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Vishal Mega Mart Ltd. ( (IN:VMM) ) has issued an announcement.
Vishal Mega Mart Limited has announced that its subsidiary, Airplaza Retail Holdings Private Limited, has been penalized by the court of Additional District Magistrate, Ghaziabad, for a violation of the Food Safety and Standards Act, 2006. The penalty of Rs. 1,00,000 was imposed due to a non-compliant food product discovered during an inspection. The financial impact is limited to the penalty amount, which will be recovered from the product’s manufacturer, and there is no significant effect on the company’s operations.
More about Vishal Mega Mart Ltd.
Vishal Mega Mart Limited operates in the retail industry, focusing on providing a wide range of consumer goods through its stores. The company is headquartered in Gurugram, Haryana, India, and is known for its competitive pricing and extensive product offerings.
Average Trading Volume: 2,032,973
Technical Sentiment Signal: Strong Buy
Current Market Cap: 683.6B INR
For detailed information about VMM stock, go to TipRanks’ Stock Analysis page.