Vishal Mega Mart Allots 1,10,000 Equity Shares Under Employee Stock Option Plan 2019

1 min read     Updated on 03 Apr 2026, 11:56 AM
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AI Summary

Vishal Mega Mart Limited allotted 1,10,000 equity shares on April 03, 2026, following stock option exercises under its ESOP Plan 2019 at Rs. 35 per option. The allotment increased paid-up capital to Rs. 46,73,22,78,060 and generated Rs. 38,50,000 in proceeds. The newly issued shares rank pari passu with existing equity shares and carry full dividend rights.

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Vishal Mega Mart Limited has successfully completed the allotment of 1,10,000 equity shares following the exercise of stock options under its Employee Stock Options Plan 2019. The Securities Allotment Committee of the Board of Directors approved this allotment on April 03, 2026, marking a significant milestone in the company's employee benefit program.

Stock Option Exercise Details

The allotment follows the exercise of 1,10,000 stock options by eligible employees after completion of the vesting period under the Vishal Mega Mart Employees Stock Options Plan 2019. The exercise was conducted at a predetermined price, generating substantial proceeds for the company.

Parameter: Details
Stock Options Exercised: 1,10,000
Exercise Price per Option: Rs. 35
Face Value per Share: Rs. 10
Total Money Realized: Rs. 38,50,000
Premium per Share: Rs. 25

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure. The total number of equity shares outstanding has grown from 4,67,31,17,806 to 4,67,32,27,806 shares, each carrying a face value of Rs. 10.

Metric: Before Allotment After Allotment
Total Equity Shares: 4,67,31,17,806 4,67,32,27,806
Paid-up Share Capital: Rs. 46,73,11,78,060 Rs. 46,73,22,78,060

Regulatory Compliance and Share Rights

The company has fulfilled all regulatory requirements under SEBI regulations, including disclosures pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was completed with both NSE and BSE, with reference numbers NSE/LIST/46052 and DCS/IPO/AK/ESOP-IP/3479/2024-25 respectively.

The newly allotted equity shares rank pari passu with existing equity shares in all respects, including dividend entitlement. The shares have been assigned distinctive numbers from 4673117807 to 4673227806 and carry the ISIN number INE01EA01019.

ESOP Plan Framework

Under the Vishal Mega Mart Employees Stock Options Plan 2019, each stock option converts into one fully paid-up equity share upon exercise. The plan provides employees with an exercise period of 10 years from the date of grant, offering flexibility in timing their option exercise based on market conditions and personal financial planning.

The company secretary Rahul Luthra, with ICSI Membership No: F9588, has confirmed that all procedural requirements have been met and the necessary documentation has been filed with the stock exchanges and regulatory authorities.

Historical Stock Returns for Vishal Mega Mart

1 Day5 Days1 Month6 Months1 Year5 Years
+2.64%+0.06%-8.41%-27.48%+4.00%-3.62%

How will the significant discount between the exercise price (Rs. 35) and current market value impact employee retention and future ESOP participation rates?

What percentage of the total ESOP pool has now been exercised, and how many more tranches are expected to vest in the coming quarters?

Will the Rs. 38.5 lakh proceeds from this exercise influence Vishal Mega Mart's capital allocation strategy or expansion plans?

Vishal Mega Mart Appoints Tapan Kulshrestha as Vice President & Head – Supply Chain

1 min read     Updated on 02 Apr 2026, 08:05 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Vishal Mega Mart Limited has appointed Mr. Tapan Kulshrestha as Vice President & Head – Supply Chain, effective April 01, 2026, following Board approval through a circular resolution. He replaces Mr. S. Raamesh, who left the company on January 09, 2026. Mr. Kulshrestha brings over 24 years of experience in supply chain management and digital transformation, having previously worked with Trent Hypermarket and Future Retail Ltd. His expertise includes procurement, distribution, warehouse operations, and technology-driven supply chain transformation.

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Vishal mega mart Limited has announced a key leadership appointment in its supply chain operations, naming Mr. Tapan Kulshrestha as Vice President & Head – Supply Chain and Senior Management Personnel. The appointment, effective April 01, 2026, was approved by the Board of Directors through a circular resolution based on the recommendation of the Nomination and Remuneration Committee.

Leadership Transition Details

The appointment comes as part of a leadership transition in the company's supply chain division. Mr. Kulshrestha takes over the role from Mr. S. Raamesh, the erstwhile Supply Chain Head and Senior Management Personnel, who ceased to be associated with the company on January 09, 2026.

Parameter: Details
Position: Vice President & Head – Supply Chain
Effective Date: April 01, 2026
Approval Method: Board circular resolution
Previous Incumbent: Mr. S. Raamesh
Cessation Date: January 09, 2026

Professional Background and Expertise

Mr. Tapan Kulshrestha brings extensive experience to his new role, with over 24 years of professional experience across the retail and IT sectors. His expertise spans comprehensive supply chain management, including procurement, distribution, warehouse operations, and digital supply chain transformation.

Prior to joining Vishal Mega Mart, Mr. Kulshrestha served as Head of Supply Chain (PAN India) at Trent Hypermarket Pvt. Ltd. He also had a significant tenure with Future Retail Ltd., where he held multiple responsibilities as Senior Manager and Supply Chain Head for Convenience Stores, specifically overseeing Easy Day and Heritage operations. During his time at Future Retail, he also managed the Big Bazaar grocery supply chain operations.

Key Competencies and Qualifications

Mr. Kulshrestha is recognized for his strong capabilities in several critical areas of supply chain management:

  • Supply chain network expansion and optimization
  • Process improvement and operational efficiency
  • Technology-driven transformation initiatives
  • Proficiency in SAP and other enterprise systems
  • End-to-end supply chain oversight

His educational background includes a Bachelor's degree in Science (Mathematics) and a Master's degree in Computer Applications, providing him with both analytical and technical expertise relevant to modern supply chain operations.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements under the listing regulations and has committed to hosting the relevant information on its official website at aboutvishal.com.

Historical Stock Returns for Vishal Mega Mart

1 Day5 Days1 Month6 Months1 Year5 Years
+2.64%+0.06%-8.41%-27.48%+4.00%-3.62%

How will the 3-month gap between the previous head's departure and the new appointment impact Vishal Mega Mart's supply chain operations and expansion plans?

What specific digital transformation initiatives might Mr. Kulshrestha implement given his IT background and experience with SAP systems?

Could this leadership change signal Vishal Mega Mart's preparation for aggressive retail expansion or entry into new market segments?

More News on Vishal Mega Mart

1 Year Returns:+4.00%