Vishal Mega Mart Limited has informed the Exchange about General Updates

Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Court of the Additional District Magistrate, Bijnor, imposing a penalty of Rs. 2,00,000 (Rs. 2 lakhs) for violation of the Food Safety and Standards Act, 2006. The case stems from a March 2021 inspection by the Food Safety Officer, where a sample of 'Organic Jaggery' sold at the subsidiary's store was found to be non-compliant with food safety standards. The company has clarified that the financial impact is limited to the penalty amount and there is no material impact on operations. Importantly, since the product was manufactured by a third party, the penalty will be recovered from the concerned manufacturer. The subsidiary is reviewing the order and evaluating next steps.