Vishal Mega Mart Subsidiary Receives Order from Fatehpur Labour Court for Minimum Wages Violation
Vishal Mega Mart Limited announced that its subsidiary, Airplaza Retail Holdings Private Limited, received an order from the Assistant Labour Commissioner Court - Fatehpur, Uttar Pradesh. The order relates to a violation concerning minimum wages.The complaint was filed by The Labour Inspector before the Court against the subsidiary, citing a violation under Section 12 read with Rule 21 of the Minimum Wages Act, 1948. The subsidiary received the official order on April 15, 2026.
In total, the Assistant Labour Commissioner Court - Fatehpur, Uttar Pradesh, directed the recovery of Rs. 13,83,888/- for the violation.
Key details regarding the order and the action taken are summarized below:
| Particulars | Details |
|---|---|
| Authority Issuing Order | Assistant Labour Commissioner Court, Fatehpur, Uttar Pradesh |
| Date of Order Receipt | April 15, 2026 |
| Violation Details | Violation under Section 12 read with Rule 21 of Minimum Wages Act, 1948 |
| Total Recovery Amount | Rs. 13,83,888/- |
Regarding the implications for the listed entity, Vishal Mega Mart Limited stated that the financial impact of the order is limited to the penalty imposed. The company added that there is no material impact on the operations or other activities of Vishal Mega Mart Limited due to this directive. The subsidiary is currently reviewing the order and evaluating subsequent steps.
VMM Stock Price Movement
As of 12:59 PM, shares of Vishal Mega Mart Limited are slipping by 0.30% in live trading, currently trading at ₹117.00. The equity has seen notable interest, exchanging hands on a volume of 4.39 million shares while navigating a day's range from a low of ₹116.33 to a high of ₹118.93.Source:
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