V-Mart Retail Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 29, 2025
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V-Mart Retail held its 23rd AGM on July 29, 2025 via video conferencing, attended by 157 members representing about 3.4 crore shares. The Managing Director highlighted FY25 financial performance: revenue from operations grew 17% to Rs 3,254 crore, EBITDA rose 77% to Rs 377 crore, and profit after tax surged 147% to Rs 46 crore, while net worth stood at Rs 810 crore. On the operations side, the company opened 62 new stores taking the total to 497, posted an 11% same-store sales growth, improved cash conversion cycle by 38%, and remained debt-free. Seven resolutions were tabled and put to e-voting, including adoption of audited financials, re-appointment of Managing Director Lalit Agarwal, revision in remuneration for Lalit Agarwal and Whole-Time Director Madan Gopal Agarwal, commission for non-executive directors, and appointment of new secretarial auditors for five years. The meeting concluded at 12:22 PM with e-voting results to be declared separately by the scrutinizer.
The AGM proceedings confirm a strong FY25 turnaround with sharp profit growth and continued store expansion while staying debt-free, which is positive for shareholders. The remuneration revisions and governance appointments are routine items that should not materially affect the stock price; investors should watch the final e-voting results for any dissent.