Vishal Mega Mart shares surge 12% after CEO’s reappointment

Vishal Mega Mart shares surged nearly 12% in intraday trade on Monday after the company announced the reappointment of MD and CEO Gunender Kapur for five years. Kapur's current three-year term, which began on June 27, 2024, expires on June 26, 2027. His reappointment, subject to shareholder approval, will run from September 1, 2026, to August 31, 2031.