Avenue Supermarts Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 12, 2025
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Avenue Supermarts (DMart) held its 25th AGM on August 12, 2025, via video conferencing, chaired by Mr. Chandrashekhar Bhave with MD & CEO Mr. Ignatius Navil Noronha addressing shareholder queries. Key business items included adoption of FY25 audited financial statements and re-appointment of two retiring directors, Mrs. Manjri Chandak and Mr. Ramakant Baheti. A new Independent Director, Ms. Rita Teaotia, was proposed for a 3-year term, and M/s. Rathi and Associates was proposed as Secretarial Auditors for 5 years (FY26–FY30). The most significant resolutions involve material related party transactions with subsidiary Avenue E-Commerce Limited (DMart Ready): sale of goods up to Rs. 3,500 crore, sale/purchase of assets up to Rs. 5 crore each, and further investment of up to Rs. 500 crore in the subsidiary's share capital. Consolidated voting results are awaited within two working days.
The resolutions point to continued large-scale support for DMart's e-commerce subsidiary (totalling up to ~Rs. 4,010 crore in potential transactions/investments), signalling the company's commitment to scaling its online business. Shareholders should watch for the voting outcome, as the related-party transaction size is material, though routine for an AGM agenda.