Vishal Mega Mart Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2025. Further, the company has informed the Exchange regarding voting results.
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Vishal Mega Mart submitted the scrutinizer's report and voting results from its 7th AGM held on September 29, 2025. All 9 resolutions were passed, with about 90.3% of outstanding shares (4.22 billion votes) participating in the e-voting. Routine resolutions including adoption of FY25 audited financials (99.9998% in favour), re-appointment of director Nishant Sharma (98.99%), statutory auditor Walker Chandiok & Co LLP (99.97%), and secretarial auditor Chandrasekaran Associates (99.9998%) received overwhelming support. Commissions for independent directors and waiver of excess MD remuneration (from ESOP exercise) also passed with over 99% support. The CEO/MD remuneration for remaining tenure (Resolution 9) saw the highest dissent at 11.2% against, largely driven by public institutions voting 27.27% against. Promoters voted 100% in favour of all resolutions.
No material impact expected — all routine AGM items were approved, including auditor re-appointments and director commissions. The notable dissent on the MD/CEO's forward remuneration (Resolution 9) signals some institutional investor discomfort with management pay, but the resolution still passed comfortably. Shareholders should note continuity of the existing board, auditors, and management team.