Avenue Supermarts Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DMART · price
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Avenue Supermarts (DMART) has announced the results of its Postal Ballot conducted to seek shareholder approval for the appointment of Mr. Anshul Asawa (DIN: 11400809) as Managing Director, designated as Chief Executive Officer of the Company. The appointment is for a period of 3 years, effective from 1st April, 2026 to 31st March, 2029. The resolution was passed with overwhelming shareholder support – 99.67% of votes polled were in favour, with only 0.33% against. Out of 6,19,171 shareholders on record, 2,170 valid e-voting confirmations were received, representing 59.09 crore shares. Promoter group voted 100% in favour, public institutions voted 98.08% in favour, and public non-institutions voted 99.88% in favour. The results were declared on 24th February, 2026, after scrutiny by Rathi & Associates.
The near-unanimous approval (99.67%) reflects strong shareholder confidence in the new leadership appointment and signals a smooth transition of CEO responsibility at DMART starting April 2026, with positive sentiment across promoter, institutional, and retail shareholders.