Key Quantitative Figures

  • Mr. Vijay Shankar Chandak holds 7,100 equity shares of ₹10 each
  • Shareholding represents 0.001% of total equity share capital
  • Shares were transmitted during quarter ended September 30, 2025

Dates of Action

  • Request letter dated: 22nd June, 2026
  • Disclosure filed with exchanges: 22nd June, 2026
  • Transmission occurred during quarter ended September 30, 2025
  • Current classification maintained in shareholding patterns for quarters ending September 30, 2025, December 31, 2025, and March 31, 2026

Parties Involved

  • Requesting Party: Mr. Vijay Shankar Chandak (Promoter Group member)
  • Regulatory Authorities: BSE Limited, National Stock Exchange of India Ltd., SEBI
  • Deceased Promoter: Mrs. Chanda Chandak (spouse of Mr. Vijay Shankar Chandak, former Promoter Group member)
  • Company Representative: Ashu Gupta, Company Secretary & Compliance Officer

Purpose and Rationale

Mr. Chandak seeks reclassification because he does not exercise any control over the company, is not involved in management, and holds no special rights through formal or informal arrangements.

Conditions and Certifications

Mr. Chandak certified that:

  • He and related persons hold less than 10% of total voting rights
  • No control exercised over company affairs directly or indirectly
  • No special rights through shareholder agreements or other arrangements
  • No representation on board of directors (including nominee directors)
  • Not acting as key managerial person
  • Not classified as wilful defaulter per RBI guidelines
  • Not fugitive economic offender
  • No pending regulatory actions against him

Compliance Undertakings

Mr. Chandak committed to:

  • Continue complying with Regulation 31A(3)(b)(i), (ii), and (iii) conditions at all times post-reclassification
  • Comply with Regulation 31A(3)(b)(iv) and (v) conditions for minimum three years post-reclassification
  • Accept reclassification back to promoter group if conditions are violated

Approval Requirements

The reclassification request is subject to:

  • Consideration and approval by Board of Directors of Avenue Supermarts Limited
  • Approval from Stock Exchanges (BSE and NSE)
  • Compliance with all conditions specified under Regulation 31A of SEBI Listing Regulations
  • Other applicable regulatory approvals as required

Shareholding History

Mr. Chandak has been classified as Promoter Group in the company's shareholding patterns filed for:

  • Quarter ending September 30, 2025
  • Quarter ending December 31, 2025
  • Quarter ending March 31, 2026

Financial Impact

No immediate financial impact quantified in the disclosure. The reclassification represents an administrative change in shareholding category for 0.001% of equity capital.

Capital Structure Impact

No change to total share capital or voting rights. Only classification change of existing shares from Promoter Group to Public category.

#Tags: #AvenueSupermarts #SEBIRegulation31A #PromoterReclassification #ShareholdingPattern #RegulatoryCompliance #Neutral