Avenue Supermarts Limited has formally disclosed its list of Key Managerial Personnel (KMP) authorized to determine materiality of events and make disclosures to stock exchanges. The disclosure was made on March 14th, 2026, in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates companies to identify specific personnel who are authorized to assess the materiality of corporate events and communicate with stock exchanges on behalf of the organization.

Authorized Key Managerial Personnel

The company has designated three Key Managerial Personnel who will be authorized to handle material event determinations and stock exchange communications effective from April 1st, 2026:

Contact Information and Communication Protocol

The company has provided comprehensive contact details for investor and regulatory communications. All correspondence should be directed to Avenue Supermarts Limited at B-72/72A, Wagle Industrial Estate, Road No. 33, Kamgar Hospital Road, Thane - 400 604. The designated email for investor relations is investorrelations@dmartindia.com , with telephone numbers 22-3340 0500 and 22-7123 0500 available for direct communication.

Implementation Timeline

The authorization for these Key Managerial Personnel will become effective from April 1st, 2026. This timing aligns with the beginning of the new financial year, ensuring seamless transition in corporate governance and regulatory compliance processes. The disclosure was digitally signed by Company Secretary & Compliance Officer Ashu Gupta on March 14th, 2026, at 18:29:27 +05'30', confirming the authenticity of the submission to both BSE Limited and The National Stock Exchange of India Ltd.

Avenue Supermarts Limited has announced a significant leadership transition with the appointment of Ms. Kalpana Unadkat as the new Chairperson of the Company. The Board of Directors approved this appointment during their meeting held on 14th March, 2026, with the change taking effect from 1st April, 2026.

Leadership Transition Details

The appointment comes as part of a planned succession, with current Chairman Mr. Chandrashekhar Bhave completing his second term as an Independent Director on 16th May, 2026. The transition timeline has been structured as follows:

New Chairperson Profile

Ms. Kalpana Unadkat brings extensive expertise to her new role, with over twenty-five years of experience in corporate law, governance, and cross-border M&A transactions. Her professional background includes:

• Legal Qualifications: Dual-qualified solicitor in India and the United Kingdom
• Previous Roles: Senior Partner at Khaitan & Co and Co-Head (India Practice) at Ashurst, an international law firm based in London
• Specialization: Advising global corporations on cross-border M&A and strategic joint ventures

Governance Expertise and Leadership Approach

Ms. Unadkat is recognized as an authority on corporate governance and board leadership. Her expertise encompasses regulatory frameworks, board effectiveness, and long-term strategic guidance. She has demonstrated a collaborative leadership approach that encourages open dialogue, balanced deliberation, and strong board engagement.

Her ability to synthesize complex regulatory, commercial and governance considerations has been particularly valuable in supporting board oversight responsibilities and strengthening decision-making processes. Beyond her professional advisory work, Ms. Unadkat has contributed significantly to advancing governance leadership in India, having mentored and influenced more than 200 directors and senior leaders.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Ms. Kalpana Unadkat is not related to any of the Directors of the Company, ensuring independence in her role as Chairperson.

This leadership transition represents a continuation of Avenue Supermarts' commitment to strong corporate governance and experienced board leadership as the company moves forward with its strategic objectives.