Avenue Supermarts Limited has informed the Exchange about change in Management
DMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avenue Supermarts Limited (DMart) announced multiple senior management changes effective 2nd May 2026. Mr. Chandrashekhar Bhave, Independent Director, completed his second term on 16th May 2026 and ceased holding office. Internal Auditor Mr. Rohit Mundhra moved to Regional Head - Operations (Rajasthan) and is no longer classified as Senior Management Personnel. Mr. Ravi Sharma, currently Head - Risk and Compliance, added Internal Auditor responsibilities for FY 2026-27 while retaining his KMP status. Mr. Hitesh Shah was elevated from Head - Pharma Business to Chief Business Officer - Pharmacy and Food Services, now overseeing both Pharmacy and Food businesses. Mr. Stephen Thomas, Head - Food Services, now reports to Hitesh Shah and ceases to be Senior Management Personnel due to reporting structure changes.
These are routine internal restructuring and succession planning moves within DMart's senior management. The changes consolidate pharmacy and food operations under one leader and transition internal audit responsibilities, which should ensure continuity. The departure of an experienced independent director may reduce board diversity but appears to be a natural tenure completion rather than a governance concern.