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.

Vishal Mega Mart Limited has announced the grant of 5,00,000 stock options to an eligible employee under its Employee Stock Options Plan 2019. The Nomination and Remuneration Committee of the Board of Directors approved this grant on March 02, 2026 through circulation.

Stock Option Grant Details

The company disclosed comprehensive details of the stock option grant in compliance with SEBI regulations:

Regulatory Compliance

The grant was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Each stock option is convertible into one fully paid-up equity share having a face value of Rs. 10 each. The exercise period allows the employee to exercise the vested options within 10 years from the date of grant, unless the Board or Committee decides otherwise.

Plan Framework

The stock options were granted under the Vishal Mega Mart Employees Stock Options Plan 2019, which governs the significant terms and conditions of the grant. The current disclosure relates specifically to the grant of stock options, with vesting and exercise details to be determined based on the plan's provisions.

The company has made this information available on its website at aboutvishal.com and informed both NSE and BSE about the grant as per regulatory requirements.