Board Meeting23 Jul 2026, 12:49 pm
Vishal Mega Mart Board Approves Unaudited Financial Results
AI Summary
Vishal Mega Mart Limited announced that its Board of Directors has approved the unaudited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026. The board also approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for a second term, subject to shareholder approval. Additionally, a proposal to cap aggregate foreign ownership at 49.99% was approved, requiring shareholder consent, to align with subsidiary business requirements and SEBI regulations.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Standalone and consolidated results were approved.
- Re-appointment of an Independent Director approved.
- Proposal to cap foreign ownership at 49.99% approved.
- Shareholder approval needed for foreign ownership cap.
Price Impact
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