Avenue Supermarts Board Approves Q1 FY27 Unaudited Results, ₹1000 Cr NCD Issuance

Avenue Supermarts Ltd's Board of Directors met on July 11, 2026, approving the Unaudited Standalone & Consolidated Financial Statements for the quarter ended June 30, 2026, along with the Limited Review Report. The board also approved the issuance of Non-convertible Debentures (NCDs) aggregating up to ₹1,000 crore on a private placement basis. Key management changes were approved, including the re-appointment of Mr. Bhaskaran N as Whole-time Director and Chief Operating Officer, the appointment of Mr. Lalit Ahuja as Chief Operating Officer, and a designation change for Mr. Parvez Vandrewala. Additionally, the board approved the reclassification of Mr. Vijay Shankar Chandak from Promoter Group to Public category, subject to stock exchange approval.