Vishal Mega Mart Limited

Vishal Mega Mart Ltd announced that India Ratings and Research Private Limited has upgraded the company and its bank loan facilities to ‘IND AA+’ from ‘IND AA’, with a Stable Outlook, while affirming the short-term bank loan facilities at ‘IND A1+’; specifically, the bank loan facilities amounting to Rs 2,550 million received the upgraded long-term rating and affirmed short-term rating, and the issuer rating was also upgraded to ‘IND AA+/Stable’.

Vishal Mega Mart Limited announced the re-appointment of Mr. Gunender Kapur, whose existing term as Managing Director & Chief Executive Officer was due to expire on June 26, 2027, for a period of five years commencing September 01, 2026, up to and including August 31, 2031. The board also redesignated him as ‘Founder, Managing Director & Chief Executive Officer’ of the company, subject to shareholder approval.

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 August 21, 2026. Mr. Kapur was previously appointed Managing Director & Chief Executive Officer for a three-year term beginning June 27, 2024, and his reappointment is subject to shareholder approval.

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

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.

Vishal Mega Mart has allotted 79,33,333 equity shares under ESOP on 03 July 2026. Consequent to the allotment, the paid up equity share capital has increased to Rs. 46,84,30,86,390 consisting of 4,68,43,08,639 equity shares having a face value of Rs. 10/- each.

The board of Vishal Mega Mart has approved the appointment of Anurag Krishna as Vice President & Head - Internal Audit and Senior Management Personnel of the Company, by way of a circular resolution passed on 09 June 2026.

Vishal Mega Mart has allotted 4,75,500 equity shares under ESOP on 01 June 2026. Consequent to the allotment, the paid-up share capital of the Company has accordingly increased from Rs. 46,75,89,98,060 consisting of 4,67,58,99,806 equity shares having a face value of Rs.10/- each to Rs. 46,76,37,53,060 consisting of 4,67,63,75,306 equity shares having a face value of Rs. 10/- each.