Change in Director / Key Managerial Personnel

  • Nature of change: Re-appointment of Mr. Ram Chandra Agarwal as Chairman and Managing Director of the Company.
  • Name and DIN: Mr. Ram Chandra Agarwal (DIN: 00491885).
  • Effective date and tenure: The re-appointment is for a period of 5 years, effective from 22nd November, 2026. The approval was granted by the Board of Directors at its meeting held on 28th May, 2026.
  • Profile and qualifications: Mr. Agarwal holds a Bachelor's degree in Commerce and brings over 30 years of experience in the retail sector. As a founding member of the company's board, he has been the driving force behind the company's growth and pioneered the value retailing concept in India. His leadership and contributions have earned him prestigious awards, including the Ernst & Young Entrepreneur of the Year award in 2008 and the 4Ps Power Brand Award in 2007.
  • Eligibility confirmation: It is confirmed that Mr. Ram Chandra Agarwal is not debarred from holding the office of Managing Director by virtue of any SEBI order or any such authority, as required under BSE circular Number LIST/COM/14/2018-19.
  • Relationship with other directors: Mr. Agarwal is the husband of Mrs. Uma Agarwal, Whole Time Director of the Company, and the father of Mr. Akash Agarwal, Wholetime Director & CEO of the Company.
  • Approval status: The re-appointment is subject to approval of shareholders in the ensuing Annual General Meeting.

Key Financial or Operational Approvals

This disclosure does not contain information about financial results, fundraising, or other operational approvals.

Strategic or Business Context

This disclosure does not contain strategic commentary, business outlook, or operational updates.

Any Other Material Information

  • Regulatory compliance: The intimation is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
  • Company details: Scrip Code: 532867, NSE Symbol: V2RETAIL, CIN: L74999DL2001PLC147724.