Baazar Style Retail Ltd

Allotment details

• Board approves allotment of 10,00,000 equity shares on warrant conversion from remaining 86,00,000 warrants.
• Warrant conversion by Cupid Limited (non-promoter) of 10,00,000 warrants.
• Face value ₹5; issue price ₹328.25 per share.
• Total consideration ₹32.825 crore; shares rank pari-passu with existing equity.
• Approval date: 26 September 2026; Annexure A1 investor details.

Partnership and milestones

• Style Baazar named Principal Partner for India's Brazil (Oct 3) and Uruguay (Oct 6) fixtures in Kolkata.
• Guinness World Records title achieved in September 2026: World's Largest Fashion Wardrobe.
• 280+ stores across 10 states; aims to expand to 500 stores.

Director resignation

• Pradeep Kumar Agarwal resigns as Whole-Time Director effective September 25, 2026, due to personal reasons.

AGM Details

• 13th AGM held on 25 September 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting period: 22–24 September 2026.
• Voting entitlement cut-off: 18 September 2026.

Key resolutions and outcomes

• Item 1 (Ordinary): Adopt standalone and consolidated financial statements; passed with 99.9996% in favour.
• Item 2 (Ordinary): Re-appointment of Shreyans Surana; passed with 99.9993% in favour.
• Item 3 (Ordinary): Re-appoint Rohit Kedia; not passed (22.2409% in favour, 77.7591% against).
• Item 4 (Special): Appointment of Harish Chander Khurana as Independent Director for five years; passed 99.9995% in favour.

Dividend

• No dividend proposed or declared.

AGM Details

• Date and time: 25 September 2026 at 11:00 IST.
• Mode: VC/OAVM.
• Record date: 18 September 2026.
• Total attendees: 212 members representing 4,858,819 shares.

Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for FY 2025-26.
• Ordinary: Re-appoint Shreyans Surana by rotation.
• Ordinary: Re-appoint Rohit Kedia by rotation.
• Special: Appoint Harish Chander Khurana as Independent Director for five years.

Voting status

• E-voting results will be published on stock exchanges and the company website.

Director changes

• Shreyans Surana to be re-appointed by rotation.
• Rohit Kedia to be re-appointed by rotation.
• Harish Chander Khurana appointed Independent Director for five years.

Auditors

• Statutory auditors were present; no change announced.

Baazar Style Retail Limited closes trading window from Oct 1, 2026 for the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half-year ended Sep 30, 2026, till 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results of the Company to the Stock Exchanges.

Store expansion

• Opened a new Style Baazar store at S V Mall, Siliguri, West Bengal, on Sep 25, 2026.
• Total stores now 283.

Resignation of Rohit Kedia (Whole-Time Director)

• Resignation from the post of Whole-Time Director by Rohit Kedia, effective 24 September 2026.
• Reason: personal reasons and other commitments.