V-Mart Retail Limited has informed the Exchange about General Updates
VMART · price
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Awaiting price reaction for this filing.
V-Mart Retail has received an order dated June 12, 2025 from the Deputy Labour Commissioner in Banda, UP, directing it to pay Rs. 11,20,852 towards non-payment of minimum wages and overtime to workers at one of its stores in the Chitrakoot area. The company has classified this amount as a contingent liability. V-Mart has stated it will challenge the order in court on grounds of merit and procedural lapses in the proceedings. The order was passed by the Labour Court, Banda based on a complaint filed by a labour inspector.
The financial impact is negligible — Rs. 11.2 lakhs is a tiny amount relative to V-Mart's overall operations, and the company is actively contesting the order, so actual outflow remains uncertain. Likely no meaningful impact on share price.