Avenue Supermarts Limited has invested ₹149.99 crore in its subsidiary, Avenue E-Commerce Limited (AEL), to bolster the latter's operational and capital requirements. The investment was made on June 8, 2026, through the subscription of 4,32,90,000 equity shares at an issue price of ₹34.65 per share, including a premium of ₹24.65 per share. This strategic infusion of funds aims to support AEL's working capital and capital expenditure needs, ensuring sustained growth in its business operations.

The transaction was executed at arm's length and classified as a related party transaction. While the promoter group does not hold a direct interest in AEL, Manjri Chandak, a Director of avenue supermarts dmart and a member of the promoter group, serves as a Director on the board of AEL. The investment was completed entirely through cash consideration, with no governmental or regulatory approvals required for the acquisition.

Investment and Shareholding Details

The subscription has marginally increased Avenue Supermarts Limited's stake in AEL. Prior to the transaction, the parent company held 99.77% of the subsidiary, which has now risen to 99.79%. The total cost of acquisition for the 4.32 crore shares amounted to ₹1,49,99,98,500.

Financial Performance of AEL

Avenue E-Commerce Limited, incorporated on November 11, 2014, operates in the retail industry under the brand name 'DMart Ready'. The subsidiary focuses on online and multi-channel grocery retail. AEL has demonstrated consistent growth in turnover over the past three financial years.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular.

Avenue Supermarts Limited has announced the appointment of Ms. Nisha Pikle as Vice President - Apparels, classified as a Senior Management Personnel, effective 18th May 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee, and has been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Key Appointment Details

The following table summarises the key details of the appointment as disclosed by the company:

Profile of Ms. Nisha Pikle

Ms. Nisha Pikle holds a Bachelor's degree in Textiles & Clothing from Mumbai University and a Postgraduate degree in Textile Design from SNDT University. Over a career spanning 28 years, she has accumulated extensive experience in the retail and apparel industry.

Her professional background includes associations with prominent retail and fashion brands:

• Westside
• Pantaloons
• Vero Moda
• Nykaa Fashion Ltd. — where she served as Business Head - Private Brands in her most recent assignment

Regulatory Disclosure

The disclosure was made by Avenue Supermarts in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026. The communication was signed by Ashu Gupta, Company Secretary & Compliance Officer, on 15th May 2026.