The latest announcement is out from V-Mart Retail Ltd ( (IN:VMART) ).
V-Mart Retail Limited has received a demand notice from the State Tax Officer of Bardhaman Charge, West Bengal, regarding the non-payment of entry tax for the financial years 2016-17 and 2017-18. The notice requests payment of Rs. 35 lakhs, including interest and late fees, but the company states that this will not materially impact its financials or operations. V-Mart plans to file an appeal against the notice, which stems from ongoing proceedings with the Hon’ble Division Bench of the High Court at Calcutta.
More about V-Mart Retail Ltd
V-Mart Retail Limited operates in the retail industry, focusing on providing affordable fashion and lifestyle products across India. The company is known for its wide range of apparel, footwear, and accessories, catering primarily to the middle and lower-income segments in tier II and III cities.
YTD Price Performance: -26.89%
Average Trading Volume: 1,513
Current Market Cap: 56.11B INR
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