Vishal Mega Mart subsidiary fined Rs 1 lakh by Rajnandgaon court

Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart , has been fined Rs 1,00,000 by the Court of Additional District Magistrate, Rajnandgaon, Chhattisgarh. The penalty was imposed on June 11, 2026, following a complaint filed by a Food Safety Officer alleging a violation of the Food Safety and Standards Act, 2006. The financial impact is limited to the penalty amount, with no material effect on the operations or other activities of the listed entity.

The regulatory disclosure was submitted to the exchanges on June 12, 2026, by Rahul Luthra, Company Secretary & Compliance Officer. The order stems from an inspection conducted on November 26, 2025, at the subsidiary's store in Rajnandgaon, during which concerns were raised regarding the expiry date of a product.

Details of the Violation

The Food Safety Officer filed a complaint before the Additional District Magistrate following the inspection. The court subsequently imposed a monetary penalty of Rs 1,00,000 on Airplaza Retail Holdings Private Limited. The subsidiary is currently reviewing the order and evaluating future steps.

Particulars	Details
Name of Authority	Court of Additional District Magistrate, Rajnandgaon, Chhattisgarh
Nature of Action	Penalty imposed
Penalty Amount	Rs 1,00,000
Date of Receipt of Order	June 11, 2026
Relevant Act	Food Safety and Standards Act, 2006

Operational Impact

Vishal Mega Mart clarified that the financial impact of the order is restricted to the penalty amount. The company confirmed that there is no material impact on its operations or other activities due to the said order. The subsidiary continues to assess the situation to determine the appropriate course of action.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.80%	+1.28%	-1.83%	-9.07%	-7.18%	+7.00%

Vishal Mega Mart has appointed Mr. Anurag Krishna as Vice President & Head – Internal Audit and Senior Management Personnel. The Board of Directors approved the appointment through a circular resolution passed on June 09, 2026. This decision follows recommendations from the Nomination and Remuneration Committee and the Audit Committee.

Mr. Krishna is a Chartered Accountant with over 17 years of experience in Internal Audit, Risk Management, and Compliance. His expertise spans sectors such as Retail, Manufacturing, Media, Telecom, and FMCG. Prior to this role, he served as the Head of Internal Audit at Goodyear India.

Professional Background

Before joining Goodyear India, Mr. Krishna spent nearly nine years with Walmart. During his tenure there, he led audits across various functions including finance, operations, compliance, IT controls, HR, real estate, and merchandising. He also held the position of Senior Regional Audit Manager at WPP, overseeing audit and risk management activities across multiple countries.

Appointment Details

The key details of Mr. Krishna's appointment are outlined below:

Particulars	Description
Name	Mr. Anurag Krishna
Designation	Vice President & Head – Internal Audit and Senior Management Personnel
Date of Appointment	June 09, 2026
Term	Full-time employment
Qualification	Chartered Accountant