V-Mart Retail Limited has announced a key leadership appointment, elevating Mr. Sanjay Sarkar to the position of Senior Management Personnel (SMP) effective January 22, 2026. The Board of Directors approved this strategic appointment during their meeting held on the same date, recognizing Sarkar's significant contributions to the company's supply chain operations.

Appointment Details

The company has promoted Mr. Sarkar from his current role as Assistant Vice President, Supply Chain Management, to Senior Management Personnel. This internal elevation reflects the company's confidence in his leadership capabilities and operational expertise.

Professional Background

Mr. Sarkar brings over two decades of comprehensive experience in building high-performing, future-ready supply chain networks. His expertise spans multiple critical areas including warehouse operations, logistics transformation, and operational excellence. Throughout his career, he has demonstrated a leadership approach characterized by disciplined execution, technology-led innovation, and consistent focus on scalability, efficiency, and cost leadership.

His professional journey encompasses leadership roles across prominent FMCG and retail organizations, including:

• Colgate
• Future Group
• Landmark
• V-Mart Retail (current organization)

Key Achievements and Expertise

During his tenure across various organizations, Mr. Sarkar has successfully spearheaded several major initiatives that have strengthened operational capabilities. His notable accomplishments include leading some of India's largest multi-channel distribution center build-outs and managing complex greenfield projects. He has also been instrumental in implementing WMS/TMS automation initiatives and executing complex merger integrations, consistently creating resilient and technology-driven logistics ecosystems.

Educational Qualifications

Mr. Sarkar holds a Mechanical Engineering degree from Amravati University, providing him with strong technical grounding. He has further enhanced his strategic capabilities through advanced training in Strategic Operations and Supply Chain Analytics from IIM Lucknow, combining technical expertise with strategic insight.

Regulatory Compliance

This appointment has been made in compliance with Regulation 30 of the SEBI Listing Regulations. The company has fulfilled all disclosure requirements as mandated by the Securities and Exchange Board of India, ensuring complete transparency in this senior management change. The detailed disclosure has been submitted to both the National Stock Exchange of India Limited and BSE Limited, maintaining adherence to all regulatory protocols.

V mart retail has announced significant employee stock option activities, including the grant of new options and allotment of equity shares under its Employee Stock Option Plan (ESOP) Scheme 2020. The company's Nomination & Remuneration Committee approved these transactions on January 22, 2026.

Stock Option Grant Details

The company granted 66,260 performance-linked stock options to eligible employees under the ESOP Scheme 2020. Each stock option represents one equity share of the company, subject to achievement of performance metrics by both the company and individual grantees.

The grant is structured as performance-based options, requiring both the company and individual employees to meet specific performance targets across each of the four vesting years. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Equity Share Allotment

Simultaneously, V-Mart Retail allotted 19,264 equity shares to employees who exercised their existing stock options under the ESOP Scheme 2020. The allotment was completed on January 22, 2026, with each share carrying a face value of ₹10.

Impact on Share Capital

The allotment of 19,264 equity shares has increased V-Mart Retail's total issued and paid-up equity share capital. The company's equity share count rose from 7,94,39,025 shares to 7,94,58,289 shares, representing an increase of 19,264 shares, all with a face value of ₹10 each.

This ESOP activity demonstrates the company's commitment to employee participation in its growth story through equity-based compensation. The performance-linked nature of the newly granted options aligns employee interests with company performance objectives over the four-year vesting period.