Avenue Supermarts has received a notice from the Haryana State Industrial & Infrastructure Development Corporation Ltd concerning delays in the execution of a Conveyance Deed. The notice seeks a penalty of Rs. 20.87 lakh. The company is currently evaluating the notice and considering appropriate actions. The notice was received on October 28, 2025, and the company believes there will be no material impact on operations or other company activities.
Notice Regarding Conveyance Deed Delay
Avenue Supermarts has received a notice pertaining to delays in the execution of a Conveyance Deed, as it relates to Estate Management Procedures.
Details of the Notice
The notice was issued by the Haryana State Industrial & Infrastructure Development Corporation Ltd, IMT Bawal.
The notice requests a penalty of Rs. 20.87 lakh. The company received the notice on October 28, 2025.
Impact Assessment
The company believes that the financial impact is limited to the extent of the penalty imposed and that there will be no material impact on operations or other activities.
Avenue Supermarts is currently evaluating the notice and is considering appropriate courses of action.
Source: BSE
