V-Mart Retail Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'.
VMART · price
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Awaiting price reaction for this filing.
V-Mart Retail was fined by NSE and BSE for delay in furnishing prior intimation about a board meeting under Regulation 29 of SEBI (LODR) Regulations for the month of April 2025. The total fine was Rs. 11,800 (Rs. 10,000 base + 18% GST), which the company has already paid on May 16, 2025. The Board, at its meeting on July 24, 2025, noted the non-compliance and explained that the delay was inadvertent and unintentional, caused by the trading holiday on Maharashtra Day. The Board has stated that corrective measures have been put in place to prevent any recurrence.
This is a minor, technical compliance lapse with a negligible financial penalty that has already been paid. The reason cited (Maharashtra Day holiday) is reasonable and unlikely to have any meaningful impact on shareholders or the stock price.