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.

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.

Baazar Style Retail Limited promoter Rajendra Kumar Gupta declared that the promoter group has not made any encumbrance of shares directly or indirectly during the financial year ended March 31, 2026. The disclosure confirms that the shares held by the promoter group remain free from any charge or lien, ensuring transparency for shareholders regarding the status of their holdings.

The declaration was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance on their holdings to maintain market transparency.

Key Details of the Declaration

The filings were addressed to the Department of Corporate Services at BSE Limited and the Listing Department at NSE Limited. A copy of the declaration was also marked to the Audit Committee of Baazar Style Retail Limited for record purposes.