Vishal Mega Mart Limited has informed the Exchange about General Updates
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Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, received an order from the Court of Additional District Magistrate, Rampur. A penalty of Rs. 2,00,000 (Rs. 80,000 on the Store Manager and Rs. 1,20,000 on the Subsidiary) was imposed for a food safety violation. On April 3, 2025, a Food Safety Officer inspected the subsidiary's store at Rampur and found a sample of Turmeric Powder to be non-compliant with provisions of the Food Safety and Standards Act, 2006. The order was received on May 5, 2026. The company states there is no material impact on operations, and since it is a third-party manufactured product, the penalty will be recovered from the concerned manufacturer. The subsidiary is reviewing and evaluating next steps.
The financial penalty of Rs. 2 lakh is minor relative to the company's scale, and the company expects to recover the amount from the manufacturer. However, it highlights potential quality compliance risks in the supply chain.