Outcome of Board Meeting

11th July, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Services Department Corporate Communications Department Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 540376 NSE Scrip Symbol: DMART Sub: Proceedings of Board Meeting held on 11th July, 2026 as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), as amended Dear Sir/ Madam, With reference to the captioned subject, we hereby inform you that the Board of Directors of the Company, at its meeting held on 11th July, 2026 approved the following matters: 1. The Un-audited Standalone & Consolidated Financial Statements for quarter ended 30th June, 2026 along with the Limited Review Report issued by S R B C & Co LLP, Chartered Accountants, Statutory Auditors of the Company in accordance with the Regulation 33 of the SEBI Listing Regulations and the same is attached herewith as ‘Annexure A’. 2. Issuance of Non-convertible Debentures aggregating up to Rs. 1,000 crore (Rupees One Thousand Crore only) in one or more tranches, on a private placement basis. 3. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors considered and approved the following: a) Re-appointment of Mr. Bhaskaran N (DIN: 10808853) as Whole-time Director, designated as 'Chief Operating Officer' of the Company, for a period commencing from 17th October, 2026 to 31st May, 2028, subject to approval of shareholders of the Company. Mr. Bhaskaran N is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority in accordance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20th June, 2018. b) Appointment of Mr. Lalit Ahuja as ‘Chief Operating Officer’, Senior Management Personnel of the Company, with effect from 13th July, 2026; c) Change in designation and role of Mr. Parvez Vandrewala from ‘Chief Operating Officer’ to ‘Head - Centre of Excellence’ with effect from 1st November, 2026. Consequent to the above change, Mr. Parvez Vandrewala will continue to be Senior Managerial Personnel of the Company. The details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January, 2026, are enclosed herewith as ‘Annexure B’. 4. With reference to our letter dated 22nd June, 2026 and pursuant to Regulation 31A(8) of the SEBI Listing Regulations, the Board reviewed the request received from Mr. Vijay Shankar Chandak, seeking reclassification from Promoter Group to Public category. The Board considered the request and noted that Mr. Chandak satisfies the conditions specified under Regulation 31A(3)(b) of the SEBI Listing Regulations and accordingly, approved the request for reclassification from Promoter Group to Public category, subject to approval of the Stock Exchanges. The said meeting commenced at 1.30 p.m. and concluded at 2.50 p.m. Kindly take the same on your record. Thanking you. Yours faithfully, For Avenue Supermarts Limited Ashu Gupta Company Secretary & Compliance Officer Encl: As above SR BC & CO LLP 12th Floor, The Ruby 29 Senapati Bapal Marg Dadar (West) Chartered Accountants Mumbai • 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Avenue Supermarts Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Avenue Supermarts Limited (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act. 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For SR BC & Co LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Vikram Mehta Urv,e Partner Membership No.: 105938 ~,\- UDIN: ~6lOSq~8PPt\fl6"2.1673, ~ ;,, Mumbai, July 11, 2026 Page 1 of 1 SR BC 8. CO LLP. <1 Lirrntecl Li,1b11ily Pnrtncrsti1p witt1L LP ldentily No. AA0·4J 18 l?c>gd. Olli((': 22. (i'HlldC Sl1l'l't. Blocr: 'B'. )rd rloor. KolkJl,l· 700 0 16 D=Mart ® Avenue Supermarts Limited CIN : L51900MH2000PLC126473 Regd. Office: Anjaneya CHS limited, Orchard Avenue, Opp. Hiranandani Foundation School, Powai, Mumbai 400 076 Unaudited standalone financial results for the quarter ended 30th June, 2026 (f in Crores, unless otherwise stated) Quarter ended Quarter ended Sr. Quarter ended Year ended 31st Particulars 30th Juno, 2026 31st March, 2026 No. 30th June, 2025 March, 2026 (Refer note 5) /Unaudited\ (Audited\ /Unaudited IAudltedl 1 Income a) Revenue from operations 18,343.49 17,204.50 15,932.12 66,968.03 b) Other income 37.76 30.70 34.13 128.02 Total income 18,381.25 17,235.20 15,966.25 67,096.05 2 Expenses a) Purchases of stock-in-trade 15,698.14 15,269.94 13,477.51 58,216.11 b) Change In inventories of stock-in-trade (124.41) (435.37) 122.32 (824.99) c) Employee benefits expense 397.06 369.09 301.79 1,352.42 d) Finance costs 50.60 37.68 26.62 129.93 e) Depreciation and amortisation expense 262.07 256.08 209.58 934.81 I) Other expenses 845.79 769.67 717.18 2,969.27 Total expenses 17,129.25 16,267.09 14,855.00 62,777.55 3 Profit before tax 1,252.00 968.11 1,111.25 4,318.50 4 Tax expenses Current tax 309.33 245.64 278.45 1,085.23 Deferred tax charge/(credit) 6.90 (2.13) 3.07 9.34 [Showing first 8,000 characters — download PDF for full document]