V-Mart Retail Limited has announced the resignation of its Chief Operating Officer, Mr. Vineet Jain, who is also designated as Senior Management Personnel. Mr. Jain’s resignation is effective from the close of business hours on July 15th, 2026. He has cited the pursuit of a new opportunity aligned with future growth aspirations as the reason for his departure, as detailed in his resignation letter. The company has appointed Mr. Anand Agarwal, Chief Financial Officer, as the new Chief Operating Officer, in addition to his current roles.
Resignation of Senior Management
V-Mart Retail Limited has officially accepted the resignation of Mr. Vineet Jain from his position as Chief Operating Officer (COO) and Senior Management Personnel. This decision will take effect on July 15th, 2026, at the close of business hours.
Reason for Departure
In his resignation letter, Mr. Jain stated that he is leaving to pursue a new opportunity that aligns with his future career growth and aspirations. He emphasized that this decision has been made after careful consideration and reflection. The company has confirmed that this is the sole reason for his resignation and no other material factors are involved.
Succession Planning
Following Mr. Jain’s departure, Mr. Anand Agarwal, who currently serves as the Chief Financial Officer of V-Mart Retail Limited, will also assume the role of Chief Operating Officer. This appointment is in line with the company’s established succession planning framework, ensuring a smooth transition of responsibilities. Mr. Agarwal will manage both his existing financial duties and the operational leadership of the company.
Disclosure Details
Further details pertaining to this change in senior management, as required by SEBI regulations, have been provided in Annexure A and the enclosed resignation letter of Mr. Vineet Jain (Annexure B) for the record.
Source: BSE
