Baazar Style Retail: CARE confirms proper use of ₹331.53 Cr preferential issue funds

Baazar Style Retail Ltd has submitted the Monitoring Agency Report from CARE Ratings Limited for the quarter ended June 30, 2026. The report pertains to the utilization of proceeds from the company's preferential issue of share warrants, which aggregated to ₹331.53 crore, including partial conversion of warrants into equity shares. CARE Ratings confirmed "Nil" deviation from the stated objects for which the funds were raised, indicating proper utilization. This report was submitted as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.