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.

Avenue Supermarts Limited has expanded its retail footprint with the opening of 3 new DMart stores across North India on February 23, 2026. The new store openings mark another milestone in the company's ongoing expansion strategy, bringing the total store count to 452.

New Store Locations

The company has strategically opened stores in three key locations across Rajasthan and Uttar Pradesh:

Expansion Strategy

The simultaneous opening of three stores demonstrates Avenue Supermarts' commitment to strengthening its presence in North India. The selection of locations includes both standalone locations and mall-based formats, indicating the company's flexible approach to market penetration.

The Kota store represents the company's continued expansion in Rajasthan, while the Ghaziabad and Greater Noida locations strengthen its foothold in the National Capital Region. Both Ghaziabad and Greater Noida stores are strategically located within established shopping malls, potentially benefiting from existing foot traffic.

Store Count Milestone

With the addition of these 3 stores, Avenue Supermarts has reached a total of 452 stores across its network. This expansion reflects the company's systematic approach to retail growth and its focus on capturing market share in key urban and semi-urban markets.

The company formally notified both BSE Limited and The National Stock Exchange of India Ltd. about the store openings, maintaining transparency with stakeholders regarding its expansion activities. Company Secretary & Compliance Officer Ashu Gupta signed the official communication to the stock exchanges.