Vishal Mega Mart Limited disclosed on August 17, 2026, that its subsidiary, Airplaza Retail Holdings Private Limited, has received an interim order from the Commercial Court at Rajarhat in West Bengal regarding a legal dispute with landlord Flowers Valley Floriculture Private Limited.

The court has directed the subsidiary to pay ₹2,68,31,676 towards contractual rent and applicable GST for the period from April 2020 to December 18, 2020. Additionally, the order mandates the subsidiary to vacate and hand over peaceful possession of the entire suit property, including parking spaces, within two months. The property is located at Kazi Nazrul Islam Avenue (VIP Road), Jyangra, P.S. Rajarhat, Kolkata-700059.

Order details

The disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the specific directives issued by the authority.

Financial implications

The dispute involves a claim for mesne profits at the rate of ₹2,00,000 per day from December 19, 2020, until the recovery of peaceful possession of the premises. Vishal Mega Mart stated that the financial impact of the order is limited to the decreed amount mentioned above.

What the numbers show

The court's directive imposes a dual burden on the subsidiary: an immediate cash outflow of nearly ₹2.68 crore for past dues and a daily accrual liability of ₹2,00,000 for continued occupation beyond the specified deadline. This structure indicates that the primary financial risk escalates significantly if the eviction timeline is not met or if the appeal process extends the occupancy period without possession being handed over.

Company response

Airplaza Retail Holdings is reviewing the order and intends to file an appeal challenging the decision. The listed entity has not provided further details on the potential duration of the appeal process or additional costs associated with the litigation.

Vishal Mega Mart Limited announced that its 8th Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 12:00 noon through video conferencing or other audio-visual means. The meeting is scheduled to transact the businesses set forth in the AGM notice, in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The company stated that electronic copies of the AGM notice and the Annual Report for FY25-26 will be sent to members who have registered their email addresses with the company, its Registrar to an Issue and Share Transfer Agent (KFin Technologies Limited), or their Depository Participants. Physical copies will be dispatched only upon request.

E-Voting and Participation Details

Shareholders can participate in the AGM via the VC/OAVM facility and exercise their voting rights through remote e-voting. The National Securities Depository Limited (NSDL) will provide the e-voting facility. Members who cast their votes remotely before the AGM are entitled to attend the meeting but cannot vote again during the session.

Key logistical details for shareholders include:

• Email Registration: Members holding shares in demat form must update emails with their Depository Participants. Those holding physical shares must submit Form ISR-1 to KFin Technologies.
• Document Access: The AGM notice and Annual Report are available on the company website, BSE, NSE, and NSDL e-voting portals.
• Compliance: The process adheres to General Circular No. 03/2025 issued by the Ministry of Corporate Affairs and SEBI Master Circular No. HO/CFD/PoD2/CIR/P/2025/002 dated January 30, 2026.

Rahul Luthra, Company Secretary and Compliance Officer, confirmed the disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper advertisements intimating the meeting were published in Financial Express and Jansatta.