V-Mart Retail Limited — Others, 12-03-2025: Action(s) initiated or orders passed

V-Mart Retail Limited has received a demand notice from the State Tax Officer, Bardhaman Charge, for entry tax payment totaling ₹35 crore (including interest and late fees) related to the financial years 2016-17 and 2017-18. The issue is currently under review by the Hon’ble Division Bench of the High Court at Calcutta. The company plans to appeal against this notice, and management believes that there will be no material impact on its financials or operations. Investors may perceive this as a neutral impact, with potential risks tied to ongoing litigation but limited immediate consequences on overall performance.