Vijay Shankar Chandak, a member of the Promoter group, has requested the reclassification of his shareholding from the 'Promoter Group' to the 'Public' category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The request was submitted to Avenue Supermarts Dmart on June 22, 2026, and is subject to approval by the Board of Directors, stock exchanges, and other regulatory authorities.

Chandak currently holds 7,100 equity shares of ₹10 each, representing 0.001% of the total equity share capital. These shares were transmitted to him during the quarter ended September 30, 2025, following the demise of his spouse, Mrs. Chanda Chandak, who was a member of the Promoter group. Consequently, he was classified as a 'Promoter Group' member in the shareholding pattern for the quarters ending September 30, 2025, December 31, 2025, and March 31, 2026.

In his request, Chandak stated that he does not exercise any control over the company, nor is he involved in its management. He confirmed that he holds no special rights through formal or informal arrangements. He certified that he, along with related persons, meets the conditions for reclassification, including not holding more than 10% of total voting rights and not being represented on the Board of Directors.

Key Declarations by Vijay Shankar Chandak

Chandak provided several certifications to support his reclassification request:

• He and related persons do not hold more than 10% of total voting rights.
• They do not exercise control over the company's affairs, directly or indirectly.
• There are no special rights through shareholder agreements or other arrangements.
• No representation exists on the Board of Directors, including nominee directors.
• He does not act as a key managerial person.
• He is not a wilful defaulter per RBI guidelines or a fugitive economic offender.
• There is no pending regulatory action against him.

The reclassification is contingent upon compliance with Regulation 31A(3) of the SEBI Listing Regulations. Chandak agreed to comply with specific conditions indefinitely and others for a minimum period of three years from the date of reclassification. Failure to maintain these conditions would result in his reclassification back to the promoter group.

Avenue Supermarts Limited expanded its retail footprint by opening a new store at Gift City in Gandhinagar, Gujarat, on June 21, 2026. This expansion brings the company's total number of operational stores to 501 as of the said date.

The company submitted the necessary intimation to BSE Limited and The National Stock Exchange of India Ltd regarding the store opening. The filing confirmed the location of the new outlet and the updated store count.

Store Expansion Details

The following table outlines the key details of the recent expansion:

Avenue Supermarts continues to grow its network across the country. The new store in Gujarat represents the latest addition to the company's retail portfolio.