Subsidiary Airplaza Receives Penalty of Rs. 2,00,000 from Rampur Court
Vishal Mega Mart Limited reported that its subsidiary, Airplaza Retail Holdings Private Limited, received an order imposing a penalty from the Court of Additional District Magistrate, Rampur. The penalty was received on May 05, 2026.The order relates to alleged violations concerning food safety standards. The action stemmed from an inspection conducted by the Food Safety Officer at the subsidiary's Store in Rampur on April 03, 2025. During the inspection, a sample of 'Turmeric Powder' was collected, and subsequent analysis found that the product did not conform to relevant provisions of the law.
The Food Safety Officer subsequently filed a complaint with the Additional District Magistrate, Rampur, alleging violations of the provisions of the Food Safety and Standards Act, 2006.
The penalty imposed totals Rs. 2,00,000/-. The penalty was allocated as follows:
| Detail | Penalty Amount |
|---|---|
| Penalty on Store Manager | Rs. 80,000/- |
| Penalty on Subsidiary | Rs. 1,20,000/- |
| Total Penalty | Rs. 2,00,000/- |
The company noted that the total penalty of Rs. 2,00,000/- was imposed, with the investigation revealing a cumulative penalty of Rs. 80,000/- for the Store Manager and Rs. 1,20,000/- for the Subsidiary.
Regarding the impact of this order, the company stated that while the financial impact of the penalty is recorded, there is no material impact on the operations or other activities of the Company. This conclusion was reached because the penalty amount is expected to be recovered from the concerned manufacturer, as the product was third party manufactured. The subsidiary is currently reviewing the order and evaluating next steps.
VMM Stock Price Movement
As of 12:14 PM, shares of Vishal Mega Mart Limited are slipping by 1.38% in live trading, currently sitting at ₹123.35 after shedding ₹1.73. The stock finds itself trading on significant volume, with 1.89 million shares processed, and its movement remains anchored near the day's low of ₹123.17.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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