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The latest announcement is out from V-Mart Retail Ltd ( (IN:VMART) ).
V-Mart Retail Limited has received a penalty order from the National Faceless Assessment Centre concerning a deviation in income reporting for the Assessment Year 2012-13. The penalty amounts to Rs. 35,76,558, but the company states that this will not materially impact its financials or operations. V-Mart plans to appeal the order with the Commissioner of Income Tax (Appeals), indicating a proactive approach to resolving the issue.
More about V-Mart Retail Ltd
V-Mart Retail Limited operates in the retail industry, focusing on providing a wide range of consumer goods through its chain of retail stores. The company is known for offering affordable fashion and lifestyle products, targeting middle and lower-middle-class consumers across India.
YTD Price Performance: -25.35%
Average Trading Volume: 1,451
Current Market Cap: 57.21B INR
Find detailed analytics on VMART stock on TipRanks’ Stock Analysis page.
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