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 Limited (Manyavar) received a show cause notice from the Department of Legal Metrology in Azamgarh, UP, for non-disclosure of standard unit size on a product (Pocket Square) at one of its retail outlets. The company applied for compounding of the offence, and the authority set a compounding fee of ₹50,000. The company has paid the fee and formally informed the authority, effectively closing the matter. The company states there is no material financial or operational impact beyond the ₹50,000 paid.
This is a minor, routine compliance matter with negligible financial impact (₹50,000) and no effect on the company's operations, so it is unlikely to influence the stock price or shareholder value.