Meeting Details
- Date: Thursday, 30th July, 2026
- Time: 11:00 A.M. (IST)
- Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Type of Meeting: 24th Annual General Meeting
Proposed Resolutions and Implications
The following ordinary business resolutions were proposed for shareholder approval:
1. To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the reports of the Auditors and the Board of Directors thereon.
2. To appoint a director in place of Mr. Lalit Agarwal (DIN: 00900900) who retires by rotation and being eligible, offers himself for re-appointment.
3. To consider, approve and declare dividend at the rate of Rs. 1 per Equity Share for the financial year 2025-26.
Voting Process and Methods
The Company partnered with National Securities Depository Limited (NSDL) to provide remote e-voting and e-voting facilities:
- Remote e-voting period: Commenced at 9:00 a.m. on 26th July, 2026 and ended at 5:00 p.m. on 29th July, 2026
- Live e-voting during AGM: Facility was made available during the meeting for members who had not cast their vote prior to the meeting through remote e-voting. The e-voting facility was kept open for another 15 minutes during the AGM.
Attendance and Participation
- Total members attended: 191 members representing 3,53,37,200 shares
- Directors and KMPs present:
- Mr. Aakash Moondhra (Chairperson & Non-Executive and Non-Independent Director)
- Mr. Lalit Agarwal (Managing Director)
- Mr. Madan Gopal Agarwal (Whole-time Director)
- Ms. Shweta Kumar (Independent Director and Chairperson of Nomination & Remuneration Committee and Stakeholder Relationship Committee)
- Mr. Govind S. Shrikhande (Independent Director and Chairperson of Audit Committee)
- Mr. Raghuvesh Sarup (Independent Director and Chairperson of Risk Management Committee & CSR Committee)
- Mr. Anand Agarwal (Chief Financial Officer and Chief Operating Officer)
- Ms. Megha Tandon (Company Secretary and Compliance Officer)
- Other representatives: Statutory Auditors (M/s S.R. Batliboi & Co LLP), Secretarial Auditors (M/s Agarwal S. & Associates), and Scrutinizer (Mr. Harsh Oberoi)
Scrutinizer Appointment
Mr. Harsh Oberoi, Practicing Company Secretary from M/s Oberoi & Associates, was appointed as Scrutinizer for the meeting. The documents required to be kept open at the AGM for inspection were kept open for inspection.
Meeting Proceedings
The meeting included:
- Welcome address by Ms. Megha Tandon, Company Secretary
- Introduction of all Directors present
- Chairperson's address providing strategic overview of Company's performance, long-term vision, growth opportunities, sustainability initiatives, governance practices, and key priorities
- Managing Director's briefing on operational and financial performance during FY'26, customer-centric initiatives, technology-led transformation, organisational development, and future growth roadmap
- Shareholder question and answer session where queries were addressed by Mr. Lalit Agarwal, Managing Director
- Voting on the three resolutions
- Meeting concluded at 12:20 P.M.
Financial Performance Highlights (from presentation)
The management presentation included key financial metrics for FY26:
- Revenue: Rs. 3,789 Crores
- EBITDA: Rs. 513 Crores (13.6% margin)
- PAT: Rs. 124 Crores
- Debt: Long-term Debt Free
Compliance Statement
The AGM was held in compliance with relevant circulars issued by the Ministry of Corporate Affairs (MCA) and applicable Circulars issued by SEBI, and other applicable provisions of the Companies Act, 2013 read with rules made thereunder.
Results Publication
The e-voting results along with the Scrutinizer's Report were to be made available on the websites of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com) and would also be placed on the Company's website (www.vmart.co.in).