Avenue Supermarts Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026 to the Bombay Stock Exchange and National Stock Exchange on July 23, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s performance across environmental, social, and governance parameters. Grant Thornton Bharat LLP provided independent reasonable assurance on the identified sustainability information, confirming that the data was prepared in all material respects in accordance with the specified criteria.

The report covers standalone operations of Avenue Supermarts Limited, excluding subsidiaries, across 500 stores, 90 offices, and distribution centers in India. Key financial metrics disclosed include a turnover of ₹66,968 crore and a net worth of ₹25,520 crore. The company’s paid-up capital stands at ₹651.96 crore. CSR provisions under Section 135 of the Companies Act, 2013 remain applicable.

Environmental Performance

Avenue Supermarts reported significant progress in renewable energy adoption and waste management during FY26. The company commissioned 54 new solar plants, bringing its total installed capacity to 54.5 MW across 308 locations. Solar energy now meets 24.5% of the total energy requirement at these premises, up from 23.4% in the previous year. This initiative avoided approximately 41,268 metric tonnes of CO2 equivalent emissions.

Total energy consumption stood at 1,434,297 Giga Joules, with energy intensity decreasing to 21.4 GJ per rupee of turnover from 22.2 in FY25. Scope 1 and Scope 2 greenhouse gas emissions totaled 2,34,713 metric tonnes of CO2 equivalent, resulting in an emission intensity of 3.5 MT CO2 per crore rupee of turnover, down from 3.8 in the prior year.

Waste management efforts resulted in 94,057 metric tonnes of waste being recycled or recovered through authorized channels, accounting for nearly 99% of the total 95,427 metric tonnes generated. The company installed hydraulic baling machines at 499 locations to optimize plastic waste compaction and reduce transportation emissions.

Social and Governance Highlights

The company employed 96,571 individuals as of March 31, 2026, comprising 20,994 permanent and 75,577 other-than-permanent employees. Women constituted 41.0% of the total workforce. Training coverage exceeded 100% for both health and safety (145%) and skill upgradation (129%), driven by high attrition among storefront staff requiring retraining.

Safety metrics showed a Lost Time Injury Frequency Rate (LTIFR) of 0.58 per million person-hours worked, compared to 0.49 in FY25. There were no fatalities or high-consequence injuries reported. The company maintained 100% coverage for health and accident insurance for all permanent employees.

Governance structures include a Business Responsibility Head overseeing policy implementation, with annual reviews by senior management. The Board of Directors includes 38% female representation. No material fines or penalties were paid to regulators during the year, although minor compliance issues related to air quality management at construction sites were addressed with subsequent corrective actions.

What the Numbers Show

The reduction in energy intensity from 22.2 to 21.4 GJ per rupee of turnover, despite a rise in total energy consumption, indicates improved operational efficiency relative to revenue growth. The substantial increase in solar capacity (from 41.2 MW to 54.5 MW) directly contributed to lowering the carbon footprint, evidenced by the drop in GHG intensity from 3.8 to 3.5 MT CO2 per crore rupee of turnover. Furthermore, the near-total recycling rate of waste underscores the effectiveness of the company’s circular economy initiatives in its retail operations.

Avenue Supermarts Ltd has submitted applications to BSE Limited and National Stock Exchange of India Limited seeking approval for the reclassification of Vijay Shankar Chandak from the Promoter Group to the Public category. The applications were filed on July 16, 2026, in compliance with Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move follows a request from Mr. Chandak to change the status of his shareholding.

The Board of Directors of Avenue Supermarts Ltd approved the reclassification request on July 11, 2026. The approval was granted in accordance with the provisions of Regulation 31A of the SEBI Listing Regulations. The company had initially intimated the exchanges about the receipt of Mr. Chandak's request on June 22, 2026.

Regulatory Compliance

The reclassification process is governed by Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission of applications to both stock exchanges marks the formal step towards obtaining the necessary regulatory approvals for the change in shareholding category.

The table below outlines the key dates related to the reclassification process:

Vijay Shankar Chandak is currently classified as a Member of the Promoter Group. Upon approval by the exchanges, his status will change to a Public category shareholder. The company has requested the exchanges to take the submission on record.