Avenue Supermarts has informed that an order has been received imposing a penalty on the Company, the details of which are as follows: Name of the authority - District Consumer Disputes Redressal Commission, Solapur; Nature and details of the action(s) taken, initiated or order(s) passed - Imposed penalty of Rs.50,000 to be deposited with Consumer Welfare Fund and Rs 15,000 to be paid to the Complainant; Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority - December 20, 2023; Details of the violation(s)/contravention(s) committed or alleged to be committed - The order has been issued in respect of complaint filed by a complainant alleging that he was overcharged for household products sold in the DMART store located at Solapur; Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible - The financial impact of the aforesaid order is to the extent of the penalty imposed. There is no material impact on operations or other activities of the Company due to the said order.
The above information is a part of company’s filings submitted to BSE.
