The shares of this hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials is in focus after it receives an order from the Assistant Labour Commissioner Court in Sultanpur, Uttar Pradesh, regarding the Minimum Wages Act, 1948, check it out.
With market capitalization of Rs. 62,672 cr, the shares of Vishal Mega Mart Ltd are currently trading at Rs. 134.80 per share, up 1.32% from the previous close of Rs. 133.05 per share.
Vishal Mega Mart Limited has disclosed that its subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Assistant Labour Commissioner Court in Sultanpur, Uttar Pradesh. The order, dated June 24, 2025, pertains to a case filed under Section 20(2) of the Minimum Wages Act, 1948.
The case, initiated on October 26, 2024, alleges that wages paid to eleven employees were below the legally mandated minimum wage levels. The court has now directed the subsidiary to pay a total recovery amount of ₹11,60,696.
While the penalty imposes a financial impact to that extent, the company clarified there would be no material impact on its operations or other activities. The subsidiary is currently reviewing the order and evaluating its next course of action.
Financials of the company
The company’s revenue rose by 20.25 percent, increasing from Rs. 8,912 cr in FY24 to Rs. 10,716 cr in FY25. It has recorded a strong compound annual profit growth of 72.9 percent over the last five years. Operating profit grew from Rs. 1,276 cr in FY24 to Rs. 1,530 cr in FY25. Net cash flow improved to Rs. 310 cr as of March FY25. In terms of shareholding, FII holdings climbed to 7.03 percent, while DII holdings rose to 12.22 percent in March FY25.
Written by Manideep Appana
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