Shreyans Surana, promoter of Baazar Style Retail Limited, has filed a formal declaration with Indian stock exchanges confirming that no encumbrance of shares was created, directly or indirectly, by the promoter or the promoter group during the financial year ended 31st March 2026. The declaration was submitted on April 03, 2026, to both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance Under SEBI Takeover Regulations

The declaration has been made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters and members of the promoter group disclose, on an annual basis, whether any encumbrance has been created on shares held by them in the listed company. The filing covers the entire financial year ended 31st March 2026.

Key details of the filing are summarised below:

Details of the Declaration

In the declaration, Shreyans Surana confirmed that neither he nor any member of the promoter group related to him created any encumbrance on shares of Baazar Style Retail Limited during the financial year ended 31st March 2026. The declaration explicitly covers both direct and indirect encumbrances, affirming full compliance with the applicable SEBI regulatory framework.

The filing was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. A copy was also marked to the Audit Committee of Baazar Style Retail Limited at its registered office in Kolkata.

Baazar Style Retail Limited has announced the resignation of its Chief Merchandising Officer under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified stock exchanges about this senior management change.

Senior Management Departure

Mr. Ramyaraj Rath, Chief Merchandising Officer, has tendered his resignation from the company effective April 30, 2026. The resignation was submitted due to personal reasons that require his full attention. The company has acknowledged his resignation and confirmed his relief from duties with effect from the closure of business hours on April 30, 2026.

Regulatory Compliance and Documentation

The company has made the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal notification was submitted to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026.

The disclosure includes comprehensive documentation as required under SEBI regulations, with Annexure A containing detailed information about the resignation and Annexure B including a copy of the resignation letter submitted by Mr. Rath. The notification was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Timeline and Transition

Mr. Rath originally submitted his resignation letter on March 27, 2026, addressing it to the company management. In his resignation communication, he expressed sincere gratitude for the opportunities provided during his tenure and the support extended by the organization.

The departing officer has committed to ensuring a smooth transition process by completing all pending tasks and assisting in the handover procedures. He wished the company continued success and growth in his farewell message to the management team.

Company Information

Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., operates from its headquarters at PS Srijan Tech Park in Salt Lake, Kolkata. The company trades on stock exchanges under the symbol STYLEBAAZA with scrip code 544243 and CIN No: L18109WB2013PLC194160.