Baazar Style Retail Ltd

Baazar Style Retail Ltd announced the resignation of Mr. Rishabh Narendra Jain from his position as Non-Executive, Independent Director, effective October 26, 2026. The resignation is attributed to growing professional commitments and other engagements. Mr. Jain confirmed there are no other material reasons for his departure. The company has filed the necessary disclosures as per SEBI regulations.

Baazar Style Retail Ltd has announced the opening of a new Style Baazar store in Danapur, Patna, Bihar. This expansion brings the company's total store count to 287. The opening is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.

Baazar Style Retail Limited announced the appointment of Mrs. Binata Sengupata as an Additional Director in the category of Non-Executive Independent Director for a term of three years, subject to shareholder approval. The Board also approved the reconstitution of the Audit Committee and the incorporation of a Wholly Owned Subsidiary for renewable energy business. Additionally, the company approved the allotment of 20,00,000 equity shares upon conversion of equity warrants.

Baazar Style Retail Limited announced the allotment of 20,00,000 equity shares following the conversion of warrants into equity shares on a preferential basis. These shares were issued at a price of ₹328.25 each, including a premium of ₹323.25 per share. The conversion was exercised by warrant holders from the non-promoter category, utilizing a portion of the 76,00,000 warrants previously allotted. The newly allotted shares will rank pari-passu with existing equity shares in terms of dividends and voting rights. 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 will incorporate a wholly-owned subsidiary for renewable energy business.

Baazar Style Retail Ltd announced outcomes from its Board Meeting held on October 15, 2026. Key decisions included 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. The company also approved the incorporation of a Wholly Owned Subsidiary for renewable energy business and the allotment of 20,00,000 equity shares upon conversion of equity warrants at ₹328.25 per share.

Baazar Style Retail Ltd has announced the opening of a new Style Baazar store in Naini, Prayagraj, Uttar Pradesh. This expansion brings the company's total store count to 285. The opening is in line with the company's strategy to increase its retail footprint.

Baazar Style Retail Ltd has announced the opening of a new Style Baazar store located in Fulbari, Jalpaiguri, West Bengal. This expansion brings the company's total store count to 284 as of the current date. The opening is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Baazar Style Retail Ltd issued an addendum to its disclosure from September 2, 2026, concerning the appointment of Mr. Harish Chander Khurana as an Independent Director. The company affirmed that Mr. Khurana is not debarred from holding the office of Director by any SEBI order or other authority. This confirmation is based on his self-declaration and due diligence conducted by the company, as reviewed by the Nomination and Remuneration Committee and the Board of Directors, in compliance with relevant NSE and BSE circulars.

Baazar Style Retail Limited (BSRL) reported a 10% year-on-year decline in Revenue from Operations for Q2 FY27, reaching ₹4,781 Mn. This was primarily attributed to a shift in the festive calendar, with Durga Puja moving from Q2 FY26 to Q3 FY27. For the Half Year ended September 30, 2026 (H1 FY27), Revenue from Operations grew 6% YoY to ₹9,645 Mn. The company expanded its retail network by 13% YoY to 283 stores, with a 16% increase in total rental area to 26.69 lakh sq. ft. BSRL also focused on brand visibility through initiatives like a Guinness World Record installation and principal partnership for international football matches.