President - Merchandising resigns, effective close of business hours on October 9, 2026

V-Mart Retail has informed the exchanges that Mr. Jayesh Kothari, President - Merchandising and a Senior Management Personnel, has resigned.

Mon 5 Oct 2026

Official resigning

Mr. Jayesh Kothari

Designation

President - Merchandising and a Senior Management Personnel

Resignation letter date

October 4, 2026

Effective date of cessation

close of business hours on October 9, 2026

Reason for resignation

health related reasons

V-Mart Retail Ltd has informed the stock exchanges about a change in its senior management — the resignation of Mr. Jayesh Kothari, President - Merchandising, who was designated as Senior Management Personnel of the Company.

Who is stepping down

• Mr. Jayesh Kothari held the position of President - Merchandising and was designated as a Senior Management Personnel of the Company.
• He tendered his resignation from this position through a resignation letter dated October 4, 2026.
• The reason recorded is health related reasons, as stated in his resignation letter.
• The resignation takes effect from the close of business hours on October 9, 2026.

Dates and sequence as set out in the update

• October 4, 2026: the resignation letter was submitted; the Company's intimation to the exchanges is dated 5th October, 2026.
• October 9, 2026: last day in the position, with cessation from the close of business hours.
• In his resignation letter, Mr. Kothari states he will complete the handover formalities by next week.

What the update also carries

• A table of the details required for a change in senior management, which repeats the name, the position, the reason for the change, and the effective date of cessation.
• The resignation letter itself, in which Mr. Kothari says he needs to focus on his health, has to go for daily treatments for the same, and may not be in office for the next couple of days as he has to undergo a tooth surgery on Saturday.

How to read this

• This is a change in management disclosure. It does not carry any revenue, profit, order or shareholding figure that a reader can weigh against the Company's financials.
• The exit is attributed to the personal health reasons stated by the departing official in his letter.
• The position being vacated is President - Merchandising, a Senior Management Personnel role, and the effective date of cessation is the close of business hours on October 9, 2026.

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