Outcome of the Board Meeting

Ref. No. CS/S/L-1016/2026-27 3rd November, 2026 TNoA:T IONAL STOCK EXCHANGE OF INDIA LIMITED TToH:E BSE LTD The Listing Department The Corporate Relationship Department “Exchange Plaza” PSchriripoz Ceo Jdeeej:e 5e3b4h9oy7 6T owers, SBcarnidpr Ca-oKduer:l aV MCoAmRpTl ex Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Fax: 022-22723121 Fax: 022-26598120 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Sub: Outcome of the Meeting of the Board of Directors of the Company held on November 3, 2026 Dear Sir/Madam, Pursuant to Regulations 30 & 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board in its meeting held today i.e. on November 3, 2026 which commenced at 01:15 P.M. and concluded at 04:40 P.M. considered, approved, and took• on Arepcporrodv ianlt eorf- athliae tUhne afouldloitweidn gF:i nancial Results of the Company for the second quarter and half year ended September 30, 2026 The unaudited financial results of the Company for the second quarter and half year ended September 30, 2026 as considered, approved and taken on record by the Board of Directors of the Company along with the Limited Review Report issued by the Statutory Auditors. (Annexed • hAeprpeowiinthtm). e nt of Mr. Varin Agarwal as the Head - Merchandising function and Senior Management Personnel of the Company with effect from November 3, 2026 The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Varin Agarwal as the Head - Merchandising function with effect from November 3, 2026. Consequent to this change, he shall be designated as Senior Management Personnel of the Company. AThnen edxeutraeil As . required under the SEBI Listing Regulati to hns, read with the SEBI circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January, 2026 have been provided in • Receipt of Request for Reclassification of certain members from ‘Promoter Group’ Category to ‘Public’ Category With reference to our intimation dated October 30, 2026 and pursuant to Regulation 31A(8) of the SEBI Listing Regulations, the Board reviewed the request received from the following members of the Promoter Group (also referred to as "outgoing members of the Promoter Group" or "applicants"), seeking reclassification from ‘Promoter Group’ category to the ‘Public’ category subject to the receipt of necessary approvals, including from Stock Exchanges where the equity shares of the Company are listSe.d N voiz.; BNSaEm Leimited and NationCaal tSetgoockr yExchange of NInudmiab.. e r of shares held % of Shareholding 1. Raghav Agarwal Promoter Group 0 0% Total 0 0% 2. Ditya Agarwal Promoter Group 0 0% The Board considered the request and noted that they 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. This information will also be made available on the Company’s website at www.vmart.co.in. We request you to kindly take the above information on record. Thanking You, For V-Mart Retail Limited Yours Truly Megha Tandon Company Secretary and Compliance Officer Encl: As above Annexure-A Sl. Particulars Information 1. Name 2. Reason for Change viz. Mr. Varin Agarwal appointment, re-appointment, Appointment of Mr. Varin Agarwal as the Head - Merchandising resignation, removal, death or function with effect from November 3, 2026. Consequent to this otherwise change, he shall be designated as Senior Management Personnel of the Company. 3. Date of appointment/re- appointment/cessation (as November 3, 2026 applicable) 4. Terms of appointment/re- appointment Not Applicable 5. Brief Profile (in case of appointment) Mr. Varin Agarwal holds a Bachelor’s degree from the NYU Stern School of Business. He joined V-Mart in 2024 and brings experience across strategy, operations, business development, and growth. Over the past two years, he has been instrumental in streamlining the company’s LimeRoad business, leading buying, merchandising, product assortment, and category management functions. Prior to joining V-Mart, he served as the Head of Strategy, Operations & Growth at US Mobile, where he played a key role in driving 82% growth in the Company’s revenue within 14 months and led a 350+ member customer experience team, enhancing customer satisfaction through data-driven insights and operational efficiencies. Earlier, he was associated with Kearney and Build Republic, where he gained experience in cost 6. Disclosure of relationships optimisation, business development, and marketing strategies across diverse sectors. between directors (in case of Not Applicable appointment of a director) 7. Information required pursuant to BSE Circular no. LIST/COMP/14/2018-19 and Not Applicable NSE Circular No. SE/CML/2018/24 dated 20 June 2018. 67, Institutional Area S.R. Co. LLP 8ATUB01 & Sector 44, Gurugram -122 003 Haryana, India Chartered Accountants Tel: +91 124 681 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors V-Mart Retail Limited 1. We have reviewed the accompanying statement of unaudited financial results of V-Mart Retail Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 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 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 disclos [Showing first 8,000 characters — download PDF for full document]