Event Details

The 8th Annual General Meeting (AGM) of Vishal Mega Mart Limited was held on Friday, September 18, 2026 at 12:00 Noon (IST) through Video Conferencing/Other Audio Visual Means facility provided by National Securities Depository Limited (NSDL).

The meeting commenced at 12:00 Noon and concluded at 12:51 PM (IST).

Attendance

  • Members present: 107 members
  • Board of Directors present (including Chairpersons of Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, Risk Management Committee and Corporate Social Responsibility & Sustainability Committee)
  • Chief Financial Officer present
  • Representatives of Statutory Auditors and Secretarial Auditors present
  • Scrutinizer present
  • Absent directors: Mr. Yogesh Yadav (Independent Director), Mr. Sanjeev Aga and Mr. Vageesh Gupta (Non-Executive Directors) due to prior engagements

Meeting Proceedings

Mr. Rahul Luthra, Company Secretary & Compliance Officer (ICSI Membership No: F9588), conducted the meeting proceedings with necessary statutory disclosures.

The Company appointed Mr. Shashikant Tiwari, Partner (Membership No. F11919 & C.P. No. 13050), failing him Mr. Lakhan Gupta (Membership No. F12686 & C.P. No. 26704), Partner, Chandrasekaran Associates, Company Secretaries, as the Scrutinizer to supervise the e-voting process.

Ms. Neha Bansal, Chairperson and Independent Director, presided over the meeting.

Mr. Gunender Kapur, Managing Director & Chief Executive Officer, delivered a speech about the Company's performance during Financial Year 2025-26, including remarks about profit, revenue, and new store openings.

Resolutions Considered

The following six resolutions were read out and considered for members' approval:

ORDINARY BUSINESS:

1. Adoption of audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. Appointment of director in place of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director, who retires by rotation (Ordinary Resolution)

SPECIAL BUSINESS:

3. Approval of continuation of Directorship of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director upon attaining age of 75 years (Special Resolution)

4. Re-appointment of Ms. Neha Bansal (DIN: 02057007) as Non-Executive Independent Director (Special Resolution)

5. Approval of cap of Aggregate Foreign Ownership Limit at 49.99% of total equity instruments on fully diluted basis (Special Resolution)

6. Re-appointment of Mr. Gunender Kapur (DIN: 01927304) for 5 years with effect from September 01, 2026 redesignated as Founder, Managing Director & Chief Executive Officer (Special Resolution)

Voting and Documentation

  • E-voting services were facilitated by NSDL
  • Members could cast votes electronically during the AGM for 30 minutes
  • Results of e-voting along with consolidated scrutinizer's report will be disseminated to NSE and BSE
  • Proceedings and transcript of AGM will be made available on company website
  • Unanswered questions received over email will be replied within ten working days
  • Statutory registers and documents were available for electronic inspection by members

Additional Information

  • The full document is available on company website: https://aboutvishal.com/
  • Company's registered office: 5th Floor, Platinum Tower, Plot No. 184 Udyog Vihar, Phase - 1, Gurugram, Haryana-122016, India
  • Formerly known as Vishal Mega Mart Private Limited