Vedant Fashions Limited has informed the Exchange regarding 'Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act, 2009'., vide the enclosed letter.
MANYAVAR · price
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Vedant Fashions (Manyavar) received a show cause notice on June 17, 2025 from the Department of Legal Metrology, Ghaziabad, alleging that the size/dimensional specification of a Shawl product was not disclosed on its e-commerce website www.manyavar.com, in violation of the Legal Metrology Act, 2009 and Packaged Commodities Rules. The company applied for compounding of the offence on June 23, 2025. The authority accepted and directed the company to pay a compounding fee of ₹50,000, which was paid on July 16, 2025. The company has stated that aside from this ₹50,000 payment, there is no other financial or operational impact. The matter has been settled through the compounding route without any further proceedings.
The ₹50,000 compounding fee is negligible for a company of Vedant Fashions' size, and the matter appears fully resolved with no material impact on financials, operations, or stock price. This is a routine regulatory compliance issue related to product labelling on the e-commerce platform.