the SEBI ESOP Regulations 2021 would be placed before the members at the forthcoming AGM for their inspection.

The details of ESOP Schemes and JFGEBS pursuant to SEBI ESOP Regulations, 2021 as at March 31, 2026 is uploaded on the website of the Company (web link:https://www.jubilantfoodworks.com/company-reports/esop-disclosures).

SUBSIDIARIES

As on March 31, 2026, the Company has 9 (nine) subsidiaries, including step down subsidiaries. Brief particulars of the subsidiaries are given below:

Jubilant FoodWorks Bangladesh Limited (‘Jubilant Bangladesh')

Jubilant Bangladesh is a wholly-owned subsidiary of the Company with exclusive rights to develop and operate Domino's stores in Bangladesh. As on March 31, 2026, Jubilant Bangladesh operates 40 stores. The total income of Jubilant Bangladesh is H807.13 million as on March 31, 2026 compared to H632.93 million in the previous year.

Jubilant FoodWorks Lanka (Private) Limited (‘Jubilant Sri Lanka')

Jubilant Sri Lanka is a wholly-owned subsidiary of the Company with exclusive rights to develop and operate Domino's stores in Sri Lanka. As on March 31, 2026, Jubilant Sri Lanka operates 53 stores. The total income of Jubilant Sri Lanka is H1,291.41 million as on March 31, 2026 compared to H786.46 million in the previous year.

Jubilant Foodworks Netherlands B.V. (‘Jubilant Netherlands')

Jubilant Netherlands is a wholly-owned subsidiary of the Company in Netherlands for investment purposes. Further, as on March 31, 2026, Jubilant Netherlands holds 93.65% (Previous Year: 94.06%) stake in DP Eurasia B.V. (‘DPEU'). During the year under review, the change in stake was on account of shares issued pursuant to Long Term Incentive Plan.

DP Eurasia B.V. (‘DPEU')

DPEU is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan and Georgia. The total income of DPEU (on a consolidated basis) as on March 31, 2026 is H25,009.21 million, EBITDA is H5,005.31 million and Profit After Tax is H2,035.77 million compared to total income of H19,495.23 million, EBITDA of H4,158.88 million and Profit After Tax of H1,253.51 million in the previous year.

Subsidiaries of DPEU:

1. Fides Food Systems B.V. (‘Fides'), an investment company registered in Netherlands (wholly-owned subsidiary of DPEU)

2. Pizza Restaurantlari A. ., registered in Turkey (wholly owned subsidiary of Fides)

3. Fidesrus B.V.(‘Fidesrus'), an investment company registered in Netherlands (wholly-owned subsidiary of DPEU)

4. Pizza Restaurants LLC, incorporated in Russia, was a wholly owned subsidiary of Fidesrus as on the start of the year under review. On April 30, 2025, Fidesrus entered into a share transfer agreement, for the sale of its entire equity shareholding in Pizza Restaurants LLC. The transfer of 100% shareholding from Fidesrus was completed on July 10, 2025. Consequently, Pizza Restaurants LLC ceased to be subsidiary of Fidesrus and a step-down subsidiary of the Company.

Pizza Restaurantlari A. . (‘Turkey Subsidiary')

Turkey Subsidiary is a dominant market leader operating a highly profitable, asset light model with 87% sub-franchised stores in Turkey. The Domino's network comprises of 787 stores in Turkey, Azerbaijan and Georgia. In addition to its pizza business, Turkey Subsidiary has been able to build the 5^th largest (in terms of store footprints in Turkey) CAF? brand-COFFY with 194 caf?'s as on March 31, 2026.

During the year under review, DPEU, Fides and Turkey Subsidiary continue as material subsidiaries of the Company in accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations').

Jubilant FoodWorks International Investments Limited (‘Jubilant International Investments')

Jubilant International Investments is a wholly-owned subsidiary of the Company. It is an Investment Company with an objective of making investments in associates/subsidiaries engaged in food service business.

Jubilant FoodWorks International Luxembourg (‘Jubilant Luxembourg')

Jubilant Luxembourg is a subsidiary of Jubilant International Investments and step-down wholly-owned subsidiary of the Company. Jubilant Luxembourg has an objective of making investments in associates/ subsidiaries engaged in food service business.

ASSOCIATE COMPANIES

As on March 31, 2026, the Company has 2 (two) Associate Companies. Brief particulars of the Associate Companies are given below:

Roadcast Tech Solutions Private Limited (‘Roadcast')

Roadcast is engaged in the business which offers a logistics platform for management of last-mile delivery operations. Roadcast's delivery automation SaaS platform helps clients to monitor their fleet and personnel in real-time, providing a platform which allows brands their own online ordering systems to accept direct orders from customers and provides an enterprise-grade omnichannel customer engagement & marketing automation platform. As on March 31, 2026, the Company's effective shareholding in Roadcast is 42.55% (40% on a fully diluted basis).

Wellversed Health Private Limited (‘Wellversed')

Wellversed is a nutrition company offering a variety of products tailored for specific nutrition and dietary needs including keto, gluten-free, vegan, high-protein, diabetic and immunity. As on March 31, 2026, the Company's effective shareholding in Wellversed is 27.81% (24% on a fully diluted basis).

Hashtag Loyalty Private Limited (‘Hashtag')

Hashtag operated as an online food ordering and restaurant management platform. During FY 2025, Hashtag announced the discontinuation of its business operations. The Company entered into a Share Purchase Agreement dated December 29, 2025, for sale of its entire shareholding of 31.66% in Hashtag. The transaction was completed on February 20, 2026. Consequently, Hashtag ceased to be an associate of the Company during FY 2026.

A report on the performance and the Financial position of the subsidiaries, associate companies and ESOP Trust, as per Companies Act, 2013 and Rules made thereunder (‘Act') is provided in Form AOC-1 attached to the Consolidated Financial Statements forming an integral part of this Integrated Annual Report. Pursuant to the provisions of Section 136 of the Act, separate audited accounts of the subsidiaries, are available on the website of the Company (web link: https://www.jubilantfoodworks.com/company-reports/financial-of-subsidiary-companies).

Apart from above, no other company has become or ceased to be subsidiary, joint venture or associate of the Company during FY 2026.

ANNUAL RETURN

As per Section 134(3)(a) of the Act, the Annual Return referred to in Section 92(3) of the Act for the financial year ended March 31, 2026 is available on the website of the Company (web link: https://www. jubilantfoodworks.com/company-reports/annual-returns). In terms of Rule 11 & 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return shall be filed with the Registrar of Companies, within prescribed timelines.

Director(s) liable to retire by rotation as per Section 152 of the Act

In terms of the provisions of Section 152 of the Act and Articles of Association of the Company and any other provision(s) of the Act,_Mr. Shamit Bhartia (DIN: 00020623)_and Ms. Aashti Bhartia (DIN: 02840983) Directors of the Company, are liable to retire by rotation at the forthcoming AGM and being eligible, offer themselves for re-appointment. The Board of Directors recommend their reappointment for consideration by the members of_the Company at the forthcoming AGM.

Change in Directorship or Key Managerial Personnel

During the year under review, there was no change in the Directors or Key Managerial Personnel (‘KMP') of the Company.

Brief profile, nature of expertise, details of directorship held in other companies, Chairmanships/membership of Board Committees, shareholding in the Company held by the Directors and relationship with Directors inter-se and other details as stipulated under Regulation 36(3) of the Listing Regulations as amended read with the provisions of the Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (‘SS-2') relating to the Director proposed to be re-appointed at the 31^st AGM is annexed to the notice convening the said AGM.

DECLARATION BY INDEPENDENT DIRECTORS

The Company has, inter alia, received the following declarations from all the Independent Directors confirming that:

they meet the criteria of independence as provided under Section 149(6) of the Act read with Regulation 16(1)(b) of the Listing Regulations and are not disqualified from continuing as Independent Director;

they have complied with the Code for Independent Directors prescribed under Schedule IV to the Act; and

they have registered themselves with the Independent Director's Databank maintained by the Indian Institute of Corporate Affairs.

Based on the disclosures and declarations received, the Board is of the opinion that, all the Independent Directors fulfill the conditions specified in the Act and Listing Regulations and are independent of the management. List of core skills, expertise and core competencies of the Board, including the Independent Directors, are given in Corporate Governance Report forming an integral part of this Board's Report.

MEETINGS OF BOARD OF DIRECTORS

6 (Six) Meetings of Board of Directors were held during FY 2026. The details of the meetings of the Board and its Committees are given in the Corporate Governance Report forming an integral part of this Board's Report.

APPOINTMENT & REMUNERATION POLICY

The Company has an ‘Appointment & Remuneration Policy' for Directors, KMP and Senior Management/other employees of the Company, specifying criteria for determining qualifications, positive attributes, independence of a director and other matters which is disclosed on the website of the Company (web link: https://www.jubilantfoodworks. com/investors/governance/policies-codes). The salient features of the Policy have been disclosed in the Corporate Governance Report forming an integral part of this Board's Report.

PERFORMANCE EVALUATION OF THE BOARD

The Board adopted a formal mechanism for evaluating its performance and as well as of its Committees and individual Directors, including the Chairperson of the Board. The detailed process in which annual evaluation of the performance of the Board, its Chairperson, its Committees and of individual Directors has been made is disclosed in the Corporate Governance Report forming an integral part of this Board's Report.

INFORMATION REGARDING EMPLOYEES AND RELATED DISCLOSURES

The statement of Disclosure of Remuneration under Section 197 of the Act and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (‘Rules'), is annexed as Annexure ‘A' and forms an integral part of this Board's Report. The statement containing particulars of employees, as required under Section 197 of the Act, read with Rule 5(2) and Rule 5(3) of the Rules, is provided in a separate annexure forming part of this Board's Report. However, in terms of the provisions of Section 136 of the Act, the Integrated Annual Report for FY 2026 is being sent to the members of the Company, excluding the said annexure. The said annexure is available for inspection by the members at the Registered Office of the Company during working hours of the Company i.e. on Monday -Friday between 11:00 a.m. to 5:00 p.m. (IST). Any member interested in obtaining a copy of the said annexure may write to the Company Secretary of the Company or send an email atinvestor@jublfood.com.

LOANS, GUARANTEES AND INVESTMENTS

Particulars of guarantee and investments made have been disclosed in Note 35 and 4 to the Standalone Financial Statements, respectively, forming an integral part of this Integrated Annual Report. During FY 2026, the Company has not given any loan pursuant to Section 186 of the Act.

RELATED PARTY TRANSACTIONS

The Company has a well-defined process of identification of related parties and related party transactions (‘RPTs'), its approval and review process. The Company's Policy on Materiality of and dealing with Related Party Transactions (‘RPT Policy') recommended by the Audit Committee and approved by the Board is disclosed on the Company's website (web link: https://www.jubilantfoodworks.com/investors/ governance/policies-codes).

During the year under review, the Board of Directors at its meeting held on February 10, 2026, amended the RPT Policy in order to align the same with the amendments in Listing Regulations.

During FY 2026, all contracts, arrangements and transactions with related parties were in the ordinary course of business and on arm's length basis and were approved by the Audit Committee in accordance with the provisions of the Act and Listing Regulations read with Industry Standards on RPT introduced by SEBI effective September 1, 2025. All RPTs are reviewed by the Audit Committee on quarterly basis.

During the year under review, none of the transactions with related parties were material in nature or within the scope of Section 188(1) of the Act. Accordingly, the disclosure of RPTs as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable. Related Party disclosures including transactions with promoter/promoter group which holds more than 10% shareholding in the Company have been disclosed in Note 35 to the Standalone Financial Statements forming an integral part of this Integrated Annual Report.

STATUTORY AUDITOR

Deloitte Haskins & Sells LLP, Chartered Accountants (ICAI Regn. No. 117366W/W-100018) (‘Deloitte'), were re-appointed as Statutory Auditors of the Company for a second term of (5) five consecutive years to hold office from the conclusion of 27^th AGM until the conclusion of 32^nd AGM of the Company to be held in the year 2027. The Auditors' Report read together with Annexures referred to in the Auditors' Report for the financial year ended March 31, 2026 does not contain any qualification, reservation, adverse remark or disclaimer. During FY 2026, Statutory Auditors have not reported any matter of fraud under Section 143(12) of the Act, therefore no disclosure is required under Section 134(3)(ca) of the Act.

SECRETARIAL AUDITOR

In terms of the amended provisions of Regulation 24A of the Listing Regulations and Section 204 of the Act, the members of the Company, based on the recommendation of the Board of Directors, appointed Chandrasekaran Associates, Peer Reviewed Firm of Company Secretaries in Practice (Firm Registration Number- P1988DE002500) as Secretarial Auditors of the Company to conduct Secretarial Audit for a period of (5) five consecutive years commencing from FY 2025-26 to FY 2029-30.

The Secretarial Audit Report for the financial year ended March 31, 2026 received from Secretarial Auditors is annexed herewith as

Annexure ‘B' forming an integral part of this Board's Report. The Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer. During FY 2026, Secretarial Auditors have not reported any matter of fraud under Section 143(12) of the Act, therefore no disclosure is required under Section 134(3)(ca) of the Act.

In terms of Regulation 24A of the Listing Regulations, the Company has obtained Annual Secretarial Compliance Report for FY 2026 from Chandrasekaran Associates, Secretarial Auditors. The same will be filed with the stock exchanges and will be uploaded on the Company's website.

AUDIT COMMITTEE

The Audit Committee comprises of 5 (five) Directors, all of whom are Independent Directors, viz. Mr. Ashwani Windlass (Chairman), Mr. Abhay P. Havaldar, Mr. Amit Jain, Ms. Deepa M. Harris and Mr. Vikram S. Mehta as Members. Brief terms of reference, meetings and attendance are included in the Corporate Governance Report forming an integral part of this Board's Report. All the recommendations made by the Audit Committee were accepted by the Board of Directors of the Company. During the FY 2026, there was no change in the constitution of the Audit Committee.

WHISTLE BLOWER POLICY/VIGIL MECHANISM

The Company has in place Whistle Blower Policy and has established the necessary vigil mechanism for directors and employees in confirmation with Section 177(9) of the Act and Regulation 22 of Listing Regulations, to report concerns about unethical behavior and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. The details of vigil mechanism as provided in the Whistle Blower Policy has been disclosed in the Corporate Governance Report forming an integral part of this Board's Report. The Whistle Blower Policy is disclosed on the Company's website (web link: https://www. jubilantfoodworks.com/investors/governance/policies-codes).

RISK MANAGEMENT

Risk Management is an integral and important component of Corporate Governance. The Board of Directors of the Company has constituted Risk Management Committee (‘RMC') which assists the Board in monitoring and reviewing the risk management plan, implementation of the risk management framework of the Company and such other functions as Board may deem fit. The Board modified the Risk Management Policy with effect from May 14, 2025 to enhance risk monitoring & reporting. The Risk Management framework is in place to identify, prioritize, mitigate, monitor and appropriately report any significant threat to the organization's strategic objectives, its reputation, operational continuity, environment, compliance and the health & safety of its employees. A detailed section on Risk Management is provided in the Management Discussion and Analysis Report forming an integral part of this Integrated Annual Report.

INTERNAL FINANCIAL CONTROL

The Company has in place a robust internal financial control system designed to support the efficient and disciplined execution of its operations. These controls ensure strict adherence to the Company's policies, safeguard its assets, enable the timely detection and prevention of frauds and errors, uphold the integrity and accuracy of the accounting records and timely preparation of reliable financial information. The internal control framework is appropriately scaled to the size and complexity of the Company's operations.

Deloitte Haskins & Sells LLP, the Statutory Auditors, have audited the financial statements presented in this Integrated Annual Report. As part of their audit, they have affirmed the adequacy and operating effectiveness of the Company's internal controls over financial reporting, in accordance with the requirements of Section 143 of the Act, as of March 31, 2026.

Further details on the Company's internal control mechanisms and their adequacy are provided in the Management Discussion and Analysis section of this Integrated Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of Regulation 34 of the Listing Regulations, Management Discussion and Analysis Report for the year under review is presented in a separate section, forming an integral part of this Integrated Annual Report.

CORPORATE SOCIAL RESPONSIBILITY

Corporate Social Responsibility (CSR) is integral to the Company's commitment to create sustainable and inclusive value for both communities and the business. Guided by its core value "leading with care", the Company focuses on delivering meaningful, on-ground impact in areas that matter most—across the nation and within the communities the Company serve, in collaboration with its implementation partners. The CSR initiatives of the Company are aligned with Schedule VII of the Act and United Nations Sustainable Development Goals (UNSDGs).

Key CSR Initiatives during FY 2026

FY 2026 marks a significant milestone in the Company's CSR journey. With an outreach of over 1.25 million people, the Company's CSR initiatives reflected both the scale of its ambition and the depth of its commitment. This progress reinforces the Company's belief that when business capabilities are aligned with real community needs, the outcomes can be both transformative and enduring.

A. Skill Development (Udaan)

Through the Company's skill development initiatives, over 2,500 youth from underserved communities were trained for careers in the QSR and food services sector, with more than 80% successfully placed.

B. Community Healthcare (Umang)

In healthcare, the Company is focused on bridging access gaps for underserved populations. During the year, the Company reached over 1.2 million individuals across its 8 factories/commissaries in 7 states and provided treatment to more than 100,000 patients through mobile medical units, clinics and health camps.

C. Dairy Farmer (Unnati) and Women Poultry Farmer (Sashakt) Development Program

The Company supported over 13,000 farmers across 35 centres in Maharashtra, with participating farmers experiencing up to a threefold increase in net income. Complementing these efforts, the women-led poultry initiative in Telangana is fostering self-reliance and strengthening community-based economic models.

D. Food Safety & Eat Right Education (Suraksha)

During the year, the Company trained over 5,000 street food vendors and 300+ institutional food handlers across 12 states, contributing to safer food ecosystems and improved public health outcomes.

E. Education & Training of Social Enterprises (Urja)

The Company promotes an enabling learning ecosystem by providing career awareness, research exposure, digital literacy and vocational skills training to approximately 3,000 students. In addition, the Company supports the training and incubation of social enterprises, fostering innovation and sustainable community-driven solutions.

Detailed CSR Activities for FY 2026 can be accessed through the link: CSR Activities.

In terms of Section 135 of the Act, the Annual Report on CSR Activities for FY 2026 is annexed herewith as Annexure ‘C' forming an integral part of this Board's Report. The CSR Policy is disclosed on the Company's website (web link: https://www.jubilantfoodworks.com/investors/ governance/policies-codes).

CORPORATE GOVERNANCE

The Corporate Governance philosophy of the Company is driven by the interest of stakeholders, focus on fairness, transparency and business needs of the organisation. The Company continues to be compliant with the requirements of Corporate Governance as stipulated in Listing Regulations. In terms of Regulation 34 read with Schedule V of Listing Regulations, the Corporate Governance Report including a certificate from Mr. Rupinder Singh Bhatia, a Practicing Company Secretary, regarding compliance of the conditions of Corporate Governance is annexed herewith as Annexure ‘D' forming an integral part of this Board's Report. The Corporate Governance Report, inter alia, contains the following disclosures:

a) Composition of Committees including Audit Committee, Nomination, Remuneration and Compensation Committee, Stakeholders Relationship Committee, Sustainability & Corporate Social Responsibility Committee, Risk Management Committee, Investment Committee, Digital & Technology Committee and Regulatory and Finance Committee; b) Disclosure relating to affirmation submitted by the Directors and Senior Management confirming compliance of the Code of Conduct for Directors and Senior Management; c) Dividend Distribution Policy; d) Details of Credit Rating; e) Details of Unpaid and Unclaimed Dividend Accounts and transfer to Investor Education and Protection Fund; and f) Details of remuneration of Directors including service contracts, notice period, severance fees, stock options held by them.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT

The Business Responsibility and Sustainability Report (‘BRSR') highlight the Company's adherence to the principles outlined in the ‘National Guidelines on Responsible Business Conduct'. The Company actively promotes its suppliers, partners and other stakeholders in adopting these principles.

This report offers stakeholders insights into the Company's Environmental, Social and Governance (‘ESG') initiatives. The BRSR framework encompasses 9 (nine) core principles that listed companies must uphold in their business operations.

According to Regulation 34(2)(f) of the Listing Regulations, the BRSR for FY 2026 is annexed herewith as Annexure ‘E', forming an integral part of this Board's Report. The assurance certificate for BRSR Core Indicators from an independent agency – T?V S?D South Asia Pvt. Ltd. also forms part of the Integrated Annual Report.

PREVENTION OF SEXUAL HARASSMENT

The Company is committed towards promoting the work environment that ensures every employee is treated with dignity and respect and afforded equitable treatment irrespective of their gender, race, social class, caste, creed, religion, place of origin, sexual orientation, disability or economic status. Pursuant to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (‘POSH Act'), the Company has adopted a Policy on prevention of Sexual Harassment at Workplace. Periodic sessions were also conducted to apprise employees and build awareness on the subject matter. The Company's key focus is to create a safe, respectful and inclusive workplace which fosters professional growth for each employee.

As per the requirement of the POSH Act and Rules made thereunder, the Company had constituted an Internal Complaints Committee (‘ICC') to redress the complaints received regarding sexual harassment. The ICC meets periodically to discuss various scenarios/sample cases and steps that can be taken to ensure that POSH cases are reported and addressed uniformly across the organization. The details of complaints received, disposed and pending, during FY 2026 are as follows:

i) Complaints received: 32 ii) Complaints disposed off: 28 iii) Complaints pending as on end of the financial year: 4 iv) Number of cases pending for more than ninety days: Nil

COMPLIANCE OF PROVISIONS RELATING TO THE MATERNITY BENEFIT ACT, 1961

The Company is in compliance with the provisions of the Maternity Benefit Act, 1961 for the financial year ended March 31, 2026 and has policies, systems and processes in place to ensure ongoing compliance.

(A) Conservation of Energy

The Company continues to invest in environment friendly and sustainable operations, through high precision operations excellence, adopting innovation projects and building automation. Through these initiatives, the Company is contributing in reducing the carbon footprints.

i) The steps taken and impact on conservation of energy

During the year, the Company further strengthened its focus on energy efficiency and sustainable operations by expanding the deployment of its Energy Management System (‘EMS') across 100+ additional stores nationwide, taking the total EMS-enabled store count to over 2,100 locations. This expansion enables real-time monitoring and optimization of energy consumption across stores, supporting data-driven decision-making and improved operational efficiency.

In parallel, the Company accelerated the transition towards cleaner and more efficient power solutions by deploying Lithium-ion based Uninterruptible Power Supply (‘Li-ion UPS') systems in over 100 stores, significantly reducing dependence on diesel generators. This shift contributes to lower emissions, reduced fuel consumption and improved reliability of backup power systems.

Further, LPG auto-changeover systems were implemented at more than 250 sites across the country, ensuring optimal utilization of LPG cylinders and minimizing wastage. This initiative has led to improved fuel efficiency and enhanced safety at store locations. Additionally, the Company continues to prioritize energy-efficient infrastructure in its new stores, with inverter-based air-conditioning systems being actively deployed to deliver better energy performance, lower power consumption and enhanced indoor comfort. Collectively, these initiatives underscore the Company's ongoing commitment to operational efficiency, sustainability and responsible resource management.

ii) The steps taken by the Company for utilising alternate sources of energy a) Renewable energy: The Company's Sustainability Framework is anchored on four key pillars—Food, Planet, People & Communities and Governance. Through materiality assessment, the Company identified Climate Change as a priority sustainability issue. In line with this commitment, the Company transitioned its Commissaries to renewable energy through open access and a Power Purchase Agreement (PPA), enabling nearly 52.7% renewable energy consumption during FY 2026, equivalent to approximately 50,213 GJ of clean energy. This initiative supports the Company's efforts to reduce its carbon footprint and advance its sustainability goals.

b) E-Bikes: The Company continues to strengthen its commitment to sustainable last-mile delivery by significantly expanding the deployment of electric bikes in line with its growing fleet and business requirements. During FY 2026, the proportion of e-bikes and e-cycles in the delivery fleet increased to 67%, reflecting steady progress towards reducing dependence on fossil-fuel-based mobility solutions. This initiative plays a meaningful role in lowering the Company's carbon footprint while supporting a transition to environmentally responsible operations. The Company remains focused on implementing e-bikes across all new stores, taking into consideration local terrain and operational feasibility. Notably, all delivery bikes used in Popeyes and Hong's Kitchen continue to be fully electric, reinforcing the Company's commitment to sustainable delivery formats.

c) Petrol: The Company further optimized petrol consumption for conventional delivery bikes by implementing predictive fuel limits aligned with business demand patterns. This data-driven intervention resulted in a reduction of petrol consumption by approximately 9 lakh litres, translating into cost savings of about H9 crore during the year. These efficiency measures have helped curtail fuel usage while sustaining operational scale, thereby contributing to lower emissions and enhanced cost efficiency in delivery operations.

d) Piped Natural Gas: The Company expanded the adoption of cleaner fuel alternatives across its store network by adding 24 new outlets on Piped Natural Gas (PNG) during the year, increasing the total number of PNG-enabled stores to 256. PNG, being a cleaner-burning fuel with lower greenhouse gas emissions compared to LPG, continues to play an important role in the Company's energy transition strategy. Additionally, PNG installations are currently in progress at another 150 stores, which is expected to further strengthen the Company's efforts towards sustainable and responsible store operations.

iii) The capital investment on energy conservation equipment

Capital investment on energy conservation equipment during FY 2026 was approx. H1,104.42 million.

(B) Technology Absorption

The Company continues to set new benchmarks in technology adoption within the food service industry, pioneering digital innovations that enhance customer experience and drive operational excellence across its digital platforms, restaurant network, delivery systems, commissaries and supply chain.

Best-in-Class Digital Ecosystem and Consumer Experience

The Company has built an industry-defining, food-first digital ecosystem anchored by a friction-free, high-conversion mobile app and powered by a sophisticated digital commerce platform. Through deep investments in UX research and the development of proprietary personalization and recommendation engines, the Domino's India App has emerged as the highest-rated food delivery app on both iOS and Android. These efforts have led to record-high conversion rates and a seamless ordering experience, reinforced by innovative features such as ordering pizza on moving trains and drive-through collection.

A next-generation digital platform underpins this transformation— designed to seamlessly scale across multiple brands, countries and languages. This foundation positions the Company to unlock new business models and expand its digital footprint globally.

Store.AI: Proprietary AI Engine Powering Strategic Growth and Precision Operations

The Company continues to be at the forefront of leveraging Data, Artificial Intelligence (‘AI') and Machine Learning (‘ML') at scale to drive its next phase of growth and operational excellence. Central to this transformation is its proprietarystore.AI engine — a cutting-edge platform that enables data-driven decision-making across the network.

In a highly competitive market where location remains critical to a restaurant's success, particularly for a market leader like Domino's, identifying optimal store sites is both a strategic priority and a complex challenge. With nearly 2,400 stores in operation, planning the next 1,000 locations requires precision, foresight and technological innovation.

The store.AI engine evaluates thousands of internal and external demand signals to identify high-potential areas for new store development. The platform predicts demand with exceptional accuracy — down to specific streets, neighbourhoods and malls — ensuring that each new outlet is strategically positioned to maximize customer reach and business impact.

Beyond expansion planning, store.AI plays a critical role in optimizing existing operations. The platform enables data-led refinements in delivery zones and store operating hours, driving enhanced operational efficiency and superior customer experience. During the year, the Company further strengthened the platform's capabilities by introducing AI-driven recommendations for optimizing store opening timings. This capability is now contributing meaningfully to business growth by aligning store availability more closely with localized demand patterns and customer ordering behaviour. Additionally, the platform's ability to identify micro-clusters empowers the Company to execute hyperlocal marketing campaigns, enabling sharper targeting, stronger customer engagement and improved demand generation at a granular level. Through store.AI, the Company is not only transforming how it expands and operates but also reinforcing its position as a technology-first, customer-centric brand committed to sustainable long-term value creation.

Generative AI: Advancing Customer Intelligence and Data-Driven Decision Making

The Company is strengthening its Artificial Intelligence capabilities through the development of Generative AI (‘Gen AI') solutions aimed at enhancing customer understanding and accelerating data-driven decision-making across the organization.

Advanced Gen AI capabilities are being developed to analyze the voice of customers across multiple channels, enabling deeper insights into customer sentiment, preferences and emerging trends at scale. These insights are helping the Company drive sharper customer engagement and faster business actions.

In parallel, the Company is building an in-house Virtual Analyst platform powered by Gen AI to democratize access to data and insights across functions. By enabling teams to interact with data through natural language queries, the platform is improving the speed, accessibility and scalability of analytics-driven decision-making and supporting key strategic initiatives across the business. Through these initiatives, the Company continues to strengthen its technology-first approach while building future-ready digital capabilities to drive long-term growth and operational excellence.

Enhancing Customer Experience and gaining market share through Proprietary Customer Science Engine

The Company continues to strengthen its competitive advantage through its proprietary Customer Science Engine — an advanced analytics platform designed to deliver highly personalized customer experiences at scale.

Powered by Artificial Intelligence (‘AI') and Machine Learning (‘ML'), the engine continuously analyzes customer interactions including order history, browsing behaviour, CRM engagement,

Net Promoter Scores (‘NPS') and feedback to generate actionable insights. These capabilities enable the Company to predict customer behaviour and deliver the Next Best Action through personalized offers, tailored communication and relevant product recommendations.

The Company's proprietary AI/ML-powered personalization and recommendation engines are enhancing customer experience by delivering more relevant choices aligned to individual customer need states and consumption occasions. By building customer personas and identifying key occasions, the Company is increasingly winning high-value customer moments and strengthening customer relevance across segments. This is emerging as a key competitive advantage, helping drive engagement, frequency and market share growth.

The platform also powers dynamically curated menus, intelligent cross-sell and upsell recommendations and precision-led promotional investments — improving customer experience, conversion, order value and marketing efficiency.

Through the Customer Science Engine, the Company continues to reinforce its commitment to customer-centric innovation, scalable growth and data-driven decision-making.

Precision Pricing Powered by AI

The Company's proprietary AI-powered pricing engine has evolved into a key strategic capability, enabling intelligent and agile pricing decisions at scale. By leveraging Artificial Intelligence (‘AI') and Machine Learning (‘ML'), the platform continuously analyses real-time demand signals, market dynamics, customer behaviour and external factors to optimize pricing and promotional strategies across channels.

Designed to deliver the right value to customers while supporting profitable growth, the engine enables calibrated price actions with precision, helping the Company effectively navigate inflationary and competitive market environments while maintaining order volumes and customer relevance.

This data-driven approach strengthens the Company's ability to respond dynamically to changing market conditions and reinforces its commitment to sustainable, customer-centric growth. By embedding intelligence at the core of its pricing strategy, the Company continues to enhance revenue realization and long-term value creation.

Driving excellence in restaurant operations, delivery, commissaries and supply chain

The Company is advancing its operations by embedding automation in its restaurants, commissaries and logistics through enterprise-grade processes. An auto-indenting tool forecasts daily ingredient requirements at the store level, optimizing inventory to ensure maximum availability while minimizing waste and sales loss. The in-house Last Mile Delivery Platform (‘DMS') empowers the Company's restaurants and riders to efficiently manage order deliveries, providing customers with a smooth order-tracking experience. The proprietary restaurant app, OSSOM, serves as a comprehensive tool for restaurant managers to streamline operations.

The Transportation Management System (‘TMS') optimizes the Company's outbound logistics, including route optimization, delivery scheduling, real-time tracking via a Digital Control Tower and detailed reporting on key performance indicators, freight cost allocation and more. The Company also employ IoT sensors to monitor variables such as chamber temperature, truck speed, door status and truck geolocation to ensure food quality.

The Warehouse Management System (‘WMS'), supported by handheld terminals (‘HHTs'), effectively manages warehouse activities. Additionally, tech-based resource planning tool incorporates sales forecasts and delivery schedules to project daily staffing requirements, production schedules, dispatch cases, truck and dock requirements and more. The Company utilizes face biometricbased access control to accurately measure area-wise productivity at commissaries, digital energy meters and an Energy Management System (‘EMS') to drive energy efficiency. Advanced cameras are used to read vehicle number plates, enhancing its ability to monitor truck movements.

The Company is making strategic advancements in ‘GenAI' to unlock scalable intelligence across customer engagement and operations. This next-generation capability is enhancing its voice-of-customer initiatives, enabling deeper understanding and faster responsiveness at scale. GenAI is being deployed to generate personalized marketing content, automate customer support interactions and synthesize large volumes of operational data, significantly improving productivity, consistency and insight generation across functions.

Through these initiatives, the Company continues to lead the industry in innovation, setting new standards for customer satisfaction and operational excellence. The Company's dedication to technological advancement ensures that it remain at the cutting edge, providing exceptional value and experiences for customers as well as employees.

(C) Foreign Exchange Earnings & Outgo

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to provisions of Section 134 of the Act, your Directors state that in the preparation of the Statement of Profit and Loss Account for the financial year ended March 31, 2026 and the Balance Sheet as at that date, the Directors have:

a) followed the applicable accounting standards along with proper explanation for any material departures;

b) selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) prepared the annual accounts on a going concern basis; e) laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

f) devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

COMPLIANCE OF THE SECRETARIAL STANDARDS

The Company has complied with the applicable Secretarial Standards on Meetings of the Board of Directors and on General Meetings issued by the Institute of Company Secretaries of India and notified by the Ministry of Corporate Affairs.

During the year under review: a) The Company had not accepted any deposits from public and there was no outstanding, unpaid or unclaimed public deposit under Chapter V of the Act; b) Maintenance of cost records under sub-section (1) of Section 148 of the Act was not applicable to the Company;

c) No equity shares with differential rights as to dividend, voting or otherwise were issued;

d) No Sweat Equity shares were issued;

e) No remuneration or commission was paid to the Whole-time Director/ Managing Director of the Company by the subsidiaries of the Company;

f) No significant and material orders were passed by the Regulators/ Courts/Tribunals which impact the going concern status and Company's operations in future;

g) No change in the nature of the business of the Company;

h) No application was made nor any proceedings were pending under the Insolvency and Bankruptcy Code, 2016; and

i) No instance of any one-time settlement with any Banks or Financial Institutions.

There have been no material changes and commitment, affecting the financial position of the Company which occurred between the end of FY 2026 till the date of this Report, other than those already mentioned in this Report.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to thank and acknowledge with gratitude, the contribution, co-operation and assistance received from International Business Partners from Domino's, Popeyes, Dunkin', Government and Regulatory Authorities, other Business Partners, Bankers, Members, the Stock Exchanges and other Stakeholders. Also, the Board places on record its deep appreciation for the unwavering hard work, dedication and commitment of all employees, whose efforts continue to underpin the Company's industry leading performance. Their passion and resilience have been instrumental in sustaining the Company's leadership and driving its continued success.

Your Directors appreciate the continued co-operation and support received from its customers that has enabled the Company to make every effort in understanding their unique needs and deliver maximum customer satisfaction.

Inspired by the Vision, driven by Values and powered by Strength, your Directors and employees of the Company look forward to the future with confidence and stand committed to creating an even brighter future for all stakeholders.