Vedant Fashions Limited Receives Notice from the Department of Legal Metrology, Lucknow, U.P
March 19, 2024 at 01:35 pm IST
Share
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.
Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. The Company operates primarily in the manufacturing and trading of readymade garments being Indian wedding and celebration wear for men, women and kids. The Companyâs products include men's ethnic and celebration wear items, such as Indo-western, sherwanis, kurtas, and jackets, and accessories, such as jutti, safa and mala, and womenâs ethnic and celebration wear items, such as lehengas, sarees, stitched suits, gowns and kurtis. The Company operates through a single segment, branded fashion apparel and accessories. The Company has approximately 600+ stores in over 200 cities and in three countries with 11 international stores in the United Arab Emirates and the United States.