Baazar Style Retail seeks shareholder nod for borrowing limits

Baazar Style Retail has initiated a postal ballot process to seek shareholder approval for four special business items, primarily focusing on financial authorisations. The company aims to secure consent for increasing borrowing limits, creating charges on assets, and providing loans or guarantees under the Companies Act, 2013. Additionally, shareholders will vote on the remuneration of Mr. Avishek Prasad. These resolutions require either special or ordinary approval, impacting the company's financial flexibility and governance structure.

The remote e-voting facility will open on Saturday, 20 June 2026 at 9:00 A.M. (IST) and close on Sunday, 19 July 2026 at 5:00 P.M. (IST). Baazar Style Retail has fixed Friday, June 12, 2026, as the cut-off date to determine shareholder eligibility for voting. The detailed postal ballot notice, including the explanatory statement and voting instructions, will be dispatched electronically to members and submitted to the stock exchanges on or before Friday, June 19, 2026.

Resolutions for Shareholder Approval

The company has placed four items before the shareholders, all requiring specific types of resolutions under the Companies Act, 2013. 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

Key Dates and Compliance

The filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Abinash Singh, Chief Compliance Officer, Company Secretary, and Head - Legal & Compliance, signed the disclosure on June 16, 2026. The notice will also be available on the company's website and the designated e-voting agency's portal.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.03%	+5.23%	-6.77%	+27.26%	+32.23%	-13.75%

Baazar Style Retail has expanded its retail footprint by opening a new store in Gaya, Bihar. This strategic addition brings the company's total operational store count to 276, reinforcing its presence in the value retail segment across India.

Store Expansion Details

The new outlet, operating under the Style Baazar brand, was inaugurated on June 12, 2026. This development is part of the company's broader strategy to deepen its market penetration in key regions like Bihar.

The table below outlines the key parameters of the recent expansion:

Parameter	Details
Store Location	Gaya, Bihar
Total Stores (Post-Opening)	276

Strategic Growth

With this latest opening, Baazar Style Retail continues to strengthen its network. The milestone of 276 stores highlights the company's consistent efforts to broaden its reach and cater to a growing customer base in the value retail sector.