Baazar Style Retail has accepted the resignation of Mrs. Ushma Sheth Sule from its Board of Directors. She steps down from her role as a Non-Executive, Non-Independent Director, effective August 19, 2026.

The company disclosed the development in a filing to the stock exchanges on August 19, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Sule tendered her resignation via email on the same date, stating that she had other commitments requiring her time and attention.

Resignation Details

Mrs. Sule confirmed that there were no material reasons for her resignation other than those stated in her communication to the board. Her departure marks the end of her tenure on the board, which she served in a non-executive capacity.

The disclosure was signed by Abinash Singh, Chief Compliance Officer and Company Secretary at Baazar Style Retail Limited. The company noted that Mrs. Sule expressed gratitude for the opportunity to be part of the company’s growth journey during her tenure.

Baazar Style Retail promoters and designated persons disposed of a combined 4.55 million equity shares on the National Stock Exchange on August 17, 2026. The transactions were executed through market sell orders and valued at approximately ₹16.37 crore in aggregate, excluding taxes and brokerage charges.

The disclosures were made pursuant to Regulation 7(2)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company filed the details with both the BSE and NSE on August 18, 2026.

Transaction Details

Four entities associated with the company executed the sales on the same day. Managing Director Shreyans Surana, categorized as a promoter, sold 2.10 million shares. His holding reduced from 3,888,248 shares (5.11%) to 1,788,248 shares (2.35%).

Sidharth Surana, a designated person, sold 900,000 shares. His stake fell from 1,414,378 shares (1.86%) to 514,378 shares (0.68%).

Whole-Time Director Bhagwan Prasad, also classified as a promoter, disposed of 1.50 million shares. His holding decreased from 4,405,142 shares (5.79%) to 2,905,142 shares (3.82%).

Rajendra Kumar Gupta HUF, a promoter entity, sold 100,000 shares. Its holding dropped from 2,998,800 shares (3.94%) to 2,898,800 shares (3.41%).

Acquirer Disclosure

A separate filing under Regulation 29(2) of the SEBI Takeover Regulations revealed that Aditya Kumar Halwasiya acquired the 3 million shares sold by Shreyans Surana and Sidharth Surana. Before the transaction, the combined group held 5,302,626 shares (6.97% of total voting capital). After the sale, their combined holding stands at 2,302,626 shares (3.03%). The acquisition was executed in the open market.

What the Numbers Show

The transaction values indicate varying execution prices for the insiders. Shreyans Surana, Bhagwan Prasad, and Sidharth Surana all transacted at a value of ₹362.00 per share. In contrast, Rajendra Kumar Gupta HUF executed its sale at a higher value of ₹383.87 per share. This divergence suggests different timing or order types within the same trading session, resulting in a weighted average price difference between the largest seller and the smallest seller.

No derivative trading activity was reported by these entities in the accompanying filings.