Jubilant FoodWorks has executed a share purchase agreement to sell its entire 31.66% stake in Hashtag Loyalty Private Limited, an associate company, as part of its ongoing exit from the loss-making business. The transaction was completed through an agreement dated December 29, 2025, according to a regulatory filing by the company.
As per the disclosure, Jubilant FoodWorks has entered into the agreement with Mr. Karan Chechani, one of the founders of Hashtag Loyalty, for a total consideration of Rs 6,415.94. Following the completion of the transaction, Hashtag Loyalty will cease to be an associate company of Jubilant FoodWorks. The expected date of completion of the sale is on or before February 12, 2026 .
The company clarified that the transaction does not fall under related party transactions, and the buyer does not belong to the promoter or promoter group of Jubilant FoodWorks. The sale is also outside the scope of any scheme of arrangement, as stated in the filing .
Jubilant FoodWorks had earlier disclosed the discontinuation of business operations of Hashtag Loyalty, and during the financial year 2024–25, the company had fully impaired its investment in the associate. As per Hashtag Loyalty’s financial statements, the entity reported total income of Rs 27.47 million in FY25, while its net worth stood at Rs 1.22 million as of March 31, 2025, with nil contribution to Jubilant FoodWorks’ consolidated financials .
The company said the disclosure has been made under Regulation 30 of the SEBI Listing Regulations, and the intimation has also been uploaded on its official website under the investor relations section.
