Avenue Supermarts Limited has informed the Exchange about Appointment of Ms. Kalpana Unadkat, Independent Director as Chairperson of the Company w.e.f. 1st April, 2026.
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Avenue Supermarts (DMART) has announced that Ms. Kalpana Unadkat, an existing Independent Director on the Board, will take over as Chairperson effective April 1, 2026. She replaces Mr. Chandrashekhar Bhave, who will step down as Chairman from the close of business on March 31, 2026, upon completing his second term as Independent Director (which formally ends May 16, 2026). Ms. Unadkat brings over 25 years of experience in corporate law, governance, and cross-border M&A, having been a Senior Partner at Khaitan & Co and Co-Head of India Practice at Ashurst. She is not related to any other Director on the Board. The change is a planned, orderly succession with no disruption indicated.
This is a smooth, pre-announced leadership transition for a non-executive Board role. An existing Independent Director with strong governance credentials is being elevated, which should reassure shareholders about board continuity and stability — no material impact on operations or stock price is expected.