Baazar Style Retail Limited has announced that its Board of Directors will convene on January 20, 2026, to deliberate on a comprehensive fund raising proposal. The meeting has been scheduled in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Proposal Details

The board meeting will focus on considering and approving proposals for raising funds through the issuance and offer of various securities instruments. The company has outlined multiple options for the fund raising exercise:

Proposed Fund Raising Methods

The company plans to explore various permissible modes for the fund raising initiative, ensuring compliance with applicable laws and regulatory requirements:

• Qualified Institutional Placement (QIP)
• Rights Issue
• Private Placement
• Preferential Allotment
• Combination of above methods

All proposed methods will be subject to necessary regulatory and statutory approvals as required under applicable laws.

Trading Window Restrictions

The company has maintained strict compliance with insider trading regulations by keeping the trading window closed for all designated persons and their immediate relatives. This restriction was initially implemented in view of the approval of financial results for the quarter ended December 31, 2025, as communicated on December 24, 2025.

The trading window will continue to remain closed to ensure full compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, covering all price-sensitive matters scheduled for discussion at the upcoming board meeting.

Corporate Compliance

The announcement was made by Abinash Singh, who serves as Chief Compliance Officer, Company Secretary, and Head of Legal & Compliance for Baazar Style Retail Limited. The company operates under the Corporate Identity Number L18109WB2013PLC194160 and is headquartered at PS Srijan Tech Park in Salt Lake, Kolkata.

Baazar Style Retail Limited , one of the leading value fashion retailers in Eastern India, has reported robust financial performance for the third quarter and nine months ended December 31, 2025. The Kolkata-based retailer demonstrated strong revenue momentum while continuing its aggressive store expansion strategy across key markets.

Strong Revenue Performance Exceeds Guidance

The company delivered impressive financial results across multiple time periods, with particularly strong nine-month performance:

The nine-month revenue growth of 38% significantly surpassed the company's earlier guidance of 30% growth, highlighting the resilience of its business model and continued customer trust. For the calendar year 2025, revenue reached ₹17,213.00 million, marking a substantial 41% increase from ₹12,216.00 million in calendar year 2024.

Aggressive Store Expansion Strategy

Baazar Style Retail continued its expansion drive during the nine-month period, adding 45 new stores while closing 7 stores, resulting in a net addition of 38 stores. This brought the total store count to 252, representing a healthy 27% year-over-year growth. The expansion increased the company's total rental area by 30% to 23.35 lakh square feet, strengthening its presence and accessibility across key markets.

Same Store Sales Growth Faces Headwinds

Despite strong overall revenue growth, same-store sales growth (SSSG) encountered challenges across different regions:

Several factors impacted SSSG performance during the period. The preponement of festive sales, with Durga Puja occurring in September 2025 versus October 2024, significantly affected Q3FY26 SSSG. Heavy rainfall in West Bengal and unrest in parts of Assam and Tripura during peak festive sales further impacted performance in the company's core markets.

Strategic Cluster-Based Expansion Impact

The company's strategic approach of cluster-based store expansion influenced SSSG metrics, as 25 new stores were opened within existing clusters during the nine-month period. While this resulted in an 8% decline in SSSG for mature stores within these clusters, the rapid ramp-up of new stores significantly enhanced overall cluster productivity. This strategy enabled higher throughput and improved operating leverage, with clusters recording strong revenue growth of 52% at the cluster level.

States other than West Bengal, Assam, and Tripura continued to deliver healthy growth, with SSSG remaining resilient at 8% during the nine-month period, demonstrating the company's successful geographic diversification strategy.

Company Overview and Outlook

Established in 2013 and based in Kolkata, Baazar Style Retail Limited operates as a value fashion retailer focusing on family-oriented shopping experiences. The company positions itself as a one-stop shop catering to entire family requirements, offering quality products at affordable prices to Indian consumers.

The management expressed confidence in the company's ability to sustain momentum and deliver long-term value through operational excellence, strategic expansion, and customer-centric initiatives. The strong nine-month performance, exceeding earlier guidance, underscores the effectiveness of the company's business model and market positioning in the competitive retail landscape.