Vedant Fashions Limited had received a notice dated March 14, 2024 from the Department of Legal Metrology, Lucknow, U.P., regarding compounding for non-disclosure of specification of a particular product on its e-commerce website in violation of Sections 18(1) and 36(1) of the Legal Metrology Act, 2009 and the Rules thereon. As per the notice, an amount of INR 50,000 was imposed as compounding fee. The Company paid the compounding fee on March 18, 2024 and informed the said Authority by its letter of even date via email sent at around 20:48 hours.

The intimation is being submitted being the first working day after payment of compounding fees and settlement of the matter.