Avadh Sugar & Energy Limited has issued a clarification to BSE Limited regarding significant increase in trading volume of its equity shares. The company responded to a surveillance query dated March 02, 2026, addressing concerns about unusual market activity in its securities.

Company's Response to BSE Surveillance

The sugar and energy company clarified that it remains in compliance with all applicable disclosure requirements under SEBI regulations. The company emphasized that all material information and events requiring disclosure have been duly intimated to stock exchanges within prescribed timelines.

Regulatory Compliance Confirmation

Avadh Sugar & Energy confirmed its compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that as on date, no event has occurred which requires disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Market-Driven Volume Movement

The company attributed the increase in trading volume of its equity shares as purely market driven. This clarification suggests that the volume surge was not related to any undisclosed corporate developments or price sensitive information.

Future Disclosure Commitments

The company assured that in case of any event requiring disclosure, it will intimate the same to stock exchanges in accordance with applicable regulatory requirements. The response was signed by Prashant Kapoor, Company Secretary with ACS membership number 15576, and was digitally signed on March 02, 2026.

Vishal Mega Mart witnessed a major promoter stake sale as Samayat Services LLP disclosed the sale of 65.25 crore equity shares representing 13.96% of the company's total equity through bulk deals on the National Stock Exchange. The transaction, executed on February 27, 2026, represents one of the largest promoter divestments in the retail sector.

Promoter Stake Sale Details

Samayat Services LLP, identified as a promoter of Vishal Mega Mart, filed a regulatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale significantly reduced the promoter's shareholding in the company.

Regulatory Compliance

The transaction was conducted through market sale via bulk deals on the National Stock Exchange platform. Samayat Services LLP submitted the mandatory disclosure to both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance for the substantial shareholding change.

The disclosure was signed by Anant Gupta, Designated Partner of Samayat Services LLP, and filed with the respective stock exchanges as required under SEBI regulations. The company secretary of Vishal Mega Mart was also notified of the transaction as per standard procedures.

Market Impact

This promoter stake sale represents a significant development for Vishal Mega Mart, with 13.96% of the company's equity changing hands in a single transaction. The sale reduces promoter holding from a majority 54.09% to 40.12%, potentially increasing the public float and institutional participation in the stock.

The transaction demonstrates active institutional interest in the retail sector, with Vishal Mega Mart continuing to attract significant investor attention as a prominent player in India's value retail segment.