Corporate Governance14 May 2026, 07:22 pm
Baazar Style Retail: CARE Ratings reports Nil deviation in IPO fund use for Q4 FY26
AI Summary
Baazar Style Retail Ltd has submitted the Monitoring Agency Report from CARE Ratings Limited for the quarter ended March 31, 2026. The report, filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms "Nil" deviation from the stated objects for which the ₹185 crore Initial Public Offering (IPO) proceeds were raised. CARE Ratings clarified that their report offers an objective view based on issuer-provided information and does not involve an audit or independent verification.
Key Highlights
- Baazar Style Retail filed its IPO fund utilization report.
- CARE Ratings confirmed "Nil" deviation from IPO objectives.
- Report covers IPO proceeds of ₹185 crore for Q4 FY26.
- This compliance report is mandated by SEBI Regulation 32.
Price Impact
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