Key Event Details
Mr. Vishal Mehrotra, Chief B&M Officer– FMCG and a Senior Management Personnel of the Company, tendered his resignation from the services of the Company due to personal reasons on March 05, 2026. He has been relieved from his duties with effect from close of business hours of June 05, 2026.
Succession Plan
Mr. Vineet Saxena, Senior Vice President – FMCG and a Senior Management Personnel of the Company, will lead the FMCG business of the Company.
Profile of New FMCG Business Head
Mr. Vineet Saxena is a seasoned business leader with over two decades of extensive experience in retail, FMCG, and consumer goods sectors. Prior to joining Vishal Mega Mart, he served as Chief Growth Officer at Metro Wholesale. His career includes leadership positions at Reliance Retail Limited, 7-Eleven Convenience Retail, Metro Cash & Carry, Walmart India, Hindustan Unilever Limited, and Singer India Private Limited.
Educational Qualifications
- Bachelor's degree in Science from Hemvati Nandan Bahuguna Garhwal University
- Post Graduate Diploma in Business Management (PGDBM) from SGRR Institute of Technology & Science
- Completed 3TP Senior Management Programme from Indian Institute of Management Ahmedabad
Annexure Details
Annexure-I contains the resignation letter dated March 05, 2026, addressed to Mr. Gunender Kapur, Managing Director & Chief Executive Officer, stating resignation due to personal reasons and availability to serve full notice period.
Annexure-II provides structured disclosure format as required by SEBI regulations:
- Reason for change: Resignation due to personal reasons
- Date of cessation: Effective close of business hours on June 05, 2026
- Brief profile: Not Applicable
- Disclosure of relationships between directors: Not Applicable