**Jubilant FoodWorks Exits Russian Business, Completes Sale of Pizza Restaurants LLC**

Jubilant FoodWorks Limited (JFL) has officially exited its Russian business by completing the sale of its entire stake in Pizza Restaurants LLC. The transaction was executed through its step-down subsidiary, **Fidesrus B.V.**, which held 100% ownership of Pizza Restaurants LLC in Russia. The company confirmed that the stake transfer was finalized on **July 10, 2025**, with formal confirmation received from the Russian Trade Registrar. As a result, **Pizza Restaurants LLC ceases to be a step-down subsidiary** of Jubilant FoodWorks effective the same day. This move aligns with the company’s broader strategic focus on streamlining operations and possibly concentrating on core growth markets. The sale is seen as a strategic exit from a challenging geopolitical and business environment. This update follows earlier disclosures made on **April 30** and **May 30, 2025**, and is in compliance with **SEBI Regulation 30** on material events. The development has been shared with stock exchanges BSE and NSE and published on the company’s investor relations portal. 📍 *Symbol: JUBLFOOD | BSE: 533155* 🔗 [***** *For informational purposes only. The author may have personal holdings in the stock mentioned.*