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.

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.

Vishal Mega Mart Limited has announced the grant of 5,00,000 stock options to an eligible employee under its Employee Stock Options Plan 2019. The Nomination and Remuneration Committee of the Board of Directors approved this grant on April 01, 2026 through circulation.

Stock Option Grant Details

The company granted the stock options at an exercise price of Rs. 105 per option under the Vishal Mega Mart Employees Stock Options Plan 2019. This announcement was made in compliance with Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Terms and Conditions

Each stock option is convertible into one fully paid-up equity share having a face value of Rs. 10 each. The total number of equity shares covered by these stock options is 5,00,000. The exercise period for these options extends to 10 years from the date of grant, unless the Board or Committee decides otherwise.

Regulatory Compliance

The Employee Stock Options Plan 2019 is structured in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled all disclosure requirements under the applicable SEBI regulations for this stock option grant.

Corporate Information

Vishal Mega Mart Limited, formerly known as Vishal Mega Mart Private Limited, operates from its corporate and registered office located at 5th Floor, Platinum Tower, Plot No. 184, Udyog Vihar, Phase-1, Gurugram, Haryana. The company secretary Rahul Luthra signed the regulatory filing, confirming the committee's approval of the stock option grant.