Baazar Style Retail Limited concluded its 13th Annual General Meeting on September 25, 2026, passing three of four resolutions, with the re-appointment of director Rohit Kedia notably failing after 77.76% of votes were cast against the resolution.

The meeting was held via video conferencing from 11:00 am to 12:08 pm, in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 212 members representing 48,58,819 shares attended the meeting. The cut-off date for voting eligibility was September 18, 2026, on which 53,101 shareholders were on record. Remote e-voting ran from September 22, 2026 at 9:00 am to September 24, 2026 at 5:00 pm, with additional e-voting available during the AGM. A total of 35,434,152 votes were polled across 184 folios, representing 46.55% of outstanding shares.

Voting results at a glance

The scrutinizer's consolidated report, submitted by CS Sanjay Kumar Joshi of S. K. Joshi & Associates on September 25, 2026, confirmed the outcome of all four resolutions. Three resolutions were passed with requisite majority, while Resolution 3 — the re-appointment of Rohit Kedia — was defeated.

Resolution-wise voting breakdown

For Resolution 1, the adoption of FY26 financial statements, total votes polled stood at 35,434,152 out of 76,117,353 shares. Promoter and promoter group votes were entirely in favour, while public non-institutional holders cast 125 votes against out of 13,608,798 polled.

Resolution 2, the re-appointment of Shreyans Surana as Chairman and Managing Director, received near-unanimous support. Of 35,434,152 votes polled, 35,433,888 were in favour and 264 against. The promoter group, which holds 29,206,984 shares, voted entirely in favour.

Resolution 3, the re-appointment of Rohit Kedia, was the sole resolution to fail. The promoter and promoter group voted 14,121,768 shares against and only 6,666,962 in favour, representing 67.93% against within the promoter category. Public non-institutional holders voted 13,431,501 shares against and only 177,297 in favour. Public institutional holders were the only category to vote entirely in favour with 1,036,624 votes. In aggregate, 27,553,269 votes were cast against the resolution versus 7,880,883 in favour.

Resolution 4, the special resolution to appoint Harish Chander Khurana (DIN: 11473818) as an Independent Director for a first term of five consecutive years, passed with 99.9995% of votes in favour. Of 35,434,152 votes polled, 35,433,988 were in favour and only 164 against.

Detailed vote summary for Resolution 3 (Rohit Kedia)

Attendance and participation details

The company reported the following shareholder participation for the meeting:

Management commentary and governance

Managing Director Shreyans Surana addressed members, highlighting the company's operational efficiency and robust financial performance during FY26. He emphasised a youth-centric fashion approach, technology-driven transformation, and supply chain effectiveness, reaffirming the company's commitment to sustainable growth and financial discipline.

The statutory auditors M/s Singhi & Co. and secretarial auditors S. K. Joshi & Associates were present virtually. MUFG Intime India Private Limited served as the registrar and transfer agent and facilitated the e-voting platform. The AGM notice was dispatched on September 3, 2026 by email to 51,917 shareholders who had registered their email IDs, while 2,185 shareholders without registered email IDs received a letter with a web-link to the annual report.

Baazar Style Retail Limited has been appointed as the Principal Partner for the Indian men's national football team's upcoming international matches against Brazil and Uruguay. The association aims to leverage the high-profile sporting events to engage with youth culture and aspirational consumers in Kolkata.

The matches will be held at the Vivekananda Yuba Bharati Kirangan (Salt Lake Stadium) in Kolkata. India is set to face five-time FIFA World Cup champions Brazil on October 3, 2026, followed by a clash with two-time champions Uruguay on October 6, 2026. These fixtures represent significant global sporting engagements for the Indian team on home soil.

Strategic brand alignment

The partnership reflects Style Baazar's strategy to associate with platforms that resonate with cultural energy and shared experiences. Shreyans Surana, Chairman and Managing Director of Baazar Style Retail, stated that the collaboration celebrates Kolkata's deep-rooted football culture and aligns with the brand's focus on connecting with a new generation of Indian consumers.

"Football has always been an emotion in Kolkata, and welcoming Brazil to the city is a special moment for every football lover," Surana said. He added that strong brands are built around passions and aspirations that bring people together, noting that this association is part of the company's evolving presence at the intersection of fashion, culture, and youth experiences.

Company profile and expansion

Style Baazar operates as one of Eastern India's leading value fashion retail chains, offering trend-led fashion for men, women, and children, along with cosmetics, accessories, and home utility products. The company began operations in 2013 with its first store in Berhampore, West Bengal.

The retail chain continues to expand its footprint with an ambition to reach 500 stores. In September 2026, the company achieved a Guinness World Records title for the World's Largest Fashion Wardrobe, marking another milestone in its growth journey. The company emphasizes data-driven merchandising and regional consumer insights to strengthen its position in the value-fashion segment.