Vishal Mega Mart Share Price Gains Over 9%; Board Approves Gunender Kapur Reappointment as MD & CEO

On August 21, 2026, Vishal Mega Mart Limited, reappointed Mr. Gunender Kapur as Managing Director and CEO for a new 5-year term starting September 1, 2026, as per the exchange filings.  

Additionally, the board approved the grant of 4,68,00,000 stock options under its Employees Stock Options Plan 2019, as per the exchange filings. 

Reappointment of Gunender Kapur 

The board of Vishal Mega Mart has approved the reappointment of Mr. Gunender Kapur as Managing Director and CEO. His new 5-year term will commence on September 1, 2026, replacing his previous term that was set to expire on June 26, 2027. Mr. Kapur has also been redesignated as the Founder.  

The decision was recommended by the Nomination and Remuneration Committee and awaits shareholder approval. The board meeting took place from 07:45 P.M. to 07:59 P.M. IST, with Company Secretary Rahul Luthra signing the official document. 

Stock Options Grant 

Vishal Mega Mart's board has approved the grant of 4,68,00,000 stock options to an eligible employee under the Employees Stock Options Plan 2019. Each stock option can be converted into one fully paid-up equity share with a face value of ₹10.  

The exercise price is set at ₹102.60 per option. This move aligns with SEBI regulations, including the SEBI Share Based Employee Benefits and Sweat Equity Regulations 2021. 

Vishal Mega Mart Share Price Performance 

As of August 24, 2026, at 10:08 AM, Vishal Mega Mart share price on NSE was trading at ₹112.97, up by 9.22% from the previous closing price. 

Read More: LTM Share Price in Focus; Signs Deal to Acquire Randstad Digital Businesses! 

Conclusion 

Vishal Mega Mart's board has reappointed Gunender Kapur as MD and CEO for a 5-year term starting September 1, 2026. Additionally, the board approved a grant of 4,68,00,000 stock options under the ESOP 2019, with each option priced at ₹102.60. 

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