Vishal Mega Mart Limited has informed the Exchange about General Updates
VMM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Income Tax department in Chennai (TDS Circle 1(1)) alleging non-deduction of TDS and non-payment of interest on TDS for Financial Year 2019-20 under Sections 201 and 201(1A) of the Income Tax Act, 1961. The order was received on March 30, 2026, and carries a total demand of about Rs. 3.29 crore, comprising Rs. 1.86 crore in tax and Rs. 1.43 crore in interest. The company has stated there is no further material impact on its financial or operational activities, and the subsidiary is reviewing the order to decide next steps.
The tax demand is on the subsidiary, not directly on the listed entity, and is relatively small compared to VMM's overall scale. Near-term impact on the stock is likely limited, though investors should watch for any escalation if the subsidiary decides to appeal or if further orders are issued.