Shoppers Stop adopts FY26 financial statements at 29th AGM
Shoppers Stop Limited successfully conducted its 29th AGM on July 22, 2026, adopting the audited financial statements for FY26 and re-appointing Mr. Ravi C. Raheja and Mr. Arun Sirdeshmukh as directors. Shareholders also approved remuneration for non-executive directors. The meeting was held via video conferencing with 79.75% of the paid-up share capital represented through remote e-voting.
*this image is generated using AI for illustrative purposes only.
Shoppers Stop Limited convened its 29th Annual General Meeting (AGM) on July 22, 2026, through video conferencing to approve the financial statements for the financial year ended March 31, 2026, and re-appoint key directors. The meeting, chaired by Mr. Nirvik Singh, commenced at 10:30 a.m. with the requisite quorum present. Shareholders voted on four resolutions, including the adoption of audited financial results and the re-appointment of Mr. Ravi C. Raheja and Mr. Arun Sirdeshmukh to the Board.
Key Resolutions Passed
The business transacted at the meeting included the adoption of financial statements and director appointments. The resolutions were put to vote via remote e-voting, which commenced on July 18, 2026, and concluded on July 21, 2026. A total of 24 non-individuals representing 8,78,22,095 equity shares, constituting 79.75% of the total paid-up share capital, participated in the voting process.
| Sr. No. | Resolution Description | Type |
|---|---|---|
| 1 | Adoption of audited Standalone and Consolidated Financial Statements for FY26 | Ordinary Resolution |
| 2 | Re-appointment of Mr. Ravi C. Raheja (DIN: 00028044), retiring by rotation | Ordinary Resolution |
| 3 | Re-appointment of Mr. Arun Sirdeshmukh (DIN: 01757260) as Independent Director | Special Resolution |
| 4 | Approval of remuneration to Non-Executive Directors | Special Resolution |
Meeting Proceedings and Participation
Mr. Rakeshkumar Saini, Company Secretary & Chief Compliance Officer, briefed the members on the general instructions for the conduct of the proceedings. Mr. Kaushal Dalal, Proprietor of M/s. Kaushal Dalal & Associates, was appointed as the Scrutiniser to oversee the voting process. All directors attended the meeting except Mr. Ashish Hemrajani, Independent Director, and Mr. Neel C. Raheja, Non-Executive Director, who were granted leave of absence.
The Chairman, Managing Director, and Chief Financial Officer addressed queries raised by the speakers during the session. The e-voting facility at the AGM remained open for 15 minutes to enable members to cast their votes. The meeting concluded at 11:44 a.m. with the declaration of consolidated voting results. A detailed Scrutiniser’s Report will be submitted to the stock exchanges within the statutory time period.
Historical Stock Returns for Shoppers Stop
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.76% | +0.19% | +5.24% | +9.93% | -31.72% | +48.15% |
What strategic priorities will the re-appointed directors focus on to drive growth in FY27?
How will the company adapt to evolving retail trends following the approval of FY26 financial results?
What impact will the approved remuneration for Non-Executive Directors have on shareholder sentiment?
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