Vishal Mega Mart has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Thursday, May 14, 2026, in compliance with Regulation 29 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The meeting has been convened, inter-alia, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The intimation was filed on May 08, 2026, and signed by Rahul Luthra, Company Secretary & Compliance Officer (ICSI Membership No: F9588).

Board Meeting Details

The following key details have been disclosed in the regulatory filing:

Trading Window Closure

In continuation of its earlier communication dated March 24, 2026, Vishal Mega Mart has reiterated that the trading window for dealing in the shares of the company remains closed for Designated Persons and their immediate relatives with effect from April 01, 2026. The closure is in accordance with the company's Code of Conduct framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window shall remain closed for up to 48 hours after the announcement or declaration of the financial results.

The filing was addressed to both the National Stock Exchange of India Ltd. and BSE Limited, and the company has requested the exchanges to take the intimation on record.

Vishal Mega Mart Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that its subsidiary Airplaza Retail Holdings Private Limited has received a penalty order from the Court of Additional District Magistrate, Rampur. The order, received on May 05, 2026, pertains to a food safety inspection carried out at the subsidiary's Rampur store and imposes a total penalty of Rs. 2,00,000 (Rupees Two Lakh Only).

Background of the Violation

The matter originated on April 03, 2025, when a Food Safety Officer conducted an inspection at the Rampur store operated by Airplaza Retail Holdings Private Limited. During the inspection, a sample of 'Turmeric Powder' was collected for analysis. Upon testing, the sample was found to be not in conformity with the relevant provisions of applicable laws. Following the findings, the Food Safety Officer filed a complaint before the Court of Additional District Magistrate, Rampur, alleging violations of the provisions of the Food Safety and Standards Act, 2006.

Penalty Details

The court subsequently imposed penalties on both the Store Manager and the subsidiary. The following table summarises the penalty breakdown as disclosed by the company:

Impact on Operations and Financial Position

Vishal Mega Mart stated that the financial impact of the order is limited to the extent of the penalty imposed. The company clarified that there is no material impact on the operations or other activities of the company due to the said order. Since the product involved is a third-party manufactured item, the company has indicated that the penalty amount will be recovered from the concerned manufacturer. Airplaza Retail Holdings Private Limited is reviewing the order and evaluating its next steps.

The disclosure was made by Rahul Luthra, Company Secretary and Compliance Officer of Vishal Mega Mart Limited, on May 06, 2026, pursuant to Regulation 30 read with Sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.