Avenue Supermarts Limited's board has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹1,000 crore to raise capital. The decision was taken during a board meeting held on July 11, 2026. The funds will be mobilized through a private placement basis in one or more tranches, providing the company with financial flexibility for its operations.

The approval allows the company to issue debt securities up to the specified limit, adhering to regulatory frameworks. The specific details regarding the coupon rate, tenor, and maturity date of the NCDs were not disclosed in the filing. These parameters are typically determined based on market conditions at the time of issuance.

Key Details of the NCD Issuance

The following table summarises the key parameters of the approved NCD issuance:

Regulatory Compliance

The company stated that necessary details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be submitted. This compliance is in conjunction with the SEBI Master Circular No. HO/49/14/14(7)2025-CFDPD2/I/3762/2026 dated January 30, 2026. The relevant information will be provided to the stock exchanges at the time of issuance and/or allotment of the NCDs.

Meeting Details

The board meeting, which convened to discuss this agenda among other matters, commenced at 1:30 p.m. and concluded at 2:50 p.m. on the same day. The filing was signed by Ashu Gupta, Company Secretary & Compliance Officer of Avenue Supermarts Limited.

Avenue Supermarts Ltd has re-appointed Bhaskaran N as Whole-time Director designated as Chief Operating Officer for a term commencing on October 17, 2026, and concluding on May 31, 2028. The decision, taken by the Board of Directors on July 11, 2026, is subject to the approval of the company's shareholders. This leadership restructuring aims to ensure continuity in the company's retail operations and supply chain management.

The Board also approved the appointment of Lalit Ahuja as Chief Operating Officer, a Senior Management Personnel role, effective July 13, 2026. Concurrently, the company announced a change in the designation of Parvez Vandrewala from Chief Operating Officer to Head - Centre of Excellence, effective November 1, 2026. Vandrewala will continue to serve as a Senior Managerial Personnel of the company following this transition.

Bhaskaran N holds a graduation degree in Commerce from the University of Madras and a post-graduation in Human Resource Management from XLRI-Xavier School of Management. He has over 32 years of experience in corporate secretarial functions, operations, supply chain management, and human resource management. Having joined the company in 2008 as Vice President – HR, he currently manages retail operations and is not related to any other directors of the company.

Lalit Ahuja brings 28 years of extensive experience to the role, having previously worked with prominent organizations such as Philips India, General Mills, Dabur, Godrej Consumer Products, Mars, and Apple. Most recently, he spent over a decade at Zydus Wellness as Senior Vice President (Sales) and Business Head for the Sub-Continent. Ahuja holds a Bachelor of Science degree in Electronics from Delhi University and is an alumnus of IIM Bangalore.

The regulatory disclosures regarding these changes were made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued by BSE and NSE. The company confirmed that Bhaskaran N is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India or other authorities.

Management Changes Summary