Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, received a court order from the Additional District Magistrate in Rampur. A penalty of Rs 2,00,000 was imposed — Rs 80,000 on the Store Manager and Rs 1,20,000 on the subsidiary — for a food safety violation. During a routine inspection on April 3, 2025, the Food Safety Officer found that a sample of Turmeric Powder from the Rampur store did not comply with the Food Safety and Standards Act, 2006. The company states the penalty will be recovered from the third-party manufacturer and expects no material impact on operations.
The financial impact is minimal at Rs 2 lakh, which is negligible for a company of Vishal Mega Mart's scale. The stock is unlikely to react significantly, though the brand may face minor reputational scrutiny over the food safety issue.