Key Event Details
Ms. Soumya Rajan (DIN: 03579199), Independent Director of Vishal Mega Mart Limited, tendered her resignation via a letter dated November 02, 2026, received by the company through email at 10:05 AM IST. The resignation is effective from the close of business hours on November 02, 2026.
Reason for Resignation
The stated reason for resignation is "increasing professional commitments to her Company, Waterfield Advisors." In her resignation letter, Ms. Rajan elaborated that after considerable deliberation, she believed it was the right time to step down to allow for a new director to bring fresh perspectives as the company scales and grows.
Additional Cessations
Consequent to her resignation as Independent Director, Ms. Rajan will also cease to be a Member and Chairperson of all Committees of the Board of the Company on which she was serving.
Confirmations and Disclosures
Ms. Rajan provided a confirmation that there are no other material reasons for her resignation beyond those stated in her letter. The disclosure annexure confirms that she holds no directorships in any other listed entities.
Financial and Operational Impact
The disclosure does not quantify any financial impact resulting from this resignation.
Submitted By
The letter was digitally signed by Rahul Luthra, Company Secretary & Compliance Officer (ICSI Membership No: F9588), on November 02, 2026, at 18:10:30 IST.