Baazar Style Retail opens store in Bhawanipatna, total stores 277

0 min read Updated on 27 Jun 2026, 09:02 AM

Reviewed by

Ashish TScanX News Team

AI Summary

Baazar Style Retail expanded its retail footprint by opening a new Style Baazar store in Bhawanipatna, Odisha on June 26, 2026. This strategic expansion increases the company's total operational stores to 277, strengthening its presence in the eastern region.

*this image is generated using AI for illustrative purposes only.

The disclosure regarding the store opening was submitted to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Abinash Singh, Chief Compliance Officer, Company Secretary, and Head - Legal & Compliance.

The new outlet operates under the Style Baazar brand. Baazar Style Retail also operates stores under the Xpress Baazar brand. The company is registered with the Corporate Identification Number L18109WB2013PLC194160 and is headquartered at PS Srijan Tech Park in Salt Lake, Kolkata.

Detail	Information
Location	Bhawanipatna, Odisha
Brand	Style Baazar
Total Stores (Post-Opening)	277
Date of Opening	June 26, 2026
Scrip Code	544243

The filing confirms that the information was submitted to both BSE Limited and the National Stock Exchange of India Limited for necessary record-keeping.

Historical Stock Returns for Baazar Style Retail

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+15.45%	-1.12%	+13.11%	+0.44%	-19.21%

What are Baazar Style Retail's expansion targets for the remainder of FY2027 following this opening?

How will the new store in Bhawanipatna impact the company's revenue contribution from the eastern region?

Does the company plan to accelerate the rollout of its Xpress Baazar brand alongside the Style Baazar outlets?

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Baazar Style Retail opens e-voting on ₹500 crore limit

2 min read Updated on 21 Jun 2026, 02:30 AM

Reviewed by

Suketu GScanX News Team

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Baazar Style Retail has initiated remote e-voting to seek shareholder approval for raising its borrowing and investment limits to ₹500 crore, up from ₹175 crore, to support expansion and working capital needs. The e-voting facility is open from June 20, 2026, to July 19, 2026, with results expected by July 21, 2026. Additionally, shareholders will vote on the remuneration of Mr. Avishek Prasad, Head – General Merchandise.

*this image is generated using AI for illustrative purposes only.

Baazar Style Retail has opened remote e-voting for shareholders to approve raising its borrowing and investment limits to ₹500 crore. The e-voting period commenced on Saturday, June 20, 2026, at 9:00 A.M. (IST) and will conclude on Sunday, July 19, 2026, at 5:00 P.M. (IST). The company seeks this approval to enhance financial flexibility for expansion and working capital requirements, supporting its strategic growth plans including store expansion and capital expenditure.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that the Notice of Postal Ballot was dispatched electronically on Friday, June 19, 2026. The notices were sent to members whose email addresses are registered with the depositories as on the cut-off date of Friday, June 12, 2026. The requirement for sending physical copies of the notice has been dispensed with. The results of the postal ballot will be declared on or before Tuesday, July 21, 2026.

Resolutions for Shareholder Approval

The Board of Directors has placed four items before the shareholders for approval. The table below outlines the agenda items and the nature of the resolution required for each.

Item No.	Agenda Item	Type of Resolution
1	To consider and approve the borrowing limit under Section 180(1)(c) of the Companies Act, 2013	Special Resolution
2	To consider and approve enhancement of limits for creation of charges, mortgages and/or security on the assets of the Company in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013	Special Resolution
3	To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013	Special Resolution
4	To consider and approve the remuneration of Mr. Avishek Prasad, holding an office or place of profit under Section 188(1)(f) of the Companies Act, 2013	Ordinary Resolution

Financial Limits and Business Rationale

The proposals aim to increase the aggregate borrowing and investment limits to ₹500 crore or the aggregate of the paid-up share capital, securities premium, and free reserves, whichever is higher. This represents an increase from the previous borrowing limit of ₹175 crore approved by shareholders at the Annual General Meeting held on July 19, 2024. The company stated that the enhanced limits are necessary to support its operations across 263 stores in ten states, where revenue from operations rose to ₹1,840.87 crore in FY26 from ₹972.65 crore in FY24.

Remuneration Approval

Shareholders will also vote on an ordinary resolution to approve the remuneration of Mr. Avishek Prasad, Head – General Merchandise. The proposal seeks approval for a maximum remuneration not exceeding ₹10,00,000 per month. Mr. Avishek Prasad is the son of Mr. Bhagwan Prasad, Whole-time Director of the company, and is classified as a related party. The company has engaged MUFG Intime India Private Limited as the Registrar and Transfer Agent to facilitate the e-voting process.

Historical Stock Returns for Baazar Style Retail