Vishal Mega Mart disclosed that its subsidiary, Airplaza Retail Holdings Private Limited, has been penalised ₹2,50,000 by the Court of the Adjudicating Officer and Additional Collector in Jagtial District.

The order, received on August 31, 2026, stems from an inspection conducted on May 26, 2026, at the subsidiary’s store in Metpally. A sample of 'Redgram', a third-party manufactured product, was found non-compliant with relevant provisions of the Food Safety and Standards Act, 2006.

Regulatory Action Details

The Food Safety Officer filed a complaint alleging violations of the 2006 Act. Consequently, the adjudicating authority imposed the penalty on the store manager and the subsidiary. The listed entity notified the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact Assessment

Vishal Mega Mart stated that the financial impact is restricted to the penalty amount imposed. The company asserted there is no material impact on its operations or other activities. Since the product involved was manufactured by a third party, the company indicated it will recover the penalty amount from the concerned manufacturer.

The subsidiary is currently reviewing the order and evaluating next steps. No further operational disruptions were reported in the disclosure.

Vishal Mega Mart Limited has scheduled its eighth annual general meeting for September 18, 2026. The meeting will be held at 12:00 noon through video conferencing or other audio-visual means.

The company announced the date under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued on August 24, 2026.

Agenda Items

Shareholders will transact ordinary and special business during the meeting. The key items include:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
• Re-appointment of Mr. Sanjeev Aga as a non-executive non-independent director upon retirement by rotation.
• Approval for the continuation of Mr. Aga’s directorship despite attaining the age of 75 years on February 1, 2027.
• Re-appointment of Ms. Neha Bansal as a non-executive independent director.

Governance Details

The Board of Directors recommended the continuation of Mr. Aga’s tenure based on the Nomination and Remuneration Committee’s advice. This aligns with Regulation 17(1A) of the SEBI Listing Regulations.

Ms. Bansal’s re-appointment follows her declaration of independence under Section 149(6) of the Companies Act, 2013. She currently holds office until September 22, 2026.

E-Voting Information

The company has provided electronic voting facility through National Securities Depository Limited (NSDL). Members holding shares as on the cut-off date will be eligible to vote.

Members who have cast their vote via remote e-voting prior to the AGM shall not be entitled to cast their vote again during the meeting. However, they remain eligible to participate in the AGM through video conferencing.

Accessing Documents

The notice and the annual report for FY26, including the Business Responsibility & Sustainability Report, are available on the company website. Newspaper advertisements regarding the AGM notice and e-voting information were published in Financial Express and Jansatta.