Shoppers Stop Limited shareholders approved the company’s audited standalone and consolidated financial statements for FY26 and re-appointed key board members at its 29th Annual General Meeting (AGM) held on July 22, 2026. The meeting, conducted via video conferencing, saw a robust voting participation of 88.88%, reflecting strong shareholder engagement in governance matters including director appointments and remuneration approvals. The near-unanimous support underscores stable confidence in the company’s governance structure and financial reporting for the fiscal year ended March 31, 2026.

The Board sought approval for four resolutions, all of which were passed with overwhelming support. Remote e-voting commenced on July 18, 2026, and concluded on July 21, 2026, followed by e-voting during the AGM session. Mr. Kaushal Dalal of Kaushal Dalal & Associates was appointed as the Scrutinizer to oversee the voting process in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Scrutinizer’s Report, dated July 23, 2026, confirms that all resolutions were duly transacted and approved with the requisite majority.

Voting Results by Resolution

Shareholders representing 97,88,20,18 votes polled out of 1,10,12,47,46 shares held participated in the voting process. The promoter group held 7,27,48,367 shares, while public institutional and non-institutional holders accounted for the remainder.

Key Governance Actions

The ordinary resolution for the adoption of financial statements received unanimous support from all voting categories, with zero votes against. The re-appointment of Mr. Ravi C. Raheja (DIN: 00028044), who retires by rotation, was approved with 99.99% support, with minimal dissent from public non-institutional holders. Similarly, the special resolution to re-appoint Mr. Arun Sirdeshmukh (DIN: 01757260) as an Independent Director secured 99.99% approval.

The final resolution concerning the remuneration of Non-Executive Directors also passed unanimously among promoters and public institutions, with only 19 votes cast against by public non-institutional shareholders. The consolidated voting results and the Scrutinizer's Report are available on the company’s website and KFin Technologies Limited’s platform.

What the Numbers Show

The high participation rate of 88.88%, particularly from the promoter group which voted 99.34% of its holdings, indicates active oversight. While dissent was negligible, the slight opposition in director re-appointments from public non-institutional investors warrants monitoring in future engagements. The unanimous approval of financial statements suggests broad alignment on the company’s fiscal performance for FY26.

Shoppers Stop will hold a meeting with representatives from Emkay Investment Managers Ltd on July 27, 2026, at 3:30 p.m. The senior management of the company will engage with the investors in person to discuss business matters. The company clarified that no unpublished price sensitive information is proposed to be shared or discussed during this meeting.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation scheduled for the meeting will be made available for access. This information has been published on the corporate website of Shoppers Stop Limited under the disclosures section.

Meeting Details

The schedule for the meeting remains subject to change depending upon exigencies. Rakeshkumar Sanwarmal Saini, Vice President – Legal, CS & Chief Compliance Officer, signed the disclosure on behalf of the company.