Vishal Mega Mart Releases Business Responsibility and Sustainability Report for FY 2024-25
The announcement is a routine compliance report and does not indicate any immediate or significant change in the company's operations or financial status.
The announcement is a factual disclosure of the Business Responsibility and Sustainability Report, without inherent positive or negative implications.
* Vishal Mega Mart Limited (VMM) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25. * The BRSR includes an Independent Reasonable Assurance Report on the BRSR Core Indicators, provided by Grant Thornton Bharat LLP. * Key details from the BRSR include: * Paid-up capital as on March 31, 2025, is ₹ 4,597 Crore. * Turnover for FY 2024-25 is ₹ 10,716 Crore and Net Worth is ₹ 6,426 Crore. * The company's activities include Retail Sales with Apparel contributing 44%, General Merchandise 28%, and Fast Moving Consumer Goods 28% of the turnover. * VMM has 714 plants (including retail stores and distribution centers) and 1 office in India. * The company primarily targets middle and lower-middle-income households, estimated to include around 945 million individuals. * The company has a total of 18,029 employees, of which 12,758 are male and 5,271 are female. 629 employees are differently abled. * There are 6 members in the Board of Directors, 2 of which are female (33.33%). * CSR is applicable to the company as per section 135 of the Companies Act, 2013. * The report identifies material issues such as: * Supply Chain Management and Sourcing as a risk. * Regulatory Compliance as a risk. * Consumer Behavior and Market Trends as an opportunity. * Business Continuity and Operational resilience as a risk. * Ethics and Transparency as a risk. * Sustainability and climate as an opportunity. * Data privacy and cybersecurity as a risk. * The report also includes a statement by a director highlighting ESG-related challenges, targets, and achievements, reinforcing the company's commitment to sustainability and responsible growth.
What to do with a filing like this
Vishal Mega Mart Limited filed this with the NSE as a statutory disclosure, categorised under sustainability. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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