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 has allotted commercial paper worth Rs 300 crores to raise short-term funds. The issuance carries a coupon rate of 7.18% and is unsecured, according to a regulatory filing submitted on June 9, 2026. The debt instrument has been assigned a credit rating of ICRA A1+.

The commercial paper has a tenure of 90 days, with the date of allotment recorded as June 9, 2026. The instrument is set to mature on September 7, 2026, at which point the principal and accrued interest will be repaid. The company intends to list the securities on BSE Limited.

The filing, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirmed that no special rights or privileges are attached to the instrument. Additionally, there are no reported delays in payments or defaults regarding interest or principal amounts. Ashu Gupta, Company Secretary & Compliance Officer, signed the disclosure.

Key Details of the Issuance