StockWatch
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Diversified Retail
Tax & Penalty6 May 2026, 11:48 am

Vishal Mega Mart Subsidiary Faces ₹2 Lakh Penalty

AI Summary

Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart Ltd, received an order from the Court of Additional District Magistrate, Rampur, imposing a penalty of ₹2,00,000. The penalty was levied due to a violation of the Food Safety and Standards Act, 2006, after an inspection revealed that a sample of 'Turmeric Powder' was not in compliance with the relevant laws. The penalty includes ₹80,000 on the Store Manager and ₹1,20,000 on the Subsidiary. Vishal Mega Mart plans to recover the penalty amount from the manufacturer and is reviewing the order.

Key Highlights

  • Subsidiary Airplaza Retail Holdings fined ₹2,00,000 by Rampur court.
  • Violation of Food Safety and Standards Act, 2006 led to the penalty.
  • Penalty breakdown: ₹80,000 on Store Manager, ₹1,20,000 on Subsidiary.
  • Vishal Mega Mart will recover the penalty from the product manufacturer.
  • The company is reviewing the order and evaluating next steps.