Vishal Mega Mart has appointed Mr. Sashi Gumma as its Chief of Operations and Senior Management Personnel, effective June 15, 2026. The appointment was approved by the Board of Directors via a circular resolution based on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to bolster the company's operational leadership with a seasoned professional.

Mr. Sashi Gumma brings over two decades of experience to the role, having worked across food & grocery retail, B2B distribution, and large-format retail operations. He is an alumnus of IIT Kharagpur and IIM Ahmedabad. Most recently, he served as the Chief Executive Officer and Managing Director of SPAR India.

Prior to his tenure at SPAR India, Mr. Gumma held several key leadership positions. He served as the COO at Metro Cash & Carry India, Chief Business Officer at ElasticRun, and CEO of More Retail. His expertise lies in retail operations, business transformation, and driving sustainable growth.

The disclosure regarding this appointment was made to the National Stock Exchange of India Ltd. and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been hosted on the company's website.

Key Details of Appointment

Vishal Mega Mart has granted 9,75,000 stock options to eligible employees under the Vishal Mega Mart Employees Stock Options Plan 2019. The Nomination and Remuneration Committee of the Board of Directors approved the grant on June 15, 2026, through circulation. The exercise price for these options is set at Rs. 119 per option.

The grant is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of Rs. 10. Consequently, the total number of equity shares covered by these options stands at 9,75,000.

The exercise period for the vested options is 10 years from the date of grant, unless the Board or the Committee decides otherwise. The company stated that the disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of ESOP Grant

The intimation regarding this grant has been submitted to the National Stock Exchange of India Ltd. and BSE Limited. The information will also be hosted on the company's website.