Brand Concepts opened a new Off-White retail store at DLF Promenade Mall in New Delhi on September 17, 2026. The expansion adds to the company’s footprint in the luxury fashion segment.

The new outlet is located at Unit No. 135, Ground Floor, DLF Promenade 3, Nelson Mandela Marg, Vasant Kunj Phase 2, New Delhi – 110070. The store features a modern design with large glass display windows and prominent branding elements.

Store Details

The facility includes dedicated display areas for handbags and apparel. Key visual elements include the Off-White logo and signature arrow symbols. The interior design incorporates wooden benches and light-colored tile flooring.

Brand Concepts disclosed the opening pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the National Stock Exchange of India Limited and BSE Limited of the development.

Brand Concepts has clarified that it has neither proposed nor declared any dividend for the financial year under consideration. The company stated that the book closure period mentioned in its 19th Annual General Meeting (AGM) notice is primarily for determining shareholder eligibility for the meeting, not for dividend distribution.

Dividend Clarification

The clarification follows an inquiry from BSE Limited regarding the record date intimation filed on September 1, 2026. The AGM notice originally contained a disclosure stating that the Register of Members and Share Transfer Books would remain closed from September 17, 2026, to September 24, 2026, for the purpose of the AGM and "determining the name of members eligible for dividend on equity shares, if declared, at the Meeting."

Brand Concepts emphasized that the phrase "if declared" was used because the matter of dividend was subject to declaration at the AGM. However, the company confirmed there is no agenda item relating to the declaration of dividend in the 19th AGM notice. Consequently, the book closure does not constitute a fixation of a record date for dividend.

Key Agenda Items

The meeting will address several ordinary and special resolutions critical to the company’s governance and financial flexibility.

Borrowing Powers

Shareholders will vote on a special resolution under Section 180(1)(c) of the Companies Act, 2013. The proposal seeks consent for the Board to borrow monies up to an aggregate outstanding limit of ₹150 crore. This facility is intended to meet working capital requirements, capital expenditure, and general corporate purposes.

Related Party Transactions

The company seeks approval to enhance the loan and guarantee limit for associate company 7E Wellness India Private Limited. The limit increases from ₹2 crore to ₹3 crore. These funds are designated for the associate’s principal business activities in distribution and sale of wellness products.

Director Appointments

• Reappointment of Mrs. Annapurna Maheshwari as a Non-Executive Director liable to retire by rotation.
• Reappointment of Mr. Govind Shridhar Shrikhande as an Independent Director for a second five-year term, from March 23, 2027, to March 22, 2032.

Remuneration Approvals

The AGM will also approve remuneration structures for key board members:

Mrs. Maheshwari’s remuneration is expected to exceed 50% of the total annual remuneration payable to all Non-Executive Directors, necessitating shareholder approval under Regulation 17(6)(ca) of SEBI Listing Regulations.

Meeting Logistics

• Date: September 24, 2026
• Time: 11:00 am
• Mode: VC/OAVM
• Remote E-Voting Period: September 21, 2026, to September 23, 2026
• Record Date: September 17, 2026, to September 24, 2026