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Vishal Mega Mart Limited announced the re-appointment of Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for a period of five years, commencing September 1, 2026, and ending August 31, 2031, following a board meeting held on August 21, 2026. Mr. Kapur was previously appointed Managing Director & Chief Executive Officer for a three-year term expiring June 26, 2027, and holds a bachelor’s degree from the Birla Institute of Technology and Science and a master’s degree from the University of Delhi.

Vishal Mega Mart Limited announced that 5,00,000 stock options were exercised by an eligible employee of its subsidiary under the Vishal Mega Mart Employees Stock Options Plan 2019, resulting in the allotment of 5,00,000 equity shares with a face value of Rs 10 each at an exercise price of Rs 35 per option. Consequently, the company`s paid-up share capital increased to Rs 46,84,80,86,390, comprising 4,68,48,08,639 equity shares, and Rs 1,75,00,000 was realized from the exercise of the options.

Net profit of Vishal Mega Mart rose 25.57% to Rs 258.77 crore in the quarter ended June 2026 as against Rs 206.07 crore during the previous quarter ended June 2025. Sales rose 18.68% to Rs 3727.01 crore in the quarter ended June 2026 as against Rs 3140.32 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales3727.013140.32 19 OPM %14.6114.62 - PBDT531.44435.04 22 PBT345.96275.96 25 NP258.77206.07 26 Powered by Capital Market - Live News

The board of Vishal Mega Mart at its meeting held on 23 July 2026 has approved a proposal for capping the aggregate foreign ownership of the Company (through the depositories) at 49.99% of the total equity instruments (on a fully diluted basis) issued by the Company, which may be held by any person resident outside India.

Vishal Mega Mart will hold a meeting of the Board of Directors of the Company on 23 July 2026.