Vedant Fashions Limited has informed the Exchange regarding the compounding under the Legal Metrology Act, 2009, vide the enclosed letter.
MANYAVAR · price
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Vedant Fashions (Manyavar) received a notice from the Legal Metrology Department in Varanasi after an inspection at one of its retail outlets found that the size of a Pocket Square product was not disclosed on its label, in violation of the Legal Metrology Act, 2009 and related packaging rules. The company applied for compounding (a settlement mechanism) of the offence, and the authority directed it to pay a compounding fee of ₹50,000. The company has paid this fee on March 24, 2026 and informed the authority. The company has clarified that apart from this ₹50,000 fee, there is no other financial or operational impact on the business.
This is a minor, routine compliance matter with a negligible financial impact (₹50,000 fee) for a company of Vedant Fashions' size. No material effect on operations, earnings, or shareholder value is expected. The quick resolution through compounding means the matter is now closed.