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Vedant Fashions Limited ( (IN:MANYAVAR) ) has issued an update.
Vedant Fashions Limited has addressed a compliance issue under the Legal Metrology Act, 2009, regarding packaging discrepancies at one of their retail outlets. The company received a show cause notice for not adhering to packaging regulations, specifically for not including the required blank space and manufacturing date on a product’s packaging. In response, Vedant Fashions requested to compound the offense and paid a fee of ₹50,000 to resolve the issue. This incident is not expected to have any significant financial or operational impact on the company.
More about Vedant Fashions Limited
Vedant Fashions Limited operates in the fashion industry, primarily focusing on ethnic wear. The company is known for its brand ‘Manyavar’ and offers a range of traditional Indian clothing, catering to both domestic and international markets.
Average Trading Volume: 9,952
Technical Sentiment Signal: Sell
Current Market Cap: 182.3B INR
See more insights into MANYAVAR stock on TipRanks’ Stock Analysis page.