Avenue Supermarts Limited has announced several changes within its senior management team, effective November 16, 2026. These adjustments include the appointment of Mr. Sanjeev Shankaran as Vice President – General Merchandising, and Mr. Dastgir Shaikh stepping into the role of Vice President – FMCG. Mr. Sachin Jaolekar will transition to Vice President – Category Management at Avenue E-Commerce Limited, a subsidiary, and will no longer be part of the company’s senior management personnel.
Senior Management Reshuffle at Avenue Supermarts
Avenue Supermarts Limited has detailed a series of significant shifts in its senior management personnel, approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. These changes are set to take effect from November 16, 2026.
Key Appointments and Role Changes
Appointment of Mr. Sanjeev Shankaran
Mr. Sanjeev Shankaran, formerly Vice President – Operations, has been appointed as the new Vice President – General Merchandising. This elevation also designates him as a member of the Senior Management Personnel of the Company. Mr. Shankaran holds a commerce degree and a PGDM from AIMA Delhi. He brings over two decades of experience from major FMCG companies, including a prior role at Dabur India Ltd.
Mr. Dastgir Shaikh’s New Role
Mr. Dastgir Shaikh, who previously served as Vice President – General Merchandising, will now assume the position of Vice President – FMCG. He will continue to be recognized as a Senior Managerial Personnel.
Mr. Sachin Jaolekar’s Transition
Mr. Sachin Jaolekar, currently Vice President – FMCG, is set to move to a new role as Vice President – Category Management. This position will be at Avenue E-Commerce Limited, a subsidiary of Avenue Supermarts. Consequently, Mr. Jaolekar will cease to be classified as part of the Senior Management Personnel of Avenue Supermarts Limited.
Disclosure Requirements Met
The company has provided these details in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, along with the relevant master circulars.
Source: BSE
