Avenue Supermarts Penalized by Two Authorities Over Construction Non-Compliance
Avenue Supermarts Limited has received penalties from two regulatory bodies regarding non-compliance related to construction activities at project sites of the company. The authorities levied the fines on July 24, 2026.The penalties were imposed due to non-compliance in connection with construction work carried out at two distinct project locations. These violations led to financial impacts totaling Rs. 62.14 lakhs across both regulatory actions.
Avenue Supermarts faced action from the New Okhla Industrial Development Authority (NOIDA) and the Pune Metropolitan Region Development Authority (PMRDA). The details of the penalties, the authorities involved, and the associated impact are summarized below:
| Authority Name | Penalty Amount | Nature of Violation |
|---|---|---|
| New Okhla Industrial Development Authority (NOIDA) | Rs. 50 lakhs | Non-compliance in construction activities at two project sites. |
| Pune Metropolitan Region Development Authority (PMRDA) | Rs. 12.14 lakhs | Non-compliance in construction activities at two project sites. |
In relation to the financial impact, Avenue Supermarts confirmed that the penalties imposed represent the full extent of the financial consequence from these notices. The company stated there is no material impact on its operations or other activities as a result of the notices.
DMART Stock Price Movement
Avenue Supermarts Limited shares today slipped by 0.37% to settle at ₹4018.8, finishing slightly down from yesterday’s close. The stock traded within a range of ₹3990 and ₹4074.8, with 332,480 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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