V-Mart Retail Limited has received a penalty notice of ₹10.00 lakh from the Municipal Council of Banka in Bihar for allegedly installing unauthorized promotional banners within the city limits. The company disclosed this development to stock exchanges on January 21, 2026, in compliance with SEBI listing regulations.

Penalty Details and Allegations

The Municipal Council of Banka issued the statutory order on January 20, 2026, imposing the penalty for what it termed as unauthorized installation of promotional flex banners on electric poles. The authority has specifically identified the installation of 200 flex banners on electric poles in the Banka city area without prior authorization or permission from the Municipal Council.

Company's Response and Action Plan

V-Mart Retail has announced its intention to challenge the penalty order through appropriate legal channels. The company stated that it plans to protest this order and appeal against the penalty imposition by the authority. This represents a one-time penalty for the specific alleged violation rather than an ongoing compliance issue.

Regulatory Compliance and Disclosure

The company made this disclosure pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations. The intimation was provided to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with mandatory disclosure requirements for material events that could impact stakeholders.

Financial Impact Assessment

The expected financial implication on the listed company stands at ₹10.00 lakh, representing the total penalty amount imposed by the Municipal Council. However, the actual financial impact may vary depending on the outcome of the company's planned appeal against the penalty order.

The notice does not specify any ongoing period of applicability, as it pertains to a specific alleged violation rather than continuing non-compliance. The company has characterized this as a one-time penalty situation while maintaining its position to contest the charges through proper legal procedures.

V-Mart Retail Limited has announced its quarterly earnings conference call to discuss the financial performance for the third quarter and nine months ended December 31, 2025. The announcement was made through a formal communication to stock exchanges pursuant to regulatory requirements.

Conference Call Details

The earnings call has been scheduled with specific timing and participation details:

Management Representation

The conference call will feature key members of V-Mart Retail's senior management team. Managing Director Mr. Lalit Agarwal and Chief Financial Officer Mr. Anand Agarwal will represent the company during the earnings discussion. The session will be hosted by Mr. Aditya Bansal, with contact email aditya.bansal@motilaloswal.com .

Participant Access Information

The company has provided comprehensive dial-in details for investors and analysts across multiple geographical locations:

Regulatory Compliance and Communication

The announcement was made in compliance with SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, specifically under Regulation 30. The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, with the company's scrip codes VMART and 534976 respectively.

V-Mart Retail's Company Secretary and Compliance Officer Megha Tandon signed the regulatory filing dated January 16, 2026. The company has indicated that detailed information about the conference call will be made available on its official website at www.vmart.co.in .

Investor Relations Contact

For additional information regarding the earnings call, investors and analysts can contact V-Mart Retail's Investor Relations Team through Shabina Sheikh at ir_vmart@vmartretail.com . The company maintains its investor relations section accessible through its corporate website for ongoing updates and communications.