Interim report
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VISHAL MEGA MART LIMITED (Formerly known as Vishal Mega Mart Private Limited) Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184 Udyog Vihar, Phase – 1, Gurugram, Haryana-122016, India. Phone: +91-124-4980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com CIN: L51909HR2018PLC073282 Date: October 21, 2026 To National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 NSE Scrip Symbol: VMM To BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 544307 Dear Sir/ Madam, Subject: Outcome of Board Meeting held on October 21, 2026 in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that based on the recommendation of the Audit Committee, the Board of Directors of Vishal Mega Mart Limited (‘the Company’) at its meeting held today, i.e. October 21, 2026, inter alia , has considered and approved, the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 (‘Financial Results’) and noted the Limited Review Report s on such Results issued by M/s. Walker Chandiok & Co LLP, Chartered Accountants, (Firm Registration No. 001076N/N500013), Statutory Auditors of the Company. A copy of such Financial Results along with the Limited Review Reports are enclosed herewith. The meeting commenced at 11.50 AM (IST), and concluded at 12.55 PM (IST). The above information will also be hosted on the website of the Company, i.e., https://aboutvishal.com/ . You are kindly requested to take the same on record. Thanking you. For Vishal Mega Mart Limited _______________________ Rahul Luthra Company Secretary & Compliance Officer ICSI Membership No: F9588 Encl.: As above
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Vishal Mega Mart Limited Corporate & Regd. OfFice: 5th Floor. Platinum Tower. Plot No. 184, L'dyog Vihar, Phase1, Gurugram. Haryana-122016 Phone: +91-1244980000 Fax: +91-124-498000 ] Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com, CIN: L51909HR2018PLC073282 L'naudited Consolidated Financial Results for the quarter and half year ended 30 September 2026 ( All amounts are in crores of' Trtpees unless otherwise stated) Particulars I Income Revenue from operations Other income Total income 11 Expenses Purchases of stock-in-trade Changes in inventories of stock-in-trade Employee benefits expense Depreciation and amortisation expenses Finance costs Other expenses Total expenses III Profit before tax (1-I1) IV V VI Tax expense: Culr'ent tax Deferred tax Total tax expense Profit for the period/year (III- IV) Other comprehensive income/(loss) Items that will not be reclassified to profit or loss - Rcmcuuremcnt (loss), inconre on defined benefit obligations Income-tax relating to items that will not be reclassiflcd to profit or loss Other comprehensive (loss)/income for the period/ year. net of tax VII Total comprehensive income for the period/year, net of tax (V+VI) Profit for the period/year attributable to: Owners of the Holding Company Other comprehensive loss attributable to: Owners of the Holding Company Total comprehensive income attributable to: Owners of the Holding Company VIII Paid-up equity share capital (face value of Rs. 10 each) IX Other equity X Earnings per equity share (face value of Rs. 10 each)* - Basic ( Rs. ) - Diluted ( Rs. ) * Earnings per share not anuualised elcept for the year ended 31 March 2026 artcr ended 30 June 2026 (Unaudited) 30 September 2026 (Unaudited) 3.398.53 38.39 3.436.92 2.873.42 (424.97) 222.99 191.93 47.19 3 ] 5.05 3,225.61 211.31 70.81 ( 1 7.38) 53.43 157.88 (0.39) 0.10 HO W7 157.88 (0.29) 157.59 4.684.81 0.34 0.34 3,727.01 33.14 3,760. IS 2,53 1 .38 126.78 2 14,43 185.48 46.33 309.79 3,414.19 345.96 96.70 (9.51) 87.19 258.77 (I. 19) 0.30 :0.89) M 258.77 (0,89) 257.88 4,676.38 0.55 0.55 e,' hND/ \I $no+ + l C ACCa For the half \ car ended 30 September 2026 1 30 September 2025 (Unaudited) [ (Unaudited) 30 September 2025 (Unaudited) 2.98 1 .49 20, 1 8 3.001 .67 2,656.40 (518.00) 176. 1 1 169. 13 41.23 272.43 2,797.30 204.37 68.64 ( 16.58) 52.06 152.3 1 0.37 0.09) 0.28 W2 152.3 1 0,28 152.59 4,671 .07 0.33 0.32 qMWQ 7.125.54 71.53 7.197.07 5 ,404.80 (298.19) 437.42 377.41 93.52 624.84 6,639.80 557.27 1 67.5 1 (26.89) 140.62 416.65 ( 1 .58) 0.40 Wl Ul 416.65 (1.18) 415.47 4,684.81 o. 89 0.88 For the year ended 31 March 2026 ( Audited) 6, 131.81 6, 158.99 4.750.28 (362.87) 347.22 328.22 82.37 533.zH 5,678.66 480.33 148.58 (26.63) 121.95 358.38 ( 1 .93 ) C).49 dI EIM981 358.38 ( 1 .44) 356.94 4,671.07 0.77 0.77 12,906.32 86.29 12,992.61 9,404.45 ( 1 66.22 ) 728.33 673.42 1 7 1 .48 1 ,056. 14 8 1, 125.01 309.82 ( 24.04) 285.78 839.23 (2.00) ' 1 .50) U3 839.23 ( 1 .50) 837.73 4,673. 12 2,740.14 1.80 1 .79
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Vishal Mega Mart Limited Corporate & Regd. Office: Sth Floor, Platinum Tower, Plot No. 184, Udyog Vihar, Phase-1) Gurugram9 Haryana_122016 Phone: +91-1244980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com, CIN: L51909HR2018pLC'073282 Unaudited Consolidated Statement of Assets and Liabilities (ALI amounts are in crores of rupees unless othelvvise stated) Particulars A 1 Assets Non-current assets Propcrty, plant and equipment Capital work-in-progress Right-oFusc assets Goodwill Other intangible assets Financial assets (i) Other financial assets Deferred tax assets Non-current tax assets (net) Other non-current assets Total non-current assets 11 Current assets Inventories Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Other financial assets Other current assets Total current assets o B 1 Equity and liabilities Equity Equity share capital Other equity Equity attributable to shareholders of the Holding Company Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities Provisions Total non-current liabilities 11 111 Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables Total outstanding dues of micro enterprises and small enterprises; and Total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities (11+II1) o ega k, +aS ++ In nb la b.?; VnEnEa ;\s at 30 September 2026 Unaudited As at 31 March 2026 Audited 830.25 45.85 1 ,897.01 4,283.63 22.81 113.01 283.13 33.70 10.05 7,519.44 2,315.81 1.888.38 19.35 278.84 160.74 36.66 422.62 5,122.40 12,641.84 4,684.81 3.2 1 1.34 7,896.15 7,896.15 1 ,503 .92 53.52 1 ,557.44 619.00 1,195.13 990.81 91.20 62.88 32.21 197.02 3,188.25 4,745.69 12,641.84 795.89 33.62 1 ,784.43 4,283.63 17.80 1 08.23 255.84 30.78 5.83 7,3 16.05 2,01 7.04 1,119.04 27.82 530.03 64.85 23.65 350.95 WI 11,449.43 4,673.12 2,740. 14 7,413.26 7,413.26 1 ,407.23 47.48 W4 580.75 944.84 673.96 78.08 86.42 28.25 189.16 2,581.46 4,036.17 11.449.43
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Vishal Mega Mart Limited Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184, Udyog \’ihar, Phase-l9 Gurugramq Haryana_122016 Phone: +91-1244980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com9 (-IN: L51909HR2018pLc073282 Unaudited Consolidated Statement of Cash Flows ’All amounts are in crores o+'rupees unless otherwise stated, For the half year ended 30 September 2026 Unaudited) Particulars Cash flows from operating activities Net profit before tax A. Adjustments for : Depreciation and amortisation expenses Loss on disposal of property, plant and equipment (net) Gain on fair valuation of investments Gain on sale of investments Interest income Liabilities no longer required, written back Gain on modification of leases Finance costs Share based payment expense Operating profit before working capital changes Adjustments for : Decrease in trade receivables ( Increase) in inventories (Increase) in other financial assets (Increase) in other assets Increasc in trade payablcs (Decrease) in other liabilities Increase in provisions Increase/(decrease) in financial liabilities Cash generated from operations Income-tax paid (net Ncash]eneratem-ilm C Cash flows from investing activities Purchase of property, plant and equipment (including capital work-in-progress, capital advances and capital creditors) Proceeds from disposal of property, p]ant and equipment Placement of fixed deposits Proceeds from redemption of fixed deposits Investment in mutual funds Proceeds from sale of mutual funds Interest received Net cash used in investing activities B. C. Cash flows from financing activities Proceeds from issue of equity shares (including securities premium) Payment of principal portion of lease liabilities Payment of interest portion of lease liabi]ities t Net decrease in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Cash and cash e@alents at the end of the period ;l5ND/\?{ b\IT t+- rD + It Ll 'D ACCa VaEEH MEGA MART For the half year ended 30 September 2025 (Unaudited) 557.27 377.41 0.66 (17.41 } (4 1 .94) (9.0 1 ) (9.81 ) (3.00) 93.52 26.89 974.58 8.47 (298.77) (6. 19) (7 1 .50) 576.96 (23.96) 8.81 5.04 1 , 173.44 1 62.59) 1 ,010.85 ( 156.87) 0.39 ( 155.46) 53.42 (2.115.00) 1 ,405.00 3.56 Wm 40.54 (247.78) 89.84' ?97.08) (251.19) 278.84 480.33 328.2 1 0.48 (9.82) ( 18.38) (7.38) (1.70) ( 1 .44) 82.37 25.20 877.87 43.5 1 (363.34) (0.30) (44.04) 608.18 (180.63) 6.18 (6.83 ) 940.(mI 144.8 1 795.79 ( 140.20) 1.81 (2.68) ( 1 ,589.95) 1 ,04 1 .00 4.41 [685.61 114.58 (224.43) (82.37) '192.22 (82.04) 396.96 314.92
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Notes to statement of unaudited consolidated financial results for the quarter and half year ended 30 September 2026: 1. 2 3 The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 October 2026. The statutory auditors of the Holding Company have conducted limited review of these unaudited consolidated financial results pursuant to regulation 33 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 as amended These unaudited consolidated financials results have been prepared in accordance with Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations9 2015 (as amended) During the half year ended 30 September 2026, the Nomination & Remuneration Committee of the Holding Company granted stock options to the Eligible Employees of the Holding Company under Vishal Mega Mart Employees Stock Options Plan 2019, as per the details below: 1. on 01 April 2026, 08 June 2026 and 15 June 2026 grant of 5,00,000, 1.00,000 and 9,75,000 options at exercise price of Rs 105.00, Rs 1 18.00 and Rs 119.00 per option respectively. 2. on 2 1 August 2026 grant of 4,68,00.000 options at exercise price of Rs 102.60 per option. 4 Based on the ''management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker ('CODM’) does the evaluation of the Holding Company’s perfonnance at an overall level as one segment. For and on behalf of the Board of Dir Vishal Mega Mart Limited :ctors of Q hND/ \IT f=r-Dt tende mr Director & CEO ID ACC DIN : 0 1 927304 Place: Gurugram Date: 21 October 2026
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP 21- Floor, DLF Square Jac3mnd3 M3rg, DLF Phase II Gurugmm – 122 o(32 India T +91 124 4628099 F +gl 324 4628001 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Vishal Mega Mart Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Vishal Mega Mart Limited 1 We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement’) of Vishal Mega MaN Limited ('the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group’), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company’s management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 ('the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statementbased 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. 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 the Standards on Auditing specified under section 143(10) of the Act, 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. 9wrformed procedures in accordance with the circular issued by the Securities and Exchange I”) under Regulation 33 (8) of the Listing Regulations, to the extent applica Ch8nered Acaountants Wajqar Ch8adhk & Co _LP ia m$st8red with lkniinl liability with ideratfxntion rwntwAA€:)'2685 and its agjgjned Ofitn at i_41 Ccrarwu91W (:kCJ s, New t>gbl. 110(ni, India atIi aS in B8ngalutu. Chandi9arh, C)tunnai, Guugr9m, Hyderabad, KuSI, Kalkal3. Mumbai, New Delhi. Naida arId Pua3
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Walker Chandiok &Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Vishal Mega Mart Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) 4. Based on our review conducted and procedures performed as stated in paragraph 3 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 Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The Statement includes the interim financial results of 2 subsidiaries, which has not been reviewed by their auditors, whose interim financial results reflects total assets of t 0.01 crores as at 30 September 2026, and total revenues of Nil and Nil, net loss after tax of Nil and ? (0.88) crores, total comprehensive loss of Nil and ? (0.88) crores for the quarter and year-to-date period ended 30 September 2026 respectively, net cash flow of ? (0.88) crores for the period ended 30 September 2026 as considered in the Statement, and have been furnished to us by the Holding Company’s management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the interim financial results certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration OOI076N/N50001 3 \He ai ACC 2GOSSnYLyfLNVT05– K) Neeraj Goel Partner Membership No. 99514 UDIN: Place: Gurugram Date: 21 October 2026 Chartered Accountants
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Walker Chandiok &Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Vishal Mega Mart Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) Annexure 1 List of entities included in the Statement Holding Company Vishal Mega Mart Limited Subsidiary companies 1. Airplaza Retail Holdings Private Limited; 2. Vishal Ecommerce Private Limited; 3. Vishal Mega Mart CSR Trust Chartered Accountants
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Vishal Mega Mart Limited Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184, Udyog \’ihar, Phase1. Gurugram. Harvana_122016 Phone: +91.1244980000 Fax: +91- 124-4980001 Email: secretarial@ vishalwholesale.co.in, Website: www.aboutvishaI.com, ('lx: L51909HR2018pl('....'073282 Unaudited Standalone Financial Results for the quarter and half year ended 30 September 2026 ( All arnounts are in crores o,T' I'upees unless otltenb’ise stated) Particulars I Income Revenue Rom operations Other income Total income 11 Expenses Purchases of stock- in-trade Changes in inventories of stock-in-trade Employee benefits expense Depreciation and amortisation expenses Finance costs Other expenses Total expenses III Profit before tax (1-11) 1\ Tax expense: Current tax Defcn'cd tax Total tax expense Profit for the period/vear (Ill-IV)V VI Other comprehensive income/(loss) Items that will not be rcclassiHed to profit or loss - Rcmemuremcnt income/(loss ) on defined benefit obljgations Income-tax relating to items that will not be reclassified to pro6t or loss Other comprehensive income/(loss) for the period/year, net of tax Total comprehensive income for the period/year, net of tax (V+VI)VII VIII Paid-up equity share capital (face value of Rs. 10 each) IX X Other equity Earnings per equity share (face value of Rs. 10 each)+ • Basic (Rs.) - Diluted (Rs. ) * Earnings per share not anuualised except f'ol' the year ended 31 March 2026 For the quarter ended 30 September 2026 (Unaudited) 1 .990.09 32.99 2.023.08 1.683.83 (33.75) 53.33 46.75 3.90 48.38 1,802.44 220.64 63.67 (8.21 ) 55.46 165.18 0.11 0.03 ) 0.08 liM2:a 4,684.81 0.35 0.35 30 June 2026 (L'nauditcd) 30 September 2025 (Unaudited) 1 ,887.31 30.79 1,918.10 1 ,428.23 120.62 42.74 45.16 3.50 46.35 1 ,686.60 231 .50 63.70 5.39) 58.31 173.19 0.36 (0 0.27 IiBEER 4,676.38 0.37 p hND/ o 30 September 2026 1 30 September 202 (Unaudited) I (Unaudited) E (Audited) 1 ,746.29 16.75 1 ,763.04 1 .528.07 (68.55) 42.24 43.15 2.94 38.85 1 ,586.70 176.34 48.76 (3.88) 44.88 131.46 o.23 (0.06) 0.17 ®3 4.671 .07 0.28 0.28 VMMg 3.877.40 63.78 3.94 1 . 18 3.1 12.06 86.87 96.0'7 91.91 7.40 94.73 3.489.04 452.14 127.37 ( 13.60) 113.77 338.37 0.47 (0.12) 0.35 HI 4,684.81 0.72 0.72 3,415.55 31.23 3,446.78 2,800. 1 3 (25.70) 85.80 85.44 5.86 82.89 3,034.42 412.36 111.60 (7.30) 104.30 308.06 (0.30) 0.08 HO M 4,671.07 0.66 0.66 6,63 1 .38 70.8 1 6,702. 19 5.418.86 ( 117.39) 177.56 172.78 1 1 .76 1 60.88 5.824.45 877.74 237.61 ( 15.95 ) 221.66 656.08 0.69 0.17) 0.52 M6 4,673.12 2,354.01 1.41 1 .40 ACC
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Vishal Mega Mart Limited Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184, Udyog Vihar, Phase-1, (,urugram! Harvana_122016 Phone: +91-124-4980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboufvishal.com, Cbi: L51909HR2018pLc073282 Unaudited Standalone Statement of Assets and Liabilities fAll amounts are in crores of- rupees unless otherwise slaled) As at 30 September 2026 (Unaudited) Particulars A I Assets Non-current assets Property, plant and equipment Capital work-in-progress Right-of-use assets Goodwill Other intangible assets Financial assets (i) Investments in subsidiary (ii) Other financial assets Non-current tax assets (net) Other non-current assets Total non-current assets 11 Current assets Inventories Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Other financial assets Other current assets Total current assets o B I Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities Provisions Deferred tax liabilities (net) Total non-current liabilities 11 IIT Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables Total outstanding dues Total outstanding dues (iii) Other financial liabilities Other current liabilities Provisions Current tax liabilities (nct) Total current liabilities Total liabilities (II+IID of micro enterprises and small enterprises; and of creditors other than micro enterprises and small enterprises Total equity and liabilities (1+11+11D THREE MEGAMART As at 31 March 2026 (Audited) 427.93 22.44 147,95 3,614.23 520.54 74.76 7.50 1 1 .64 4.76 4,831.75 269.39 1 ,888.38 2, 1 04.63 42.24 154.72 2.53 19.75 4,481 .64 W 9 4,684.81 2,748.46 1433.27 172.83 14.39 60.39 247.61 6.79 897.09 382.59 38.71 15.38 94.93 197 , 02 1,632.51 1,88088 9,313.39 416.15 23.23 110.07 3,614.23 539.96 74.76 4.51 17.94 1.39 4,802.24 355.85 1,1 19.03 2,147.50 142.63 53.61 0.57 26.45 m4 W .88 4,673. 12 2,354.0 ] 7,027.13 131.33 13.40 73.87 2 1 8.60 1.95 737.57 313.28 51.83 33.31 75.05 189.16 1,402.15 1,620.76 8,647.88 NDt
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Vishal Mega I\lart Limited Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184, Udyog \’ihar+ Phase_1 s Gurugram9 Haryana_122016 Phone: +91-124-4980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com9 C-iN: L51909HR2018pl(..-'073282 Unaudited Standalone Statement of Cash Flows ( All amounts are in crores of lupees unless otherwise stated) o 30 September 2026 1 30 September 2025 (Unaudited) I (tnaudited) Particulars Cash flows from operating activities Net profit before tax Adjustments for : Depreciation and amonisation expenses Loss on disposal of property. plant and equipment (net) Gain on fair valuation of investments Gain on sale of investments Interest income Liabilities no longer required, written back Finance costs Share based payment expense Operating profit before working capital changes A. Adjustments for : Decrease in trade rcceivablcs Decrease/(increase) in inventories (Increase) in other financial assets Decrease in other assets Increase in trade payables (Decrease) in other liabilities Increase/(decrease) in provisions (Decrease) in financial liabilities Cash generated from operations Income-tax paid (net) e B. Cash flows from investing activities Purchase of propertY, plant and equipment (including capital work-in-progress, capital advances and capital creditors) Proceeds from disposal of property, plant and equipment Placement of fixed deposits Proceeds from redemption of fixed deposits Investment in mutual funds Proceeds from sale of mutual funds Interest received t C. Cash tlows from financing activities Proceeds hom issue of equity shares (including securities premium) Payment of principal portion of lease liabilities Payment of interest portion of lease liabilities d Net decrease in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period a 1e period ,P hND/ AC MaBEI MEGA MART - 452.14 91.91 0.63 (17.41 ) (4 1 .94) (4.27) (2.00) 7.40 24.79 511.25 44.96 86.46 (2.94) 6.89 230.84 (17.93) 21.34 ( 16.73) 864.14 ( 113.20) 750.94 (77.59) 0.22 ( 155.33) 53.42 (2, 1 1 5.00) 1 ,405.00 3.06 m8 40.54 (1.93) (3.72) 34.89 (100.39) 142.63 42.24 412.36 85.45 0.85 (9.81) (18.38) (2.88) (1.70) 5.86 22.71 494.46 22.85 (25.63) (0.70) 1 1 .49 303.06 ( 168.05) (22.22) (12.81) 602.45 (113.69) 488.76 (69.70) 0.84 (2.43) ( 1 ,589.94) 1,041 .00 3.82 W6 114.58 ( 1 .74) (5.86) 106.98 (20.67) 103.53 82.86
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Notes to statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026: 1. 2 3 The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 October 2026. The statutory auditors of the Company have conducted limited review of these unaudited standalone financial results pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 as amended These unaudited standalone financials results have been prepared in accordance with Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 {as amended) During the half Year ended 30 September 2026p the Nomination & Remuneration Committee of the Company granted stock options to the Eligible Employees of the CompanY under Vishal Mega Mart Employees Stock Options Plan 2019, as per the details below: I . on 01 April 2026, 08 June 2026 and 1 5 June 2026 grant of 5,00,000, 1,00,000 and 9,75,000 options at exercise price of Rs 105.00. Rs 118.00 and Rs 1 19.00 per option respectively. 2. on 21 August 2026 grant of 4,68,00.000 options at exercise price of Rs 102.60 per option. Based on the “management approach” as defined in Ind AS 108 – Operating Segmentsp the Chief Operating Decision Maker ('(.--'ODM’) does the evaluation of the Holding Company’s performance at an overall level as one segment. 4 For and on behalf of the Board of Directors of Vishal Mega Mart Limited ; a :ND.r_ 4\J.T fP lb+ +a P-u hEmrector & CEO 01 927304 Place: Gurugram Date: 21 October 2026 ID /,CC
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Walker Chandiok &Co LLP Walker Chandiak & Co LLP 216t Floor. DLF Square Jacaranda M3rg, DLF Phase II Gumgram – 122 002 india T +91 124 4628099 F +91 124 4628001 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Vishal Mega Mart Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Vishal Mega Mart Limited 1 We have reviewed the accompanYing statement of standalone unaudited financial results ('the Statement’) of Vishal Mega Mart Limited ('the Company’) for the quarter ended 30 September 2026 and the year to date results for the period 01 April 2026 to 30 September 20261 being submitted by the Company pdrsuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations’). 2. The Statement, which is the responsibility of the Company’s management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34’), prescribed Under set.tion 133 of the Companies Act, 2013 ('the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. 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-th-e Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying anaIYtical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters thai might be identified in an audit. Accordingly, we do not express an audit opinion. Ch8rB8red Accouat8nt8 Walcar Ch8ndhh & Go _LP is rWstered wi#1 limiEed liability with idm$$weon iwm tw AAC-21:IBS and its regi8tend office at H 1 Connaught CtnJ s, New t>$hi. t 10£H I , India GMa s in 88ngalutu, Chandt9ad\, Chennai, GuwgQm, Hydor8b8d, KtX#Ii. Kolkata. Mumbai, New Delhi, Ndda and Pun3
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Walker Chandiok&Co LLP Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Vishal Mega Mart Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont’d) 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 Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants OI076N/N50001 3Firm Registration Fo: C \ N a }DJ (D): \tI :( + b/I:: i RD ifaN> Neeraj Goel Partner Membership No. 99514 UDIN: 26c’Sg 51 q RAZ /VAc al.5- Place: Gurugram Date: 21 October 2026 Chartered Accountants