Avenue Supermarts Limited has made a regulatory disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding penalties imposed by two development authorities.
Details of Actions and Penalties
- NOIDA Authority (Senior Manager - Work Circle - 6, New Okhla Industrial Development Authority): Penalty of ₹50 lakhs imposed on the company.
- Pune Metropolitan Region Development Authority (PMRDA): Penalty of ₹12.14 lakhs imposed on the company.
Date of Receipt
The order from PMRDA was received on 24th July, 2026. The disclosure does not specify the receipt date for the NOIDA penalty.
Nature of Violations
The penalties were levied for non-compliance in relation to construction activities at two project sites of the company. The specific nature of the violations is not detailed in the disclosure.
Financial and Operational Impact
The company states that the financial impact is limited to the extent of the penalties imposed (total ₹62.14 lakhs). There is no material impact on operations or other activities of the company due to these notices.