V-Mart Retail Limited — Others, 23-06-2025: Disclosure under SEBI Takeover Regulations

Mr. Lalit Agarwal has announced a board meeting to discuss the financial results for the quarter and half-year. Separately, he has been involved in multiple inter-se share transfers within promoter family entities, increasing his stake in V-Mart Retail Limited. These include the indirect acquisition of additional equity shares and compulsory convertible debentures of Conquest Business Service Pvt. Ltd., the promoter entity holding 37.75% of V-Mart, through gift transactions with immediate relatives. He also directly acquired equity shares from promoter relatives without consideration, cumulatively increasing his direct shareholding to approximately 6.46%. These transfers do not involve any cash consideration and reflect internal consolidation among promoter group members, maintaining promoter control while simplifying shareholding patterns.