Avenue Supermarts Limited has received a penalty of ₹100,000 from regulatory authorities in Ghaziabad for violation of Food Safety and Standards Act provisions. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 11th March, 2026.

Penalty Details and Authority

The penalty has been imposed by the Adjudicating Officer and Additional District Magistrate (City), Ghaziabad, Uttar Pradesh. The company received the order on 10th March, 2026, directing both Avenue Supermarts and the manufacturer of the product to pay the specified penalty amount.

Nature of Violation

The order pertains to violation of certain provisions of the Food Safety and Standards Act, 2006. Specifically, the penalty relates to an alleged substandard product that was manufactured by another company but sold at one of Avenue Supermarts' retail stores. The violation involves the sale of products that allegedly did not meet the required food safety standards.

Financial and Operational Impact

Avenue Supermarts has clarified that the financial impact of the regulatory order is limited to the extent of the penalty imposed. The company has explicitly stated that there is no material impact on its operations or other business activities due to this order.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, demonstrating the company's adherence to transparency requirements for listed entities. The penalty involves both Avenue Supermarts as the retailer and the original manufacturer of the allegedly substandard product, indicating shared responsibility in the regulatory framework.

Avenue Supermarts Limited has formally disclosed the voting results for the appointment of Mr. Anshul Asawa as Managing Director and Chief Executive Officer, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the scrutinizer's report and voting results to BSE and NSE on February 24, 2026, confirming overwhelming shareholder approval with 99.67% votes in favour.

Appointment and Regulatory Compliance

The shareholders approved Mr. Anshul Asawa's (DIN: 11400809) appointment as Managing Director, designated as Chief Executive Officer, for a period of 3 years from April 1, 2026 till March 31, 2029. The resolution was proposed as an ordinary resolution through the postal ballot notice dated January 10, 2026, and conducted in accordance with Section 110 of the Companies Act, 2013.

Comprehensive Voting Results

The postal ballot process demonstrated exceptional shareholder participation and confidence across all categories:

Category-wise Voting Breakdown

The voting pattern showed unanimous support from promoters and strong backing from institutional and retail investors:

Promoter and Promoter Group

Public Institutions

Public Non-Institutions

Scrutinizer's Report and Process

Rathi & Associates Company Secretaries served as the scrutinizer for the voting process, ensuring compliance with statutory requirements. The remote e-voting facility was provided through National Securities Depository Limited (NSDL) platform during the voting period from January 22, 2026 to February 20, 2026.

The voting results and scrutinizer's report have been made available on the company's website at www.dmartindia.com and on NSDL's website at www.evoting.nsdl.com , ensuring full transparency and regulatory compliance. The appointment reflects strong shareholder confidence in the company's leadership direction under Mr. Anshul Asawa's stewardship.