Vishal Mega Mart Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
Vishal Mega Mart's board met on August 13, 2025 and approved its Q1 FY26 (quarter ended June 30, 2025) financial results. On a standalone basis, revenue from operations was ₹1,669.3 crore versus ₹1,667.9 crore in Q1 FY25, while profit after tax rose to ₹176.6 crore from ₹130.7 crore, a jump of about 35%. Consolidated revenue from operations stood at ₹3,140.3 crore with a profit of ₹204.4 crore. The board also appointed Chandrasekaran Associates as the new Secretarial Auditor for five years (7th to 12th AGM) and re-appointed Walker Chandiok & Co LLP as Statutory Auditor for another four-year term. Ernst & Young LLP was re-appointed as Internal Auditor for FY25-26. All auditor changes are subject to shareholder approval at the upcoming AGM.
Strong year-on-year profit growth on the standalone side is a positive signal for shareholders, while the continuity of Walker Chandiok as statutory auditor and EY as internal auditor provides governance stability. The new secretarial auditor appointment is a routine regulatory requirement and unlikely to impact the stock.