Baazar Style Retail Limited has filed its annual report for the fiscal year ended March 31, 2026, with the Bombay Stock Exchange and National Stock Exchange. The filing, dated September 3, 2026, was made pursuant to Regulation 34(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The document also contains the notice for the company’s 13th Annual General Meeting (AGM).

AGM Schedule and Compliance

The company has scheduled its 13th AGM for Friday, September 25, 2026. The meeting will commence at 11:00 am via video conferencing or other audio-visual means. Baazar Style Retail issued the initial notice on August 29, 2026, confirming that the AGM will address the financial statements and statutory reports for FY26. Newspaper advertisements were published in Financial Express (English) and Arthik Lipi (Bengali) on August 30, 2026, complying with Regulation 30 of the SEBI Listing Regulations.

The event adheres to Ministry of Corporate Affairs General Circulars Nos. 14/2020, 17/2020, 20/2020, 02/2021, 2/2022, 10/2022, 09/2023, 09/2024, and the circular dated September 22, 2025. It also follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024, and Secretarial Standard on General Meetings (SS-2).

Document Access and Voting

The Notice of the AGM and the Annual Report are available on the company website at stylebaazar.in and on stock exchange portals. These documents will be sent electronically to members with registered email addresses. Members without registered emails will receive a letter containing a weblink to access the documents, as per Regulation 36(1)(b) of the Listing Regulations.

The cut-off date for determining members eligible to vote or attend the AGM is September 18, 2026. The remote e-voting period runs from September 22, 2026, at 9:00 am to September 24, 2026, at 5:00 pm. Members holding shares in dematerialised form may cast their votes electronically during this window.

Board Agenda and Appointments

Shareholders will consider specific ordinary and special business items. Under ordinary business, the reappointment of two promoters liable to retire by rotation is proposed:

As special business, the company seeks approval for the appointment of Mr. Harish Chander Khurana (DIN: 11473818) as an Independent Director. His first term will last five consecutive years, from September 2, 2026, to September 1, 2031.

Mr. Khurana brings over 35 years of experience in banking operations, asset recovery, governance, compliance, risk management, and stakeholder engagement. He retired from Bank of India in September 2022 after serving in various managerial roles. A CAIIB-qualified banker, he holds degrees in Commerce and Hindi and a Diploma in Cyber Law. The Nomination and Remuneration Committee recommended his appointment based on his qualifications, skill sets, experience, independence, and ability to devote sufficient time to the board.

Abinash Singh, Chief Compliance Officer and Company Secretary, signed the communication.

Baazar Style Retail has announced significant governance changes and a legal settlement following its adjourned board meeting on September 2, 2026. The company reconstituted its Nomination and Remuneration Committee (NRC), appointed a new independent director, and designated its managing director as chairman. Additionally, the firm agreed to withdraw pending civil suits against Cupid Limited to pursue an amicable resolution.

Board appointments at a glance

The board approved the appointment of Harish Chander Khurana as an additional director in the category of non-executive independent director for a five-year term, subject to shareholder approval. He brings over 35 years of experience in banking operations and risk management, having retired from Bank of India in September 2022.

Simultaneously, Shreyans Surana, the existing managing director, was additionally designated as the chairman of the company effective September 2, 2026. He will continue to hold the office of managing director while serving as chairman. Consequently, Rohit Kedia, who previously served as chairman and whole-time director, will continue solely as whole-time director.

NRC reconstitution

The board reconstituted the Nomination and Remuneration Committee to comply with regulatory requirements. The new composition, effective September 2, 2026, includes three non-executive independent directors:

Litigation settlement with Cupid Limited

In a separate resolution, the board approved the withdrawal of two civil cases filed by Baazar Style Retail against Cupid Limited & Ors. before the Civil Judge (Senior Division), Alipore Court. The cases, T.S. 1020 of 2026 and T.S. 1015 of 2026, involved claims for declaration and injunctions against defamatory allegations.

The company stated it is engaging constructively with Cupid Limited toward an amicable resolution that serves the commercial interests of all stakeholders. In one of the suits, Baazar Style Retail had claimed a decree for ₹28.18 crore. The filing noted no immediate adverse financial implications from the withdrawal, apart from legal and incidental expenses.