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.

Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart , has been fined Rs 1,00,000 by the Court of Additional District Magistrate, Rajnandgaon, Chhattisgarh. The penalty was imposed on June 11, 2026, following a complaint filed by a Food Safety Officer alleging a violation of the Food Safety and Standards Act, 2006. The financial impact is limited to the penalty amount, with no material effect on the operations or other activities of the listed entity.

The regulatory disclosure was submitted to the exchanges on June 12, 2026, by Rahul Luthra, Company Secretary & Compliance Officer. The order stems from an inspection conducted on November 26, 2025, at the subsidiary's store in Rajnandgaon, during which concerns were raised regarding the expiry date of a product.

Details of the Violation

The Food Safety Officer filed a complaint before the Additional District Magistrate following the inspection. The court subsequently imposed a monetary penalty of Rs 1,00,000 on Airplaza Retail Holdings Private Limited. The subsidiary is currently reviewing the order and evaluating future steps.

Operational Impact

Vishal Mega Mart clarified that the financial impact of the order is restricted to the penalty amount. The company confirmed that there is no material impact on its operations or other activities due to the said order. The subsidiary continues to assess the situation to determine the appropriate course of action.