What the board approved
At its meeting on 11 July 2026, the board of Avenue Supermarts Limited (DMART) took several matters on record. It approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, carrying a limited review report from statutory auditors S R B C & Co LLP. The board also cleared an issuance of non-convertible debentures on a private-placement basis, in one or more tranches, and approved a set of senior-management moves. The results were reviewed and recommended by the Audit Committee before board approval.
The quarter's numbers
Both the standalone and consolidated results show revenue and net profit higher than the same quarter a year earlier, per the filing. On a consolidated basis, the auditor's review flags that one subsidiary reported a net loss after tax on revenues for the quarter — the gap between the standalone and consolidated profit lines. The company reported no separate reportable segment, describing itself as primarily engaged in retail trade through offline and online channels. The debt-equity ratio remained low, and the filing states the incremental liability from the New Labour Codes (effective 21 November 2025) was not material to the results.
Debentures and a management reshuffle
The board approved raising funds through NCDs on a private-placement basis, in one or more tranches. The filing separately details outstanding commercial paper across three ICRA A1+ rated issuances. On people, the board re-appointed Mr. Bhaskaran N as Whole-time Director designated Chief Operating Officer (subject to shareholder approval), appointed Mr. Lalit Ahuja as Chief Operating Officer within senior management from 13 July 2026, and re-designated Mr. Parvez Vandrewala from Chief Operating Officer to 'Head — Centre of Excellence' from 1 November 2026. The board also approved reclassifying Mr. Vijay Shankar Chandak from Promoter Group to Public category, subject to stock-exchange approval.