Vishal Mega Mart has received a significant boost in institutional investment as HDFC Mutual Fund disclosed a substantial increase in its shareholding under regulatory requirements. The development represents one of the most notable institutional investment moves in the retail sector.

Major Shareholding Increase

HDFC Mutual Fund has increased its stake in Vishal Mega Mart from 5.94% to 8.81%, representing a significant acquisition of 2.90% additional shareholding. The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Investment Details

The acquisition involved 13.56 crore shares purchased through open market transactions. HDFC Mutual Fund's total holding now stands at 41.16 crore shares out of Vishal Mega Mart's paid-up equity share capital of ₹4,673.00 crore, comprising 46.73 crore equity shares of ₹10 each.

Participating HDFC Schemes

The investment was made across multiple HDFC Mutual Fund schemes, including:

• HDFC Flexi Cap Fund
• HDFC Multi Cap Fund
• HDFC Large and Mid Cap Fund
• HDFC Small Cap Fund
• HDFC BSE 500 ETF and Index Fund
• HDFC NIFTY MIDCAP 150 ETF and Index Fund
• HDFC Balanced Advantage Fund
• HDFC Non Cyclical Consumer Fund

Market Significance

This substantial increase in shareholding demonstrates strong institutional confidence in Vishal Mega Mart's business fundamentals and growth prospects. The systematic acquisition across multiple HDFC schemes indicates a strategic investment approach rather than opportunistic buying. The open market acquisition method suggests sustained institutional demand for the company's shares over the investment period from June 2025 to February 2026.

Vishal Mega Mart Limited has strengthened its senior management team with the appointment of Mr. Vineet Saksena as Senior Vice President - FMCG and Senior Management Personnel, effective March 03, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee through circulation.

Appointment Details

The company informed the stock exchanges about this key management appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment reflects the company's strategic focus on strengthening its FMCG operations under experienced leadership.

Professional Background

Mr. Vineet Saksena brings over two decades of deep operating and strategic experience across retail, FMCG, and consumer goods sectors. Most recently, he served as Chief Growth Officer at Metro Wholesale, where he was responsible for driving business expansion and strategic initiatives.

His extensive career includes associations with several leading organizations:

• Metro Wholesale - Chief Growth Officer
• Reliance Retail Limited
• 7-Eleven Convenience Retail
• Metro Cash & Carry
• Walmart India
• Hindustan Unilever Limited
• Singer India Private Limited

Educational Qualifications

Mr. Saksena's educational credentials demonstrate a strong foundation in both technical and management disciplines:

Strategic Significance

The appointment of Mr. Saksena as Senior Vice President - FMCG positions Vishal Mega Mart Limited to leverage his extensive experience in retail and consumer goods sectors. His background with major retail chains and FMCG companies provides valuable expertise for the company's FMCG operations and growth strategies.

The company has ensured full regulatory compliance by informing both NSE and BSE about this appointment and will host the information on its official website at aboutvishal.com. Company Secretary & Compliance Officer Rahul Luthra signed the regulatory filing, confirming adherence to all applicable SEBI listing regulations.