V-Mart Retail Limited — Share Issue/Capital Change 2021

Nov 8, 2021

Ref. No. CS/S/L-531/2021-22

8[th] November, 2021

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To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSE LTD “Exchange Plaza” Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Scrip Code: 534976 Scrip Code: VMART Fax: 022-22723121 Fax: 022-26598120 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in

Dear Sir/Madam,

Sub: Allotment of Equity Shares under the Company's ESOP Scheme. 2012

This is to inform that pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015 and subject to any other SEBI Regulations, the Nomination & Remuneration Committee in its meeting dated 8[th] November, 2021 has approved:

• Allotment of Equity Shares as detailed below upon exercise of Options by the employees under the Company's Employee Stock Options Scheme, 2012:

No. of equity shares allotted: 7,262 (Face Value of Rs. 10/-) Date of Allotment: 8[th] November, 2021

With the allotment of the above shares, the total number of equity shares of the Company stands increased from present level of 1,97,32,789 to 1,97,40,051 equity shares of Rs. 10/- each.

• Rectification in the Grant Price of the Employee Stock Options granted to an eligible employee wherein the grant price was inadvertently mentioned as Rs. 1,244 instead of Rs. 1,400 for grant of 7,617 Options passed by the Committee on 28[th] May, 2021. However, the date of the aforementioned grant and the terms of grant remains unchanged.

• Revocation of invalid grant of 5,187 options granted by the Committee in its meeting dated 10[th] August, 2021 and the same shall be available for grant to employee(s) as per the Employee Stock Option Plan, 2020 of the Company.

We request you to kindly take the above information on record.

Thanking you,

Yours Truly For V-Mart Retail Limited

MEGHA Digitally signed by MEGHA TANDON TANDON Date: 2021.11.08 14:38:49 +05'30'

Megha Tandon Company Secretary & Compliance Officer