V Mart Retail has disclosed the completion of significant transactions within its promoter group structure. Following the earlier completion of Madan Gopal Agarwal's CCD acquisition, Lalit Agarwal has now acquired an additional 1,97,33,161 Compulsory Convertible Debentures (CCDs) in Conquest Business Service Pvt. Ltd., the promoter company of V-Mart, as per the regulatory filing dated December 11, 2025.

Latest CCD Acquisition by Lalit Agarwal

The recent transfer was completed on December 10, 2025, through a gift transaction without consideration via off-market transfer. This acquisition represents the same CCDs that were previously transferred from Madan Gopal Agarwal HUF to Madan Gopal Agarwal individually, now being transferred to Lalit Agarwal to consolidate the promoter group holdings.

Regulatory Compliance and Filing Details

Both acquisitions have been disclosed under appropriate SEBI regulations. The latest transaction by Lalit Agarwal has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction qualifies as an inter-se transfer among qualifying persons as specified in Regulation 10(1)(a)(i) of Takeover Regulations, exempting it from open offer requirements.

Consolidated CCD Shareholding Structure

Following the completion of both transactions, the CCD holdings in Conquest Business Service Pvt. Ltd. have been significantly restructured. The updated shareholding pattern shows Lalit Agarwal's substantial increase in holding to 71.00% from the previous 57.09%, while Madan Gopal Agarwal no longer holds any CCDs after transferring his stake to Lalit Agarwal.

Impact on V-Mart Retail Structure

The CCD transfers represent a consolidation within the promoter group of Conquest Business Service Pvt. Ltd., which holds a substantial 37.74% equity stake (2,99,62,692 shares) in V-Mart Retail. The equity shareholding structure of Conquest Business Service remains unchanged, with Lalit Agarwal maintaining 71.00% (70,998 shares) and Sangeeta Lalit Agarwal holding 29.00% (29,002 shares) of the total 1,00,000 equity shares.

The completion of this comprehensive promoter group restructuring represents an important milestone in consolidating control within the Agarwal family, providing enhanced clarity on the indirect shareholding structure of V-Mart Retail through its promoter company. V-Mart's total equity share capital remains unchanged at 7,94,39,025 shares post-transaction.

V Mart Retail Limited, a prominent player in the Indian retail sector, has announced a significant change in its senior management structure. Mr. Ramesh Kumar Agarwal, who held the position of Vice President of Supply Chain Management and was designated as a Senior Management Personnel (SMP), has superannuated from the company.

Key Details of the Superannuation

Regulatory Compliance

V-Mart Retail Limited has adhered to regulatory requirements by making this announcement in accordance with Regulation 30 of the SEBI Listing Regulations. The company filed an intimation with the stock exchanges, providing details of the change in senior management.

Impact on Company Structure

The superannuation of Mr. Agarwal represents a change in the company's senior management composition. As the Vice President of Supply Chain Management, his role was crucial in overseeing the company's supply chain operations, a vital aspect of the retail business.

Company's Disclosure

V-Mart Retail Limited has ensured transparency by making this information available on the company's official website ( www.vmart.co.in ). This move aligns with best practices in corporate governance and keeps shareholders and stakeholders informed about significant changes within the organization.

The company has not announced any immediate replacement for the position. As the retail sector continues to evolve, especially in supply chain management, the company's strategy for this key role will be of interest to investors and industry observers alike.

This development marks the conclusion of Mr. Agarwal's tenure with V-Mart Retail Limited.