Avenue Supermarts Limited has received official no-objection letters from both the BSE Limited and the National Stock Exchange of India Limited regarding the reclassification of a promoter. Mr. Vijay Shankar Chandak has been reclassified from the ‘Promoter Group’ to the ‘Public’ category, as per Regulation 31A of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. Copies of the approval letters from both exchanges dated September 10, 2026, have been provided.
Stock Exchange Approvals Received
Avenue Supermarts Limited announced today that it has received formal no-objection letters from the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). These approvals, dated September 10, 2026, are crucial for the reclassification of a key shareholder from the ‘Promoter Group’ to the ‘Public’ category.
Reclassification Details
The reclassification pertains to Mr. Vijay Shankar Chandak, who will now be recognized under the ‘Public’ shareholder category. This change is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the exchanges about this proposed reclassification on June 22, 2026, and July 16, 2026.
Documentation Provided
Avenue Supermarts Limited has enclosed the copies of the approval letters received from both the BSE and NSE along with this announcement. Investors and stakeholders are advised to take this information on record. The company continues to comply with all applicable regulations and disclosure requirements.
Source: BSE
