Westlife Development Limited focuses on putting up and operating Quick Service Restaurants (QSR) in India through its wholly-owned subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL). The Company operates a chain of McDonald's restaurants in West and South India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
Westlife equity shares are currently listed at the Bombay Stock Exchange (BSE) at Mumbai in India. The respective codes are as below:
|Exchange Codes (BSE)||WESTLIFE|
Westlife shares are included on BSE 500 (on BSE).
Company’s stock price can be found on BSE. Please refer to the following link: http://www.bseindia.com/stock-share-price/westlife-development-ltd/westlife/505533/
The fiscal year of the Company commences on 1 April and ends on 31 March.
B S R and Associates LLP, Chartered Accountants, an Indian Associate of KPMG
On our website in “Investors” section under "Financial Information" tab you can find financial results of the company since listing.
Company has paid dividend in the following years:
|Fiscal||Interim Dividend(₹)||Final Dividend (₹)||Total Dividend* (₹)|
* Not adjusted for bonus shares and stock splits
|Quarter Ending||Earnings Release Date|
|June 30, 2018||July 27, 2018|
|September 30, 2018||November 1, 2018|
|December 31, 2018||February 1, 2019|
|March 31, 2019||May 10, 2019|
The details of AGM for previous fiscal years held in Mumbai are mentioned below:
|Fiscal Year||AGM Date|
|2013-14||September 26, 2014|
|2014-15||September 24, 2015|
|2015-16||September 29, 2016|
|2016-17||September 20, 2017|
Yes. Westlife follows quiet periods prior to its earnings release every quarter. During the quiet period, the Company or any of its officials will not discuss earnings expectations with any external parties. Based on the tentative dates of the earnings release, the tentative quiet periods would be as follows:
|Quarter Ending||Earnings Release Date||Quiet Period|
|June 30, 2018||July 27, 2018||July 1, 2018 – July 26, 2018|
|September 30, 2018||November 1, 2018||October 1, 2018 – October 31, 2018|
|December 31, 2018||February 1, 2019||January 1, 2018 – January 31, 2018|
|March 31, 2019||May 10, 2019||April 10, 2018 – May 9, 2018|
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If you hold company’s shares in electronic form (Demat form), please contact your Depository Participant (DP) / broker for change of address.
If you hold company’s shares in physical form, please write to company’s Registrar and Transfer Agent along with your DP and Client ID at:
The royalty to be paid by Hardcastle Restaurants Pvt Ltd (HRPL) (a 100% subsidiary of Westlife Development Ltd) to McDonald’s Corporation will continue to be at 4% till FY 2021.
Below are the royalty details for HRPL:
|Apr 2019-Mar 2020||Apr 2020-Mar 2021||Apr 2021-Mar 2022||Apr 2022-Mar 2023||Apr 2023-Mar 2024||Apr 2024-Mar 2025||Apr 2025-Mar 2030||Apr 2030-Mar 2040*|
(* if extended).
Any changes during this tenure will be duly updated.