Baazar Style Retail Incorporates Wholly Owned Subsidiary

Baazar Style Retail Limited announced the incorporation of a Wholly Owned Subsidiary (WOS) to focus on solar power generation and other renewable energy businesses. This strategic move aligns with the company's long-term growth strategy, sustainability objectives, and commitment to renewable energy adoption. The proposed subsidiary will develop, establish, acquire, operate, and maintain solar and other renewable energy projects, aiming to create a platform for investment and generate long-term stakeholder value. The Board also approved the reconstitution of the Audit Committee and the appointment of Mrs. Binata Sengupta as an Additional Director (Non-Executive Independent) for three years, subject to shareholder approval. Additionally, the company approved the allotment of 20,00,000 equity shares upon conversion of warrants.