Baazar Style Retail accepted the resignations of independent directors Mrs. Richa Manoj Goyal and Mr. Prashant Singhania effective August 20, 2026. Both directors cited professional commitments as the reason for stepping down.

The company disclosed the changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignations were submitted via email on August 20, 2026.

Committee Changes

Mrs. Goyal ceases to be Chairperson of the Stakeholders and Relationship Committee. Mr. Singhania steps down from the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee.

Both directors confirmed there are no material reasons for their resignations other than those stated in their letters.

Other Directorships

Mrs. Goyal holds independent director positions at Acutaas Chemicals Limited, Waaree Energies Limited, Steamhouse India Limited, Bikaji Foods International Limited, Skipper Limited, and Ganesh Consumer Products Limited.

Mr. Singhania serves as an independent director at Glen Industries Limited, where he is also a member of the Audit Committee and the Nomination and Remuneration Committee.

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.