Avenue Supermarts Limited announced that the Assistant Commissioner of the Navi Mumbai Municipal Corporation has imposed a financial penalty of Rs. 17.50 lakh. This action stems from alleged violations related to inadequate air pollution control measures observed at one of the company’s construction sites. The order was received by the company on February 4, 2026. Management confirms that this penalty, though quantifiable, will have no material impact on the company’s ongoing operations or other activities.
Regulatory Communication Received
Avenue Supermarts Limited has disclosed information regarding an order passed by a municipal authority. The communication was formally received by authorized officers on February 19, 2026.
Details of Authority Action
The relevant authority involved in this matter is the Assistant Commissioner, Navi Mumbai Municipal Corporation. The nature of the action taken was the imposition of a penalty amounting to Rs. 17.50 lakh against the Company.
Grounds for Imposition
The penalty was levied due to alleged violations concerning inadequate air pollution control measures implemented at a construction site owned by the Company. The formal date of receipt for this direction or order was February 4, 2026.
Financial and Operational Impact Assessment
The financial impact resulting from this regulatory action is strictly confined to the monetary extent of the penalty imposed, totaling Rs. 17.50 lakh. Furthermore, the Company has confirmed that there will be no material impact on its overall financial standing, operations, or any other core business activities due to this specific notice.
Source: BSE
