V-Mart Retail Limited announced the outcome of its Board of Directors meeting held on November 3, 2026. The Board approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. Additionally, the Board approved the appointment of Mr. Varin Agarwal as the Head of Merchandising function and Senior Management Personnel, effective from November 3, 2026. The company also received a request for reclassification of certain members from the ‘Promoter Group’ category to ‘Public’ category, which was approved subject to stock exchange approvals.
Board Meeting Outcome
V-Mart Retail Limited convened a meeting of its Board of Directors on November 3, 2026, which commenced at 01:15 P.M. and concluded at 04:40 P.M. During this meeting, the Board considered, approved, and took on record several key items. These included the unaudited financial results of the Company for the second quarter and half-year ended September 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.
Key Appointments and Approvals
A significant decision made by the Board was the approval of the appointment of Mr. Varin Agarwal as the Head – Merchandising function. This appointment is effective from November 3, 2026, and Mr. Agarwal will also be designated as Senior Management Personnel of the Company. The Board’s decision was based on the recommendation of the Nomination and Remuneration Committee. The details required under SEBI Listing Regulations regarding this appointment have been provided in Annexure A.
Promoter Group Reclassification
Furthermore, the Board reviewed a request received from members of the Promoter Group seeking reclassification from the ‘Promoter Group’ category to the ‘Public’ category. This request was approved, subject to obtaining necessary approvals from the stock exchanges. The Board noted that the request satisfies the conditions specified under Regulation 31A(3)(b) of the SEBI Listing Regulations.
Financial Highlights
The unaudited financial results for the quarter ended September 30, 2026, show a revenue from operations of ₹95,299 Lakhs, with a profit after tax of ₹(1,634) Lakhs. For the six months ended September 30, 2026, revenue from operations stood at ₹2,04,180 Lakhs, and the profit after tax was ₹3,087 Lakhs. The company’s balance sheet as of September 30, 2026, shows total assets of ₹3,08,062 Lakhs and total equity and liabilities of ₹3,08,062 Lakhs.
Auditor’s Review
The independent auditor’s review report confirms that the accompanying statement of unaudited financial results has been prepared in accordance with Indian Accounting Standard 34, ‘Interim Financial Reporting’. The auditors stated that nothing came to their attention to indicate material misstatement in the results.
Source: BSE
