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.

Vishal Mega Mart Limited has informed stock exchanges about a significant tax demand received by its subsidiary company from income tax authorities. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 31, 2026.

Tax Authority Order Details

Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart, received an order from the Office of the Assistant Commissioner of Income Tax, TDS Circle 1(1) Chennai on March 30, 2026. The order was passed under Section 201 & 201(1A) of the Income Tax Act, 1961, relating to alleged violations in Tax Deducted at Source (TDS) compliance.

Financial Impact and Demand Breakdown

The income tax order has resulted in a total demand of ₹3,28,86,743 against the subsidiary company. This amount comprises two components - the principal tax demand and interest charges for the alleged non-compliance.

Nature of Alleged Violations

The order pertains to alleged non-deduction of TDS and non-payment of interest on TDS for Financial Year 2019-20. The income tax authorities have contended that Airplaza Retail Holdings Private Limited failed to comply with TDS provisions, resulting in the demand for both the principal amount and interest charges.

Company Response and Next Steps

Vishal Mega Mart has stated that the subsidiary company is currently reviewing the order and evaluating next steps. The company has indicated that there is no further material impact on financial, operations or other activities due to this order.

The disclosure was signed by Rahul Luthra, Company Secretary & Compliance Officer, and communicated to both NSE and BSE as per regulatory requirements under SEBI listing regulations.