Ms. Soumya Rajan has resigned from her position as an Independent Director of Vishal Mega Mart. The resignation, effective November 02, 2026, is attributed to increasing professional commitments with her primary company, Waterfield Advisors. The company has provided the requisite disclosures as per SEBI regulations, including her resignation letter and confirmation of no other material reasons for her departure.
Director Resignation Announced
Vishal Mega Mart Limited has officially announced the resignation of Ms. Soumya Rajan from her role as an Independent Director. The resignation is effective from the close of business hours on November 02, 2026.
Reason for Resignation
In her letter of resignation, Ms. Rajan cited increasing professional commitments to her company, Waterfield Advisors, as the primary reason for stepping down. This decision follows considerable deliberation regarding her continued association with Vishal Mega Mart.
Regulatory Compliance
The company has submitted a detailed disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure includes Ms. Rajan’s resignation letter, which confirms that there are no other material reasons for her resignation. She has also confirmed that she holds no directorships in other listed entities that would create conflicts.
Company Statement
Vishal Mega Mart acknowledged Ms. Rajan’s contributions and expressed gratitude for her support, guidance, and collaboration during her tenure. The company wishes her continued success in her professional endeavors.
Source: BSE
