Avenue Supermarts logo

Avenue Supermarts CEO, MD, chairman, board of directors and AGM

NSE: DMARTBSE: 540376RetailingLarge Cap

Last close ₹3,157.70down ₹8.30 (0.26%)BSE ₹3,166.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,166.00.

52-week range of traded prices to 23 Oct 2026
₹3,102.30Low, 23 Oct 2026₹4,644.00High, 17 Apr 2026
Market cap
₹2,05,960 Cr33rd largest listed
P/E
66.1
P/B
7.9
Dividend yield
Nonein the last 12 months
ROE
12.7%
ROCE
14.5%
Debt to equity
0.16
Volume, NSE
3,81,43241.8% delivered

Avenue Supermarts board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonKalpana Vasantrai Unadkat
  • Managing director and CEOAnshul Asawa
  • Company Secretary and Compliance OfficerAshu Gupta

8 directors3 independent4 executive1 non-executive

  • Kalpana Vasantrai Unadkat · ChairpersonIndependent · joined Jul 2018 · reappointed Jul 2023 · 98 months as independent · 3 listed boards · 3 as independent · 10 committee seats, 3 as chair
  • Harishchandra M. BharukaIndependent · joined Jan 2024 · reappointed Jan 2024 · 32 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Rita Amitabh TeaotiaIndependent · joined Jun 2025 · reappointed Jun 2025 · 15 months as independent · 4 listed boards · 4 as independent · 3 committee seats
  • Manjri ChandakNon-executive · joined Mar 2011 · reappointed Mar 2011 · 1 listed board · 3 committee seats, 2 as chair
  • Anshul Asawa · Managing director and CEOExecutive · joined Apr 2026 · reappointed Apr 2026 · 1 listed board
  • Ramakant BahetiExecutive · joined Jan 2006 · reappointed May 2024 · 1 listed board · 2 committee seats
  • Elvin Elias MachadoExecutive · joined Jun 2015 · reappointed Jun 2024 · 1 listed board
  • Bhaskaran NExecutive · joined Oct 2024 · reappointed Oct 2024 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Chandrashekhar Bhaskar Bhave, left 16 May 2026: Tenure Completion
  • Ignatius Navil Noronha, left 31 Jan 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Jul 20268 of 8 present3 independent · 69 days in between
    • 2 May 20269 of 9 present4 independent

  • Audit Committee

    Chair Harishchandra M. Bharuka

    Kalpana Vasantrai Unadkat, Rita Amitabh Teaotia, Manjri Chandak

    • 11 Jul 20264 of 4 present3 independent · 69 days in between
    • 2 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Rita Amitabh Teaotia

    Kalpana Vasantrai Unadkat, Manjri Chandak

    • 1 Sep 20263 of 3 present2 independent · 51 days in between
    • 11 Jul 20263 of 3 present2 independent · 69 days in between
    • 2 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Manjri Chandak

    Kalpana Vasantrai Unadkat, Ramakant Baheti

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Anshul Asawa

    Ramakant Baheti, Kalpana Vasantrai Unadkat, Manjri Chandak, Bhaskaran N, Niladri Deb, Vikram Bhatia, Biswabrata Chakravorty

    • 11 Aug 20265 of 5 present1 independent

  • Corporate Social Responsibility Committee

    Chair Kalpana Vasantrai Unadkat

    Manjri Chandak, Ramakant Baheti

    • 11 Jul 20263 of 3 present1 independent · 69 days in between
    • 2 May 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • S R B C & CO LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Avenue Supermarts AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Avenue Supermarts share news and announcements

Annual general meeting, 19 Aug 2026

5,56,120 shareholders on the register on 12 Aug 2026; present: 9 promoters and 78 others; votes counted by HIMANSHU S. KAMDAR / RATHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited financial statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026 together with Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 91.04% · promoters 99.97% · institutions 89.19% · other public 5.92%

  2. To re-appoint a Director in place of Mr. Bhaskaran N (DIN: 10808853), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 1.09% · other public 0.07%

    Turnout: all 91.04% · promoters 99.97% · institutions 89.23% · other public 5.92%

  3. To re-appoint a Director in place of Mr. Elvin Machado (DIN: 07206710), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 1.40% · other public 0.09%

    Turnout: all 91.04% · promoters 99.97% · institutions 89.23% · other public 5.92%

  4. To approve payment of Commission to Independent Directors of the Company, for a period of five years commencing from 1st April, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 91.04% · promoters 99.97% · institutions 89.23% · other public 5.92%

  5. To approve re-appointment of Mr. Bhaskaran N (DIN: 10808853) as Whole-time Director of the Company for a period from 17th October, 2026 upto 31st May, 2028.
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 2.11% · other public 0.08%

    Turnout: all 91.04% · promoters 99.97% · institutions 89.19% · other public 5.92%

  6. To approve material related party transactions for sale of goods to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 35,000,000,000/- (Rupees Three Thousand Five Hundred crores only) plus applicable taxes.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.78%

  7. To approve material related party transactions for sale of assets to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.77%

  8. To approve material related party transactions for purchase of assets from Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.77%

  9. To approve material related party transactions for further investment in the share capital of Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 5,000,000,000/- (Rupees Five Hundred Crore only).MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.77%

  10. To approve material related party transactions to provide Management & Business Support Services to Avenue E-Commerce Limited, Subsidiary Company for a period commencing from 1st April, 2027 to 30th September, 2032, upto a maximum aggregate value of Rs. 60,000,000 (Rupees Six crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.77%

  11. To approve material related party transactions for Deputation of personnel to Avenue E-Commerce Limited, Subsidiary Company for a period commencing from 1st April, 2027 to 30th September, 2032, upto a maximum aggregate value of Rs. 100,000,000 (Rupees Ten crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 16.20% · promoters 0.00% · institutions 89.23% · other public 0.77%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Feb 2026, 1 resolution

6,19,171 shareholders on the register on 16 Jan 2026; votes counted by Mr. Himanshu Kamdar / Rathi & Associates.The company's voting result (opens in a new tab)

  1. To appoint Mr. Anshul Asawa (DIN: 11400809) as Managing Director, designated as Chief Executive Officer of the Company, to hold office for a period of 3 (three) years from 1st April, 2026 till 31st March, 2029MoreLess
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 1.92% · other public 0.12%

    Turnout: all 90.81% · promoters 99.97% · institutions 89.51% · other public 5.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2025, 9 resolutions

6,28,010 shareholders on the register on 5 Aug 2025; present: 6 promoters and 75 others; votes counted by HIMANSHU S. KAMDAR / RATHI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited financial statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2025 together with Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.00%

    Turnout: all 91.63% · promoters 99.97% · institutions 85.11% · other public 25.81%

  2. To re-appoint a Director in place of Mrs. Manjri Chandak (DIN: 03503615), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 4.13% · other public 0.01%

    Turnout: all 92.03% · promoters 99.97% · institutions 87.38% · other public 25.81%

  3. To re-appoint a Director in place of Mr. Ramakant Baheti (DIN: 00246480), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.01%

    Turnout: all 92.03% · promoters 99.97% · institutions 87.39% · other public 25.81%

  4. To appoint Ms. Rita Teaotia (DIN: 02876666) as an Independent Director of the Company for a period of 3 (three) years commencing from 20th June, 2025 to 19th June, 2028.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 92.03% · promoters 99.97% · institutions 87.39% · other public 25.81%

  5. To appoint M/s. Rathi and Associates, a firm of Practising Company Secretaries as Secretarial Auditors of the Company, for a term of 5 (five) consecutive financial years commencing from 1st April, 2025 till 31st March, 2030.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 92.03% · promoters 99.97% · institutions 87.39% · other public 25.81%

  6. To approve material related party transactions for sale of goods to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 35,000,000,000/- (Rupees Three Thousand Five Hundred crores only) plus applicable taxes.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.58%

    Turnout: all 15.45% · promoters 0.00% · institutions 87.39% · other public 0.58%

  7. To approve material related party transactions for sale of assets to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.59%

    Turnout: all 15.45% · promoters 0.00% · institutions 87.39% · other public 0.58%

  8. To approve material related party transactions for purchase of assets from Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.58%

    Turnout: all 15.45% · promoters 0.00% · institutions 87.39% · other public 0.58%

  9. To approve material related party transactions for further investment in the share capital of Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 5,000,000,000/- (Rupees Five Hundred Crore only).MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.58%

    Turnout: all 15.45% · promoters 0.00% · institutions 87.39% · other public 0.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. 1 - To appoint Mr. Bhaskaran N (DIN: 10808853), Chief Operating Officer - Retail as the Whole-Time Director of the Company for a period of two years with effect from 17th October, 2024.
    Ordinary
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 6.66% · other public 6.65%

    Turnout: all 90.20% · promoters 99.98% · institutions 90.05% · other public 0.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Aug 2024, 6 resolutions

Present: 9 promoters and 88 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.23% · other public 0.02%

    Turnout: all 90.11% · promoters 99.98% · institutions 86.18% · other public 6.05%

  2. To appoint a Director in place of Mr. Elvin Machado (DIN: 07206710), who retires by rotation and being eligible, offers him self for re-appointment.
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 2.81% · other public 0.38%

    Turnout: all 90.59% · promoters 99.98% · institutions 88.91% · other public 6.05%

  3. To approve material related party transactions for sale/ purchase of goods, materials and assets between the Company and Avenue E-commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    Ordinary
    95.72% for4.28% against

    Against: promoters 0.00% · institutions 4.31% · other public 0.24%

    Turnout: all 15.56% · promoters 0.00% · institutions 88.91% · other public 1.05%

  4. To approve material related party transaction for further investment in share capital of Avenue E-commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 2,500,000,000 (Rupees Two Hundred and Fifty crore only).MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 15.56% · promoters 0.00% · institutions 88.91% · other public 1.05%

  5. To approve material related party transaction for sharing ofturnover generated from premises of the Company by Avenue E-commerce Limited, Subsidiary Company for a period commencing from 1st April, 2025 to 30th September, 2028, upto a maximum aggregate value of Rs.200,000,000 (Rupees Twenty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 15.56% · promoters 0.00% · institutions 88.91% · other public 1.05%

  6. To approve material related party transaction for leasing premises to Avenue E-commerce Limited, Subsidiary Company for a period commencing from 1st April, 2025 to 30th September, 2028, upto a maximum aggregate value of Rs. 600,000,000 (Rupees Sixty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 15.56% · promoters 0.00% · institutions 88.91% · other public 1.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Feb 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To appoint Mr. Harishchandra M. Bharuka (DIN: 00306084) as an Independent Director of the Company for a period of five years commencing from 13th January, 2024
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.85% · other public 0.04%

    Turnout: all 90.96% · promoters 99.98% · institutions 84.77% · other public 26.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Aug 2023, 8 resolutions

Present: 4 promoters and 82 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.54% · other public 0.00%

    Turnout: all 90.59% · promoters 99.98% · institutions 84.50% · other public 26.84%

  2. To appoint a Director in place of Mr. Ramakant Baheti (DIN: 00246480), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    97.20% for2.80% against

    Against: promoters 0.00% · institutions 18.46% · other public 0.02%

    Turnout: all 90.94% · promoters 99.98% · institutions 86.72% · other public 26.84%

  3. To re-appoint Mr. Ramakant Baheti (DIN: 00246480) as Whole-time Director of the Company for a period of five years with effect from 1st May, 2024.
    Ordinary
    96.10% for3.90% against

    Against: promoters 0.00% · institutions 25.76% · other public 0.02%

    Turnout: all 90.94% · promoters 99.98% · institutions 86.72% · other public 26.84%

  4. To re-appoint Mr. Elvin Machado (DIN: 07206710) as Whole-time Director of the Company for a period of 3 (three) years with effect from 10th June, 2024.nn
    Ordinary
    96.05% for3.95% against

    Against: promoters 0.00% · institutions 26.09% · other public 0.01%

    Turnout: all 90.94% · promoters 99.98% · institutions 86.72% · other public 26.84%

  5. To approve material related party transactions for sale/ purchase of goods, materials and assets between the Company and Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 13.82% · promoters 0.00% · institutions 86.72% · other public 0.57%

  6. To approve material related party transaction for further investment in share capital of Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 3,500,000,000 (Rupees Three Hundred and Fifty crore only).MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 13.82% · promoters 0.00% · institutions 86.72% · other public 0.57%

  7. To approve Avenue Supermarts Limited Employee Stock Option Scheme 2023 for grant, offer, issue and allot employee stock options not exceeding 1,500,000 (Fifteen lakh) to eligible employees of the Company under the said Scheme.nMoreLess
    Special
    97.13% for2.87% against

    Against: promoters 0.00% · institutions 18.88% · other public 0.27%

    Turnout: all 90.94% · promoters 99.98% · institutions 86.72% · other public 26.84%

  8. To extend the employee stock options to eligible employees of subsidiary(ies) company(ies) by granting, offering, issuing and allotting the options under Avenue Supermarts Limited Employee Stock Option Scheme 2023 as referred to in Resolution No.7MoreLess
    Special
    97.12% for2.88% against

    Against: promoters 0.00% · institutions 18.95% · other public 0.29%

    Turnout: all 90.94% · promoters 99.98% · institutions 86.72% · other public 26.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Aug 2022, 9 resolutions

Present: 5 promoters and 136 others.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2022 togethern with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 91.55% · promoters 100.00% · institutions 85.35% · other public 34.88%

  2. 2 - To appoint Director in place of Mrs. Manjri Chandak (DIN: 03503615), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    95.18% for4.82% against

    Against: promoters 0.00% · institutions 32.57% · other public 0.00%

    Turnout: all 91.87% · promoters 100.00% · institutions 87.37% · other public 34.87%

  3. 3 - To re-appoint S R B C & Co LLP, Chartered Accountants for a period of five years from the conclusion of this Annual General Meeting till the conclusion of 27th Annual General Meeting of the Company.MoreLess
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 1.50% · other public 0.00%

    Turnout: all 91.87% · promoters 100.00% · institutions 87.37% · other public 34.87%

  4. 4 - To re-appoint Ms. Kalpana Unadkat (DIN:02490816) as an Independent Director for a second consecutive term of five years with effect from 30th July, 2023.
    Special
    99.04% for0.96% against

    Against: promoters 0.00% · institutions 6.60% · other public 0.00%

    Turnout: all 91.55% · promoters 100.00% · institutions 85.34% · other public 34.87%

  5. 5 - To approve material related party transaction for sale/ purchase of goods, materials and assets between the Company and Avenue E-Commerce Limited, Subsidiaryn Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 14.32% · promoters 0.00% · institutions 87.37% · other public 7.76%

  6. 6 - To approve material related party transaction for further investment in share capital of Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 3,500,000,000 (Rupees Three Hundred and Fifty crore only).nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 14.32% · promoters 0.00% · institutions 87.37% · other public 7.76%

  7. 7 - To approve material related party transaction for Management & Business Support Services including deputation of personnel with Avenue E-Commerce, Subsidiary Company for a period of five years commencing from financial year 2022-23 to financial year 2026-27, upto a maximum aggregate value of Rs. 130,000,000 (Rupees Thirteen crorne only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 14.32% · promoters 0.00% · institutions 87.37% · other public 7.76%

  8. 8 - To approve material related party transaction for sharing of turnover generated from premises of the Company by Avenue E-Commerce Limited, Subsidiary Company for a period of three years commencing from financial year 2022-23 to financial year 2024-25, upto a maximum aggregate value of Rs. 200,000,000 (Rupees Twenty crore only) plus applicable taxes on an annual basis during the said period.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 14.32% · promoters 0.00% · institutions 87.37% · other public 7.76%

  9. 9 - To approve material related party transaction for leasing premises to Avenue E-Commerce Limited, Subsidiary Company for a period of three years commencing from financial year 2022-23 to financial year 2024-25 upto, a maximum aggregate value of Rs. 600,000,000 (Rupees Sixty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 14.32% · promoters 0.00% · institutions 87.37% · other public 7.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 19 Aug 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited financial statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026 together with Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    15 for0 against
  • To re-appoint a Director in place of Mr. Bhaskaran N (DIN: 10808853), who retires by rotation and being eligible, offers himself for re-appointment.
    15 for0 against
  • To re-appoint a Director in place of Mr. Elvin Machado (DIN: 07206710), who retires by rotation and being eligible, offers himself for re-appointment.
    15 for0 against
  • To approve payment of Commission to Independent Directors of the Company, for a period of five years commencing from 1st April, 2027.
    15 for0 against
  • To approve re-appointment of Mr. Bhaskaran N (DIN: 10808853) as Whole-time Director of the Company for a period from 17th October, 2026 upto 31st May, 2028.
    Against Jio BlackRock Mutual Fund
    • Jio BlackRock Mutual FundBhaskaran N was paid a remuneration of 56.7 mn, excluding value of stock options. We estimate his FY27 remuneration at Rs. 87.1 mn, excluding value stock options. He is eligible to be granted ESOPs, however there is no clarity on the quantum of options that may be awarded during his tenure. We note that the past grants have been made at deep discount to the market price. Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. Further, there is no disclosure of the performance metrics that will determine his variable pay and ESOP vesting. While we support his appointment, we are unable to support his remuneration terms.
    14 for1 against
  • To approve material related party transactions for sale of goods to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 35,000,000,000/- (Rupees Three Thousand Five Hundred crores only) plus applicable taxes.MoreLess
    14 for0 against
  • To approve material related party transactions for sale of assets to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    14 for0 against
  • To approve material related party transactions for purchase of assets from Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    14 for0 against
  • To approve material related party transactions for further investment in the share capital of Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 5,000,000,000/- (Rupees Five Hundred Crore only).MoreLess
    15 for0 against
  • To approve material related party transactions to provide Management & Business Support Services to Avenue E-Commerce Limited, Subsidiary Company for a period commencing from 1st April, 2027 to 30th September, 2032, upto a maximum aggregate value of Rs. 60,000,000 (Rupees Six crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    15 for0 against
  • To approve material related party transactions for Deputation of personnel to Avenue E-Commerce Limited, Subsidiary Company for a period commencing from 1st April, 2027 to 30th September, 2032, upto a maximum aggregate value of Rs. 100,000,000 (Rupees Ten crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    15 for0 against
3 proposals not matched to one resolution
  • To approve material related party transaction(s) for purchase of assets from Avenue E-Commerce Limited for the period from date of this meeting till the date of next Annual General Meeting and up to a maximum aggregate value of Rs. 50,000,000 plus applicable taxes, in the ordinary course of business of the Company and at arm’s length basis.MoreLess
    1 for0 against
  • To approve material related party transaction(s) for sale of assets to Avenue E-Commerce Limited for the period from date of this meeting till the date of next Annual General Meeting and up to a maximum aggregate value of Rs. 50,000,000 plus applicable taxes, in the ordinary course of business of the Company and at arm’s length basis.MoreLess
    1 for0 against
  • To approve material related party transaction(s) for sale of goods to Avenue E-Commerce Limited for the period from date of this meeting till the date of next Annual General Meeting and up to a maximum aggregate value of Rs. 35,000,000,000 plus applicable taxes, in the ordinary course of business of the Company and at arm’s length basis.MoreLess
    1 for0 against

Mutual fund votes, meeting of 20 Feb 2026, 29 fund houses

  • To appoint Mr. Anshul Asawa (DIN: 11400809) as Managing Director, designated as Chief Executive Officer of the Company, to hold office for a period of 3 (three) years from 1st April, 2026 till 31st March, 2029MoreLess
    Against Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, WhiteOak Capital Mutual Fund
    • Bank of India Mutual Fund, Canara Robeco Mutual Fund, Jio BlackRock Mutual FundAnshul Asawa, 54, joined Avenue Supermarts Limited as the CEO from 15 March 2025. Prior to that he was associated with Unilever for three decades and retired as Head of Country, Unilever Thailand and General Manager, Greater Asia, Home Care.We estimate his FY27 remuneration in the range of Rs. 224.0 – 290.0 mn, excluding stock options. He is eligible to be granted ESOPs, however there is no clarity on the quantum of options that may be awarded during his tenure. We note that the past executives have been granted ESOPs at a significant discount to the prevailing market price.Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. Further, there is no disclosure of the performance metrics that will determine his variable pay and ESOP vesting. While we support his appointment, we are unable to support his remuneration terms. We do not support the resolution.
    • Invesco Mutual FundAnshul Asawa, 54, joined Avenue Supermarts Limited as the CEO from 15 March 2025. Prior to that he was associated with Unilever for three decades and retired as Head of Country, Unilever Thailand and General Manager, Greater Asia, Home Care. We estimate his FY27 remuneration in the range of Rs. 224.0 – 290.0 mn, excluding stock options. He is eligible to be granted ESOPs, however there is no clarity on the quantum of options that may be awarded during his tenure. We note that the past executives have been granted ESOPs at a significant discount to the prevailing market price. Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. Further, there is no disclosure of the performance metrics that will determine his variable pay and ESOP vesting. While we support his appointment, we are unable to support his remuneration terms. We do not support the resolution
    • WhiteOak Capital Mutual FundAnshul Asawa, 54, joined Avenue Supermarts Limited as the CEO from 15 March 2025. We estimate his FY27 remuneration in the range of Rs. 224.0 – 290.0 mn, excluding stock options. He is eligible to be granted ESOPs, however there is no clarity on the quantum of options that may be awarded during his tenure.Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. While we support his appointment, we are unable to support his remuneration terms. We do not support the resolution.
    24 for5 against
6 earlier meetings

Mutual fund votes, meeting of 12 Aug 2025, 29 fund houses

  • To receive, consider and adopt the Audited financial statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2025 together with Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    29 for0 against
  • To re-appoint a Director in place of Mrs. Manjri Chandak (DIN: 03503615), who retires by rotation and being eligible, offers herself for re-appointment.
    29 for0 against
  • To re-appoint a Director in place of Mr. Ramakant Baheti (DIN: 00246480), who retires by rotation and being eligible, offers himself for re-appointment.
    29 for0 against
  • To appoint Ms. Rita Teaotia (DIN: 02876666) as an Independent Director of the Company for a period of 3 (three) years commencing from 20th June, 2025 to 19th June, 2028.
    29 for0 against
  • To appoint M/s. Rathi and Associates, a firm of Practising Company Secretaries as Secretarial Auditors of the Company, for a term of 5 (five) consecutive financial years commencing from 1st April, 2025 till 31st March, 2030.MoreLess
    29 for0 against
  • To approve material related party transactions for sale of goods to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 35,000,000,000/- (Rupees Three Thousand Five Hundred crores only) plus applicable taxes.MoreLess
    29 for0 against
  • To approve material related party transactions for sale of assets to Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    29 for0 against
  • To approve material related party transactions for purchase of assets from Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 50,000,000/- (Rupees Five crore only) plus applicable taxes.MoreLess
    29 for0 against
  • To approve material related party transactions for further investment in the share capital of Avenue E-Commerce Limited, Subsidiary Company for the period from date of this meeting till the date of next Annual General Meeting, up to a maximum aggregate value of Rs. 5,000,000,000/- (Rupees Five Hundred Crore only).MoreLess
    29 for0 against

Mutual fund votes, meeting of 4 Dec 2024, 25 fund houses

  • 1 - To appoint Mr. Bhaskaran N (DIN: 10808853), Chief Operating Officer - Retail as the Whole-Time Director of the Company for a period of two years with effect from 17th October, 2024.
    Against Bank of India Mutual Fund, DSP Mutual Fund, Invesco Mutual Fund, Navi Mutual Fund
    • Bank of India Mutual Fund, DSP Mutual Fund, Navi Mutual FundBhaskaran N, 56, is Chief Operating Officer - Retail. He joined the Company on 7 May 2008 as Vice President-HR. Prior to this, he worked with TCL India Holdings Private Limited and Birla Sun Life Distribution Company Limited. He has over 30 years of experience in corporate secretarial functions, operations, supply chain management and human resource management. The company seeks to appoint him as Whole-Time Director for two years from 17 October 2024 (liable to retire by rotation) and fix his remuneration. The maximum proposed fixed and variable remuneration is Rs. 70.0 mn. We are unable to estimate his aggregate remuneration as the company has not disclosed the quantum of stock options that may be granted to him over his tenure. There is no disclosure on the performance metrics that will govern his variable remuneration and grant of options. Although we support his appointment, we are unable to support his remuneration terms. Therefore, we do not support the resolution.
    • Invesco Mutual FundBhaskaran N, 56, is Chief Operating Officer - Retail. He joined the Company on 7 May 2008 as Vice President-HR. Prior to this, he worked with TCL India Holdings Private Limited and Birla Sun Life Distribution Company Limited. He has over 30 years of experience in corporate secretarial functions, operations, supply chain management and human resource management. The company seeks to appoint him as Whole-Time Director for two years from 17 October 2024 (liable to retire by rotation) and fix his remuneration. The maximum proposed fixed and variable remuneration is Rs. 70.0 mn. We are unable to estimate his aggregate remuneration as the company has not disclosed the quantum of stock options that may be granted to him over his tenure. There is no disclosure on the performance metrics that will govern his variable remuneration and grant of options. Although we support his appointment, we are unable to support his remuneration terms. Therefore, we do not support the resolution. This is in line with our ESG framework
    21 for4 against

Mutual fund votes, meeting of 29 Aug 2024, 24 fund houses

  • To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    24 for0 against
  • To appoint a Director in place of Mr. Elvin Machado (DIN: 07206710), who retires by rotation and being eligible, offers him self for re-appointment.
    24 for0 against
  • To approve material related party transactions for sale/ purchase of goods, materials and assets between the Company and Avenue E-commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with Law. Governance Concern: No clarity on how certain RPTs fall within ordinary course of business.
    21 for3 against
  • To approve material related party transaction for further investment in share capital of Avenue E-commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 2,500,000,000 (Rupees Two Hundred and Fifty crore only).MoreLess
    24 for0 against
  • To approve material related party transaction for sharing ofturnover generated from premises of the Company by Avenue E-commerce Limited, Subsidiary Company for a period commencing from 1st April, 2025 to 30th September, 2028, upto a maximum aggregate value of Rs.200,000,000 (Rupees Twenty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    24 for0 against
  • To approve material related party transaction for leasing premises to Avenue E-commerce Limited, Subsidiary Company for a period commencing from 1st April, 2025 to 30th September, 2028, upto a maximum aggregate value of Rs. 600,000,000 (Rupees Sixty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    24 for0 against

Mutual fund votes, meeting of 23 Feb 2024, 24 fund houses

  • To appoint Mr. Harishchandra M. Bharuka (DIN: 00306084) as an Independent Director of the Company for a period of five years commencing from 13th January, 2024
    24 for0 against

Mutual fund votes, meeting of 10 Aug 2023, 18 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    18 for0 against
  • To appoint a Director in place of Mr. Ramakant Baheti (DIN: 00246480), who retires by rotation and being eligible, offers himself for re-appointment.
    15 for0 against
  • To re-appoint Mr. Ramakant Baheti (DIN: 00246480) as Whole-time Director of the Company for a period of five years with effect from 1st May, 2024.
    15 for0 against
  • To re-appoint Mr. Elvin Machado (DIN: 07206710) as Whole-time Director of the Company for a period of 3 (three) years with effect from 10th June, 2024.nn
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The board independence norms are not met (after our re-classification) and Elvin Machado is a non-independent director nominee. • There is no disclosure on the amount of stock options that the executive is entitled to receive during his tenure.
    17 for1 against
  • To approve material related party transactions for sale/ purchase of goods, materials and assets between the Company and Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    18 for0 against
  • To approve material related party transaction for further investment in share capital of Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 3,500,000,000 (Rupees Three Hundred and Fifty crore only).MoreLess
    18 for0 against
  • To approve Avenue Supermarts Limited Employee Stock Option Scheme 2023 for grant, offer, issue and allot employee stock options not exceeding 1,500,000 (Fifteen lakh) to eligible employees of the Company under the said Scheme.nMoreLess
    Against HDFC Mutual Fund, HSBC Mutual Fund
    • HDFC Mutual FundESOPs are being granted at a significant discount to market price
    • HSBC Mutual FundA vote AGAINST these resolutions is warranted because: • The scheme permits stock options to be issued with an exercise price at a discount to the current market price. • The exact performance targets for vesting have not been disclosed. • The scheme provides for accelerated vesting of unvested options on cessation of employment due to superannuation/retirement, without pro-rating them for the time served by the employee and subjecting them to achievement of performance conditions.
    11 for2 against
  • To extend the employee stock options to eligible employees of subsidiary(ies) company(ies) by granting, offering, issuing and allotting the options under Avenue Supermarts Limited Employee Stock Option Scheme 2023 as referred to in Resolution No.7MoreLess
    Against HDFC Mutual Fund, HSBC Mutual Fund
    • HDFC Mutual FundESOPs are being granted at a significant discount to market price
    • HSBC Mutual FundA vote AGAINST these resolutions is warranted because: • The scheme permits stock options to be issued with an exercise price at a discount to the current market price. • The exact performance targets for vesting have not been disclosed. • The scheme provides for accelerated vesting of unvested options on cessation of employment due to superannuation/retirement, without pro-rating them for the time served by the employee and subjecting them to achievement of performance conditions.
    12 for2 against
9 proposals not matched to one resolution
  • 7) Approve Avenue Supermarts Limited Employee Stock Option Scheme 2023 (ESOP Scheme 2023) under which 1.5 mn stock options may be granted.
    1 for0 against
  • 8) Approve the extension of Avenue Supermarts Limited Employee Stock Option Scheme 2023 (ESOP Scheme 2023) to employees of present and future subsidiaries.
    1 for0 against
  • Approve Avenue Supermarts Limited Employee Stock Option Scheme 2023 (ESOP Scheme 2023) under which 1.5 mn stock options may be granted
    3 for0 against
  • Approve Reappointment and Remuneration of Ramakant Baheti as Whole-time Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The board independence norms are not met (after our re-classification) and Ramakant Baheti is a non-independent director nominee. • The company has not provided any guidance on the quantum of variable pay that the director is eligible to receive.
    0 for1 against
  • Approve the extension of Avenue Supermarts Limited Employee Stock Option Scheme 2023 (ESOP Scheme 2023) to employees of present and future subsidiaries
    3 for0 against
  • Reappoint Ramakant Baheti (DIN: 00246480) as Director, liable to retire by rotation
    2 for0 against
  • Reappoint Ramakant Baheti (DIN 00246480) as Whole time Director for five years from 1 May 2024, liable to retire by rotation and fix his remuneration
    2 for0 against
  • Reelect Ramakant Baheti as Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met (after our re-classification) and Ramakant Kanhaiyalal Baheti is a non-independent director nominee.
    0 for1 against
  • To approve Avenue Supermarts Limited Employee Stock Option Scheme 2023 (ESOP Scheme 2023) for grant of Options to eligible employees of the Company under the ESOP Scheme 2023.
    1 for0 against

Mutual fund votes, meeting of 17 Aug 2022, 18 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • 1 - To receive, consider and adopt Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2022 togethern with Reports of the Board of Directors and Auditors thereon.MoreLess
    18 for0 against
  • 2 - To appoint Director in place of Mrs. Manjri Chandak (DIN: 03503615), who retires by rotation and being eligible, offers herself for re-appointment.
    Against SBI Mutual Fund
    • SBI Mutual FundWe observe that there are 7 Board of Directors (BODs), out of which 3 are classified as Independent Directors (ID). We notice that Mr Ramesh Damani, ID and Chairperson, has been on the board of Avenue Supermarts since last 13 years. Under SBIMF’s framework, long tenured IDs i.e. more than 10 years on the board of any company are not considered independent in spirit. Hence, as per our framework, there are only 2 independent directors of the total 7 BODs (i.e. 29%). SEBI LODR (2015) mandates 33% independence on the board if the chairman of the board is independent. SBI Mutual Fund’s internal guideline does not allow us to vote in favour of appointment/re-appointment of the promoter director/promoter representatives if the board does not meet the 50% independence criteria, which is in line with best practices of Kotak Committee Recommendations. We wish to re-iterate that we have no doubts in the capabilities of Ms. Manjri Chandak. Our sole objection is that the board does not have 50% independence because of which we are unable to support the resolution.
    17 for1 against
  • 3 - To re-appoint S R B C & Co LLP, Chartered Accountants for a period of five years from the conclusion of this Annual General Meeting till the conclusion of 27th Annual General Meeting of the Company.MoreLess
    Against Kotak Mahindra Mutual Fund, Nippon India Mutual Fund
    • Kotak Mahindra Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR as basis of recommendation is not disclosed.
    • Nippon India Mutual FundInadequate disclosure
    16 for2 against
  • 4 - To re-appoint Ms. Kalpana Unadkat (DIN:02490816) as an Independent Director for a second consecutive term of five years with effect from 30th July, 2023.
    Against Bank of India Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
    • Bank of India Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual FundMs. Kalpana Unadkat, 51, is a solicitor and a senior partner at Khaitan & Co. She is serving on the board since 30 July 2018. Khaitan & Company received professional fees from Avenue Supermarts Ltd in FY22, which creates a conflict of interest. Thus, we do not consider Kalpana Unadkat to be an Independent Director on the board of Avenue Supermarts Ltd.
    15 for3 against
  • 5 - To approve material related party transaction for sale/ purchase of goods, materials and assets between the Company and Avenue E-Commerce Limited, Subsidiaryn Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 29,000,000,000 (Rupees Two Thousand Nine Hundred crore only) plus applicable taxes.MoreLess
    18 for0 against
  • 6 - To approve material related party transaction for further investment in share capital of Avenue E-Commerce Limited, Subsidiary Company from date of this meeting till the date of next Annual General Meeting, upto a maximum aggregate value of Rs. 3,500,000,000 (Rupees Three Hundred and Fifty crore only).nMoreLess
    18 for0 against
  • 7 - To approve material related party transaction for Management & Business Support Services including deputation of personnel with Avenue E-Commerce, Subsidiary Company for a period of five years commencing from financial year 2022-23 to financial year 2026-27, upto a maximum aggregate value of Rs. 130,000,000 (Rupees Thirteen crorne only) plus applicable taxes on an annual basis during the said period.MoreLess
    18 for0 against
  • 8 - To approve material related party transaction for sharing of turnover generated from premises of the Company by Avenue E-Commerce Limited, Subsidiary Company for a period of three years commencing from financial year 2022-23 to financial year 2024-25, upto a maximum aggregate value of Rs. 200,000,000 (Rupees Twenty crore only) plus applicable taxes on an annual basis during the said period.nMoreLess
    18 for0 against
  • 9 - To approve material related party transaction for leasing premises to Avenue E-Commerce Limited, Subsidiary Company for a period of three years commencing from financial year 2022-23 to financial year 2024-25 upto, a maximum aggregate value of Rs. 600,000,000 (Rupees Sixty crore only) plus applicable taxes on an annual basis during the said period.MoreLess
    17 for0 against
1 proposal not matched to one resolution
  • To approve material related party transaction for leasing premises to Avenue E-Commerce Limited for a period of 3 (three) years commencing from financial year 2022-23 to financial year 2024-25 upto a maximum aggregate value of Rs.600,000,000 in the ordinary course of business of the Company.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyInspector, Greater Noida Industrial Development AuthoritySince 8 Jul 2026

    Penalty of Rs. 21,000 has been Imposed on the Company.

    Waste generated outside the store was not being properly segregated and that the bulk waste disposal system needed improvement in accordance with the Solid Waste Management Rules, 2016 read with Solid Waste Management Rules, 2026.MoreLess
  • Fine or penaltySanitary Inspector, North Zone - Ward No - 1, Sanitation Department, Gandhinagar Municipal Corporation, GujaratSince 7 Jul 2026

    Penalty of Rs.5,000 has been Imposed on the Company.

    Penalty has been levied for alleged deficiency with respect to cleanliness at one of the Company's stores.
  • Fine or penaltyDistrict Consumer Disputes Redressal Commission, Jaipur IV, RajasthanSince 12 Jul 2026

    Penalty of Rs.8,482 has been levied on the Company.

    The order was issued in respect of a complaint filed by a customer alleging unfair trade practice for a product sold at one of the Company's stores.
  • Fine or penaltyLegal Metrology Officer, Legal Metrology (Weights and Measures) Department, Civil Lines, Agra, Uttar PradeshSince 20 Jul 2026

    The Company has been directed to pay Penalty of Rs. 50,000/-

    Alleged violation of Section 18(1) and 49 read with Rule 8 Legal Metrology (Packaged Commodities) Rules, 2011.
  • Fine or penaltyState Consumer Disputes Redressal Commission, Ahmedabad, GujaratSince 21 Jul 2026

    Penalty of Rs. 16,008/- has been levied on the Company.

    The order was issued in respect of a complaint filed by a customer alleging unfair trade practice and deficiency in service for a product sold at store of the Company.
  • Fine or penaltyAssistant Commissioner or Ward Officer, D-Ward Office, Turbhe, Navi Mumbai Municipal Corporation (NMMC)Since 18 Aug 2026

    Penalty of Rs.3,00,000 has been levied on the Company.

    Penalty was imposed for non-compliance of air/noise pollution guidelines issued by NMMC at a construction site of the Company.
  • Fine or penaltySanitary Inspector, Solid Waste Management Department, Ahmedabad Municipal CorporationSince 19 Aug 2026

    The Company has been directed to pay penalty of Rs.10,000

    Penalty has been levied for alleged deficiencies with respect to cleanliness at one of the Company's stores.
  • Fine or penaltyHealth Department, Surat Municipal CorporationSince 22 Aug 2026

    Authority has imposed a monetary penalty of Rs. 5,000/-

    Penalty has been levied for alleged deficiencies with respect to cleanliness at a store of the Company.
7 more
  • Fine or penaltyHealth Inspector, Kosad Unit, North Zone, Surat Municipal Corporation (SMC)Since 25 Aug 2026

    Penalty of Rs.15,500 has been levied on the Company

    Penalty was imposed for Violation of guidelines issued by Authority to prevent mosquito breeding at one of the Company's stores.
  • Fine or penaltyDistrict Consumer Disputes Redressal Commission Barnala PunjabSince 8 Sep 2026

    Penalty of Rs. 20,000 has been Imposed on the Company.

    The order was issued in respect of a complaint filed by a customer alleging unfair trade practice and deficiency in service for a product sold at one of the Company's stores.
  • Fine or penaltyDistrict Consumer Disputes Redressal Commission, ThiruvallurSince 9 Sep 2026

    Penalty of Rs. 12,500 has been Imposed on the Company.

    The order was issued in respect of a complaint filed by a customer alleging unfair trade practice and deficiency in service for a product sold at a store of the Company.
  • Fine or penaltyDistrict Consumer Disputes Redressal Commission, Jaipur - II, RajasthanSince 24 Sep 2026

    Penalty of Rs.3,000 has been Imposed on the Company.

    The order has been issued in respect of complaint filed by a customer alleging overcharging for a product sold at one of the Company's stores.
  • Fine or penaltyDistrict Legal Metrology Officer, Medchal, TelanganaSince 28 Sep 2026

    Penalty of Rs. 10,000 has been Imposed on the Company.

    Penalty has been imposed for alleged violation of certain provisions of the Legal Metrology Act, 2009 and Rules made thereunder.
  • Fine or penaltyDistrict Consumer Disputes Redressal Commission (DCDRC) at Kalaburagi, KarnatakaSince 30 Sep 2026

    Penalty of Rs. 41,300 has been Imposed on the Company.

    The order was issued in respect of a complaint filed by a customer alleging deficiency in service for a product sold at one of the Company's stores.
  • Tax disputeAssistant Commissioner of State Tax, MaharashtraSince 2 Sep 2024
    The 1st Appellate Authority decided the matter against the company. The company has filed the second appeal before GSTAT
    At the filing before: The company received various demand orders under Section 73 of the CGST/SGST Act, 2017, due to alleged misclassification of certain goods and non-payment of tax on certain services for the period from July 2017 to March 2018, FY 2018-19, FY 2019-20, FY 2020-21 and FY 2021-22. The aggregate amount for said dispute is Rs. 178.01 crore. The company intimated these orders within the prescribed timelines.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.