Date: August 17, 2026
Legal / Strategic Disclosures
Vishal Mega Mart Limited disclosed that its subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Commercial Court at Rajarhat, North 24 Parganas, West Bengal regarding a legal dispute with the landlord, Flowers Valley Floriculture Private Limited.
The dispute concerns eviction from leased premises and recovery of contractual rent and mesne profits for its store situated at Kazi Nazrul Islam Avenue (VIP Road), Jyangra, P.S. Rajarhat, Kolkata–700059.
The Court, vide its interim order dated August 17, 2026, has directed the subsidiary to:
- Pay ₹2,68,31,676 towards contractual rent and applicable GST for the period April 2020 to December 18, 2020
- Vacate and hand over peaceful possession of the entire suit property, including parking spaces, within two months
The matter also involves a claim for mesne profits at the rate of ₹2,00,000 per day from December 19, 2020 until recovery of peaceful possession of the premises.
The financial impact of the order is quantified as ₹2,68,31,676 (the decreed amount). The subsidiary is reviewing the Order and is filing an appeal challenging the order.