Investment2 April 2026 at 12:11 pm
Baazar Style Retail Ltd Approves Allotment of 1 Crore 1 Lakh Equity Warrants & Appoints KPMG as Internal Auditor
AI Summary
Baazar Style Retail Ltd announced that its Board of Directors approved the allotment of 1,01,00,000 Equity Warrants on a preferential basis for cash consideration to Cupid Limited, a non-promoter Body Corporate. The Equity Warrants will have a face value of ₹ 05/- each, with an issue price of ₹ 328.25/- each, amounting to ₹ 3,31,53,25,000 in total. Additionally, the Board approved the appointment of KPMG Assurance and Consulting Services LLP as the Internal Auditor for the financial year 2026-27.
Key Highlights
- Baazar Style Retail Ltd approved the allotment of 1,01,00,000 Equity Warrants to Cupid Limited
- The Equity Warrants have a face value of ₹ 05/- each and an issue price of ₹ 328.25/- each
- The total amount for the Equity Warrants is ₹ 3,31,53,25,000
- KPMG Assurance and Consulting Services LLP appointed as the Internal Auditor for the financial year 2026-27
- The decision was made during the Board Meeting held on April 2, 2026