V-Mart Retail Ltd has accepted the resignation of Mr. Vineet Jain from the position of Chief Operating Officer (COO), effective from the close of business hours on July 15, 2026. The company disclosed that Mr. Jain, designated as Senior Management Personnel (SMP), tendered his resignation to pursue a new opportunity.

The resignation was communicated to the stock exchanges via a filing submitted on July 15, 2026. This filing was a continuation of an earlier intimation dated June 10, 2026, when the company first informed the exchanges about Mr. Jain's decision to step down. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Jain confirmed in his resignation letter that the decision to leave was driven by a desire to pursue a role aligned with a broader mandate and future growth aspirations. He stated that there are no other material reasons for his resignation aside from the stated intent to explore new opportunities.

The following table summarizes the key details of the management change:

In his resignation letter addressed to the Managing Director and the Board, Mr. Jain expressed gratitude for the opportunities and support received during his tenure. He committed to ensuring a smooth transition and extending full support during the handover of responsibilities. The filing was signed by Ms. Megha Tandon, Company Secretary & Compliance Officer of V-Mart Retail Ltd.

V-Mart Retail Limited has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1 per equity share. The dividend, recommended by the board for the financial year ended March 31, 2026, is subject to approval by shareholders at the Annual General Meeting (AGM). The payment will be made on or after Tuesday, August 4, 2026.

The company has scheduled its 24th AGM for Thursday, July 30, 2026, at 11:00 A.M. IST via video conferencing. The agenda includes the adoption of audited financial statements for FY26 and the re-appointment of Mr. Lalit Agarwal (DIN: 00900900) as Director, liable to retire by rotation. The board recommends his re-appointment as Executive Director, with remuneration within the limits approved by shareholders.

Key Meeting Details

The register of members and share transfer books will remain closed from Thursday, July 23, 2026, to Thursday, July 30, 2026, for the AGM and voting purposes. M/s National Securities Depository Limited (NSDL) has been engaged to facilitate the e-voting and virtual meeting process. Shareholders may cast votes remotely or during the meeting via the e-voting system.