Vishal Mega Mart Limited has informed the Exchange about General Updates
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Vishal Mega Mart has informed the stock exchanges about two penalty orders received on June 1, 2025 from the Court of Additional District Magistrate, Sambhal, related to food safety inspections conducted on February 27, 2023. The first order relates to a sample of 'Kacchi Ghani Mustard Oil (First Crop)' found non-compliant, attracting a total penalty of Rs. 1,20,000 (Rs. 80,000 on the company and Rs. 40,000 on its subsidiary). The second order relates to 'Arhar Daal' found non-compliant, attracting a total penalty of Rs. 1,00,000 (Rs. 70,000 on the company and Rs. 30,000 on the subsidiary). The combined financial impact of Rs. 2,20,000 is described by the company as not material. The company has stated that the penalty amount will be recovered from the vendor, as product quality liability lies with the manufacturer.
The financial impact is negligible (Rs. 2.2 lakh total) and recoverable from the vendor, with no material effect on operations. Shareholders are unlikely to see any meaningful impact on the stock from this disclosure.