Avenue Supermarts Share Price in Focus; Appoints Kalpana Unadkat as Chairperson

Avenue Supermarts Limited has announced a significant leadership change with the appointment of Ms. Kalpana Unadkat as the new Chairperson. This decision was made during the Board of Directors meeting held on March 14, 2026. 

Leadership Transition at Avenue Supermarts 

Effective April 1, 2026, Ms. Kalpana Unadkat will assume the role of Chairperson at Avenue Supermarts. She succeeds Mr. Chandrashekhar Bhave, whose term as an Independent Director and Chairman will conclude on March 31, 2026. Mr. Bhave's second term as an Independent Director is set to end on May 16, 2026. 

Ms. Unadkat brings over 25 years of experience in corporate law, governance, and cross-border M&A transactions. Her expertise in corporate governance and regulatory frameworks is expected to enhance the board's effectiveness. 

Kalpana Unadkat's Professional Background 

Ms. Unadkat is a dual-qualified solicitor in India and the United Kingdom. She was previously a Senior Partner at Khaitan & Co and Co-Head of the India Practice at Ashurst, a London-based international law firm. Her experience advising global corporations on strategic joint ventures and cross-border M&A transactions will be invaluable to Avenue Supermarts. 

Impact on Corporate Governance 

Ms. Unadkat is recognised for her collaborative leadership style, promoting open dialogue and balanced deliberation. Her ability to synthesise complex regulatory, commercial, and governance considerations has been instrumental in supporting board oversight responsibilities. 

Read More: Avenue Supermarts Share Price in Focus; Expands with 8 New Store Openings! 

Contributions to Governance Leadership 

Beyond her professional advisory work, Ms. Unadkat has significantly contributed to advancing governance leadership in India. She engages with boards and senior executives on board effectiveness, leadership, and governance stewardship. Her mentorship has influenced over 200 directors and senior leaders, strengthening boardroom leadership and governance standards across organisations. 

Avenue Supermarts Share Price Performance  

As of March 13, 2026, at 3:30 PM, Avenue Supermarts share price on NSE was trading at ₹3,834.30 down by 3.02% from the previous closing price. 

Conclusion 

The appointment of Ms. Kalpana Unadkat as Chairperson marks a new chapter for Avenue Supermarts. Her extensive experience and expertise in corporate governance are expected to guide the company towards continued success. 

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