V-Mart Retail534976Reclassification update

Board approves two promoter group members' reclassification to public category

V-Mart Retail's board has approved requests from two Promoter Group members to be reclassified as 'Public' shareholders.

By ScoutQuest · Tue 3 Nov 2026, 5:30 PM IST · 1 min read

Board Meeting Date: 3rd November 2026
Raghav Agarwal Holding: 0 shares, 0% of shareholding
Ditya Agarwal Holding: 0 shares, 0% of shareholding

What the company told the exchanges

The board of V-Mart Retail met on 3rd November 2026 and considered and approved requests from two members of the Promoter Group to be reclassified from the 'Promoter Group' category to the 'Public' category. The company says this approval is subject to receipt of necessary approvals, including from BSE Limited and National Stock Exchange of India, and that it will make the applications in due course.

Who asked, and how much they hold

Raghav Agarwal: 0 shares, 0% of shareholding
Ditya Agarwal: 0 shares, 0% of shareholding
Total: 0 shares, 0%

Why the zero holding matters

Reclassification decides which category a shareholder sits in, not how many shares exist. Here both applicants hold 0 shares, so the total named in the update is 0 shares (0%).

Why the board approved it

The update states that the board noted that the applicants satisfy the conditions specified under Regulation 31A(3)(b) of the SEBI Listing Regulations. Under the LODR framework, reclassification of a promoter or promoter group member needs board approval, shareholder approval in certain cases, and stock exchange approval.

What happens next

The company will make the necessary applications to the exchanges. Until those approvals come in, the reclassification is approved by the board but not yet effective.

How a retail investor can read this

This is a housekeeping change in how two people are tagged in the company's shareholding records. The update names 0 shares and 0% against both, so the disclosed shareholding being reclassified is nil.

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