Baazar Style Retail Limited announced the outcome of its Board meeting held on February 6, 2026, where directors approved Q3FY26 financial results and significant leadership changes under Regulations 30 and 33 of SEBI Listing Obligations and Disclosure Requirements.

Financial Performance Q3FY26

The company delivered steady performance in the third quarter with revenue from operations reaching ₹46,646.29 lakhs compared to ₹41,160.30 lakhs in the corresponding quarter of the previous year. Net profit after tax stood at ₹1,896.67 lakhs for Q3FY26, compared to ₹3,041.80 lakhs in Q3FY25.

Nine-Month Performance

For the nine months ended December 31, 2025, the company showed strong growth with revenue from operations of ₹1,37,595.41 lakhs compared to ₹99,822.33 lakhs in the corresponding period of the previous year. Net profit after tax increased significantly to ₹7,252.78 lakhs from ₹2,113.84 lakhs in the previous year.

Leadership Transition

The Board approved the appointment of Mr. Rohit Kedia as the new Chairman based on recommendations from the Nomination and Remuneration Committee. Mr. Kedia, a Promoter and Whole-Time Director with over 24 years of experience in the retail and garment industry, has been associated with the company since its incorporation. He holds a Bachelor's degree in Commerce from the University of Calcutta.

Mr. Pradeep Kumar Agarwal resigned from his position as Chairman effective from the end of February 6, 2026, but will continue as a Whole-Time Director. His resignation letter dated February 3, 2026, cited the company's goals for providing leadership opportunities within the Board of Directors.

Senior Management Appointment

The Board appointed Mr. Pradeep Jajoria as Head - Category Planning, a Senior Management Personnel position. Mr. Jajoria brings over 14 years of experience in retail analytics and merchandise planning, holding an M.Sc. in Operational Research from the University of Delhi and a PG Certificate in AI and Deep Learning from IIT Ropar. He has previously worked with V2 Retail Ltd., Lenskart Pvt. Ltd., Genesis Colors Pvt. Ltd., Bharti Retail Ltd., and JC Penney India Pvt. Ltd.

Regulatory Compliance and Trading Window

The Board meeting commenced at 5:00 P.M. (IST) and concluded at 6:23 P.M. (IST). The company announced that the trading window for dealing with the company's securities shall remain closed until 48 hours from the announcement. The unaudited standalone and consolidated financial results were approved along with Limited Review Reports containing unmodified opinions from the statutory auditors.

Exceptional Items Impact

The company's results included exceptional items totaling ₹133.59 lakhs charge in Q3FY26, primarily related to the impact of new Labour Codes notified by the Government of India. For the nine months ended December 31, 2025, exceptional items showed a net credit of ₹5,315.71 lakhs, mainly due to lease term reassessment gains recognized in the previous quarter.

Baazar style retail Limited has announced the opening of a new Style Baazar store in Lohardaga, Jharkhand, marking another milestone in the company's retail expansion strategy. The store opening was disclosed on January 23, 2026, in compliance with regulatory requirements.

Store Expansion Details

The new outlet in Lohardaga represents the company's continued focus on expanding its presence across various markets in India. With this latest addition, Baazar Style Retail Limited has strengthened its footprint in the eastern region of the country.

Network Growth

The addition of the Lohardaga store brings the company's total retail network to 253 stores across India. This expansion demonstrates the company's commitment to increasing its market presence and accessibility to customers in tier-2 and tier-3 cities.

Regulatory Compliance

The store opening announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Abinash Singh, Chief Compliance Officer, Company Secretary and Head - Legal & Compliance, ensuring proper regulatory compliance and transparency with stakeholders.

The company continues to focus on strategic store additions to enhance its retail network and serve customers across diverse geographical locations in India.