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, has received an order from the Assistant Labour Commissioner Court in Sultanpur, Uttar Pradesh, dated June 24, 2025. The order was passed under Section 20(2) of the Minimum Wages Act, 1948, after a case filed by a Labour Inspector on October 26, 2024 alleging that wages paid to 11 employees were below the legal minimum wage. The total recovery amount mandated is ₹11,60,696 (approximately ₹11.6 lakhs). The company has stated that the financial impact is limited to the penalty amount and there is no material impact on operations or other activities. The subsidiary is currently reviewing the order and evaluating next steps.
The penalty is small relative to Vishal Mega Mart's overall size and is borne by a subsidiary, so the direct financial hit is minor. However, repeated minimum wage violations could attract regulatory scrutiny and hurt the company's reputation, though no immediate stock impact is expected.