Press Release
Amicable family settlement announced by promoter family.
- Promoter John K. Paul steps away effective 1 Oct 2026.
- Remaining promoters Francis K. Paul and Naveen Philip to lead company.
- John's 20% shareholding to transfer to others by 31 Dec 2029.
- No impact on operations, franchise, or growth plans.
- Outgoing promoter agrees not to compete in existing markets.
- Company logo remains with the company; trade names continue.
- MD Naveen Philip thanked John and reaffirmed focus on growth.
Source: Original filing PDF
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