Vishal Mega Mart Ltd

Vishal Mega Mart Ltd's subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Additional District Magistrate, Moradabad, imposing a penalty of ₹1,00,000. The penalty stems from a food safety violation concerning a third-party manufactured 'Ghee' product sampled during an inspection on April 11, 2025. The subsidiary is reviewing the order and plans to file an appeal. The company stated that the financial impact is limited to the penalty amount and that it expects to recover the cost from the manufacturer. There is no material impact on the company's operations.

Vishal Mega Mart Limited announced the re-appointment of Ms. Neha Bansal as a Non-Executive Independent Director for a second term of one year, commencing September 23, 2026, and concluding September 22, 2027. This re-appointment is subject to shareholder approval. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and a proposal to cap aggregate foreign ownership at 49.99%, requiring shareholder consent. The meeting was held on July 23, 2026.

Vishal Mega Mart Limited announced the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for a second term of one year, commencing September 23, 2026, until September 22, 2027, subject to shareholder approval. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and noted the limited review reports. Additionally, a proposal to cap aggregate foreign ownership at 49.99% was approved, requiring shareholder consent, to ensure the company remains Indian-owned and controlled for its subsidiary's business requirements.

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.

Vishal Mega Mart Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue from operations of ₹3,727.0 crores, an 18.7% year-on-year growth. Gross profit increased by 19.9% to ₹1,068.8 crores, with a gross profit margin of 28.7%. Reported EBITDA grew 18.6% to ₹544.6 crores. Profit After Tax (PAT) saw a significant jump of 25.6% to ₹258.8 crores, with a PAT margin of 6.9%. The company also expanded its store network, adding 27 gross new stores, bringing the total to 819 stores across 559 cities. Same-Store Sales Growth (SSSG) stood at 10.0%. The MD & CEO highlighted resilient business model, broad-based growth across categories, and operational excellence as key drivers.

Vishal Mega Mart Limited's Board of Directors met on July 23, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved a proposal to cap aggregate foreign ownership at 49.99% of total equity instruments, subject to shareholder approval. Additionally, Ms. Neha Bansal was re-appointed as Non-Executive Independent Director for a second term.

Vishal Mega Mart Ltd has announced that its Board of Directors will convene on July 23, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. Additionally, the company confirmed the continuation of the trading window closure for designated persons and their relatives, which began on July 1, 2026, and will remain closed for up to 48 hours post the financial results announcement.

Vishal Mega Mart Ltd announced the resignation of its Chief Operations Officer and Senior Management Personnel, Mr. Manoj Kumar, due to personal reasons. His last day of employment will be September 11, 2026. The company also referenced the prior appointment of Mr. Shashi Gumma as Chief of Operations, highlighting his extensive experience in the retail sector, including leadership roles at SPAR India, Metro Cash & Carry India, ElasticRun, and More Retail. Mr. Gumma is an alumnus of IIT Kharagpur and IIM Ahmedabad.

Kotak Mahindra Mutual Fund (KMMF) has acquired an additional 0.0327% stake in Vishal Mega Mart Limited through open market transactions. This acquisition brings KMMF's total holding in the company to 5.0104%, crossing the 5% threshold as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total number of shares held by KMMF post-acquisition is 234,305,556. The acquisition was completed on July 01, 2026.

Vishal Mega Mart Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from Wednesday, July 01, 2026, and will reopen 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. During this period, designated persons and their immediate relatives are prohibited from trading in the company's shares. The date for the board meeting to approve these financial results will be communicated separately.