Baazar Style Retail Limited has disclosed that its promoters and promoter group have not encumbered any shares directly or indirectly during the financial year ended March 31, 2026. This declaration, submitted to BSE Limited and National Stock Exchange of India Limited on April 07, 2026, confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The absence of encumbrance indicates that the promoters' shareholding remains free from pledges or charges, which is a key indicator of corporate governance and financial stability for investors.

The submission was made by Abinash Singh, Chief Compliance Officer, Company Secretary, and Head - Legal & Compliance at Baazar Style Retail Limited. The filing includes individual declarations from key promoters such as Pradeep Kumar Agarwal, Shreyans Surana, Rohit Kedia, Bhagwan Prasad, and Sabita Agarwal. Additionally, corporate promoter Sri Narsingh Infrastructure Private Limited provided a declaration signed by Director Pradeep Kumar Agarwal. Rajendra Kumar Gupta submitted declarations both individually and as Karta of the Rajendra Kumar Gupta HUF.

Promoter Shareholding Details

The disclosure provides a comprehensive list of the promoter and promoter group shareholding as of March 31, 2026. The data reveals the distribution of shares among individuals, Hindu Undivided Families (HUFs), and corporate entities within the promoter group.

Trust and Corporate Holdings

The promoter group also holds shares through various trusts and private limited entities. Notable holdings include Kavyansh Gupta Benefit Trust with 1153160 shares and Zedd Retails Private Limited with 229754 shares. Several other entities listed in the promoter group reported zero shareholding as of the specified date.

The declarations were addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. The company requested the exchanges to place the information on record. Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., is headquartered at PS Srijan Tech Park in Sector-V, Salt Lake, Kolkata.

Baazar Style Retail Limited has ceased operations at two of its Style Bazaar outlets located in Beltola, Assam, and Cuttack, Bajrakbati, Odisha. The closures, effective June 01, 2026, reduce the company's retail footprint as it adjusts its operational strategy. Following the shutdown of these locations, the total number of stores stands at 274.

The disclosure was made to the stock exchanges in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the company completed the closure process for the specified retail outlets on the same day.

The two shuttered stores were operating under the Style Bazaar brand. The company continues to manage its network of remaining stores across various regions. The reduction in store count reflects a strategic decision to optimize the company's physical presence.

Store Closure Details

The following table outlines the locations affected by the recent closure:

The total operational count post-closure is 274 stores. The notification was signed by Abinash Singh, Chief Compliance Officer, Company Secretary, and Head - Legal & Compliance.