Vishal Mega Mart Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Vishal Mega Mart held its 7th AGM on September 29, 2025 via video conferencing, attended by 125 members. The meeting was chaired by Independent Director Ms. Neha Bansal, with MD & CEO Mr. Gunender Kapur delivering a speech on FY25 performance and future outlook, highlighting the company's stock market listing during the year. Nine resolutions were tabled, including adoption of FY25 financial statements, re-appointment of Mr. Nishant Sharma as director, re-appointment of Walker Chandiok & Co LLP as statutory auditors, and appointment of Chandrasekaran Associates as secretarial auditors. Five special resolutions covered commission payments to independent directors and remuneration-related approvals for the MD & CEO, including a waiver for excess pay arising from stock option exercises. The statutory and secretarial auditors had no qualifications or adverse remarks in their reports. E-voting results are pending and will be declared within the required timeline.
Routine AGM proceedings with no red flags — clean audit reports and standard governance resolutions. The stock-option related remuneration waiver is noteworthy for shareholders to track but is a procedural approval. E-voting results, once announced, will confirm shareholder sentiment on director pay and appointments.