Promoter Arun Malhotra has declared that no encumbrance was created or invoked on the equity shares of Brandman Retail Limited during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that the promoter and promoter group have not pledged or indirectly charged their shareholding in the company. This filing ensures compliance with regulatory requirements regarding the disclosure of share encumbrances.

The declaration was made in accordance with Regulation 31(4) read with Regulation 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was addressed to the Listing Department of the exchange and signed by Arun Malhotra on behalf of the promoter, members of the promoter group, and Persons Acting in Concert (PAC).

Key Details of the Disclosure

The confirmation of a clean shareholding status provides clarity to investors regarding the financial standing of the promoters. The absence of encumbrances indicates that the shares held by the promoter group are free from charges, which is a key factor for assessing the risk profile of the company's ownership structure.

Brandman Retail Limited has released the transcript of its earnings conference call held on May 20, 2026, to discuss the financial performance for the quarter and financial year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹25 Cr for FY26, up from ₹21 Cr in the previous year, with a total revenue of ₹162 Cr. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The management highlighted a PAT margin of 15.55% for the financial year. The EBITDA margin showed an inflection from 8.7% in FY24 to 22% in FY26. The company achieved a Compound Annual Growth Rate (CAGR) of 77% in PAT and 84.46% in EBITDA between FY24 and FY26.

Operational Highlights

Brandman Retail operates a total of 22 outlets, comprising 14 New Balance exclusive brand outlets (EBOs) and 8 Sneaker multi-brand stores (MBOs). The company holds distribution rights for 10 premium brands, including New Balance, Saucony, Wilson, and Rockport. The revenue breakdown for FY26 was 70.4% from B2B, 22% from retail, and 7.6% from e-commerce.

Strategic Expansion

The company outlined an aggressive retail expansion plan, targeting 50 Sneaker stores over the next five years with a vision to become a ₹1,000 Cr top-line company. For the upcoming year, the management plans to open 22 new stores, including 5 Anta stores, 2 Wilson stores, 5 Saucony stores, and 7 Sneaker stores, with the remainder being New Balance outlets. The expansion will be funded through the proceeds from its Initial Public Offering (IPO), which was listed on NSE Emerge on February 11, 2026.

Channel Mix and Margins

Management discussed the shift in strategy from B2B to B2C, aiming for retail and online to constitute 75 to 85% of the top and bottom line in the future. Gross margins for retail and e-commerce channels are around 54%, while B2B margins are approximately 50%. EBITDA margins for B2B are around 26%, compared to 18 to 20% for retail and e-commerce. The company noted that while B2B offers higher EBITDA margins, the strategic focus is on building the retail presence in India, particularly in tier-2 and tier-3 cities.

Key Speakers

The earnings call was led by the company's senior leadership:

• Mr. Arun Malhotra, Founder and Managing Director
• Mr. Ayushman Dubey, Chief Financial Officer
• Mr. Devendra Singh Negi, Chief Executive Officer