Tax & Penalty26 Aug 2026, 11:10 am
Avenue Supermarts Fined ₹28.28 Lakhs by Bengaluru Authority
AI Summary
Avenue Supermarts Ltd has been penalized ₹28.28 lakhs by the Greater Bengaluru Authority. The penalty is for non-compliance related to construction activities at one of the company's project sites. The company received the order on 25th August 2026. While the financial impact is limited to the penalty amount, Avenue Supermarts stated that there is no material impact on its operations or other business activities due to this notice.
Key Highlights
- Penalty of ₹28.28 lakhs imposed by Greater Bengaluru Authority.
- Reason for penalty: Non-compliance in construction activities.
- Financial impact limited to penalty amount.
- No material impact on company operations.
- Disclosure made under SEBI (LODR) Regulations, 2015.
Price Impact
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