Vishal Mega Mart Limited — Important, 09-04-2025: General Updates

Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart Limited, has received an order from the Assistant Labour Commissioner Court in Kasganj, Uttar Pradesh, concerning a violation of the Minimum Wages Act, 1948. The court has mandated the recovery of ₹12.90 crore by the subsidiary, following a case filed by a Labour Inspector. While this order presents a financial liability, Vishal Mega Mart indicates that there will be no material impact on its operations or overall activities. The subsidiary is currently reviewing the order and assessing its next steps. Investors should monitor this situation closely, as it could influence the company's financial positioning and operational strategy.