Avenue Supermarts Limited has announced the opening of a new DMart store in Pali, Rajasthan, marking another milestone in the company's retail expansion journey. The store commenced operations on January 22, 2026, bringing the total number of DMart stores across India to 444.

Store Expansion Details

The company formally communicated this development to both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) through an official intimation letter. The communication was signed by Ashu Gupta, Company Secretary and Compliance Officer of Avenue Supermarts Limited.

Corporate Communication

The store opening intimation was sent to the stock exchanges as part of the company's regulatory compliance requirements. Avenue Supermarts Limited, headquartered at Wagle Industrial Estate in Thane, Maharashtra, maintains transparency with stakeholders through regular updates on business developments.

Market Presence

With the addition of the Pali store, Avenue Supermarts continues to strengthen its presence across Indian markets. The company operates under the DMart brand, focusing on retail operations in various cities and towns across the country. This latest opening in Rajasthan demonstrates the company's commitment to expanding its footprint in tier-2 and tier-3 cities.

The formal communication to exchanges ensures that investors and stakeholders remain informed about the company's growth initiatives and operational developments across its retail network.

Avenue Supermarts Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Anshul Asawa as Managing Director and Chief Executive Officer. The company announced the e-voting process will commence on January 22, 2026, and conclude on February 20, 2026, with voting results expected by February 24, 2026.

Appointment Details and Timeline

The proposed appointment covers a three-year term from April 1, 2026, to March 31, 2029. Asawa will serve as Managing Director designated as Chief Executive Officer, not liable to retire by rotation. The appointment follows his current role as CEO Designate, which he assumed on March 15, 2025, as part of the leadership transition plan.

Executive Profile and Experience

Anshul Asawa brings extensive corporate leadership experience to Avenue Supermarts. The 54-year-old executive is an alumnus of IIT Roorkee and IIM Lucknow, with a distinguished 30-year career at Unilever spanning India, Asia, and Europe. His international experience includes serving as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia.

During his 19-year tenure in India, Asawa held key leadership positions across sales, marketing, and distribution functions. He spearheaded digitization efforts at HUL and led product innovations for homecare categories, along with sales and distribution transformations in both urban and rural markets.

Compensation Structure

The Board of Directors has approved a comprehensive remuneration package for the proposed Managing Director position:

The fixed remuneration includes basic salary and fixed allowances as per company policy. Variable remuneration will be performance-based incentive pay according to the company's policy framework. Additional benefits include medical insurance, car loan benefits, mobile handset reimbursement, club and resort benefits, and travel expense reimbursements.

E-Voting Process and Shareholder Participation

The postal ballot notice has been distributed electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date of January 16, 2026. The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting platform.

Voting rights are calculated based on one vote per equity share registered in shareholders' names as of January 16, 2026. The company has appointed Himanshu S. Kamdar or Jayesh M. Shah from M/s. Rathi & Associates as scrutinizers to conduct the postal ballot process transparently.

Corporate Governance and Regulatory Compliance

The appointment follows recommendations from the Nomination and Remuneration Committee and Board approval on January 10, 2026. The proposal complies with Sections 152, 196, 197, 198, and 203 of the Companies Act, 2013, along with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Asawa has confirmed his eligibility for directorship under Section 164 of the Companies Act and provided consent under Section 152. The company received the requisite notice under Section 160 from a member proposing his candidature as Director.