Archies Limited has announced the resignation of Independent Director Rajinder Kumar Verma, effective from the closure of business hours on March 11, 2026. The resignation was communicated through a formal letter addressed to the Board of Directors, citing personal commitments as the primary reason for his departure.

Resignation Details

In his resignation letter dated March 11, 2026, Verma expressed gratitude to the company and its shareholders for the opportunity to serve as an Independent Director. The following table summarizes the key details of his resignation:

Committee Positions

Along with his directorship, Verma will also step down from several key committee positions where he served as Chairman. His departure affects multiple governance committees of the company:

• Chairman of the Audit Committee
• Chairman of the Nomination and Remuneration Committee
• Chairman of the Corporate Social Responsibility Committee

Confirmation and Acknowledgment

Verma specifically confirmed in his resignation letter that there are no other material reasons for his departure beyond the personal commitments mentioned. He acknowledged the enriching experience of serving on the Board and thanked the Directors for their continuous support and guidance throughout his tenure.

The resignation follows the standard corporate governance procedures, with the formal communication sent to key company officials including the company secretary and other board members. Verma concluded his letter by wishing the company success in its future endeavors.

Archies Limited has announced the launch of 'Archies Express', a new retail format designed to connect with today's fast-evolving, style-conscious consumers. The company plans to open 20 Archies Express stores across India in the current financial year, marking a significant step in its retail transformation journey.

Strategic Retail Format Launch

The new Archies Express format represents the brand's evolution for a younger audience while maintaining its core philosophy of connection and self-expression. The format places stronger focus on lifestyle accessories, trendy collectibles, stationery, and everyday expression-led products, reflecting changing consumer preferences towards personalization, immediacy, and design-led purchases.

Leadership Vision and Market Positioning

Commenting on the launch, Varun Moolchandani and Hanisha Gandhi, Executive Directors at Archies, emphasized the brand's commitment to evolving with changing times. They highlighted that today's consumers, especially millennials and Gen Z, seek products that blend style, function, and personal expression. The new format aims to create a retail experience that is faster, more accessible, and deeply relevant while maintaining the warmth and nostalgia associated with the Archies brand.

Store Design and Product Strategy

The Archies Express stores feature a modern, minimalist, and vibrant design language, distinct from traditional Archies outlets. The curated product mix focuses on fast-moving, high-appeal categories including:

• Contemporary gifting essentials
• Lifestyle accessories
• Stationery products
• Soft toys and chocolates
• Fragrances and seasonal collections

The format is designed to encourage discovery and impulse buying while offering an engaging, feel-good in-store experience.

Expansion Strategy and Business Model

Archies' expansion strategy will focus on a balanced mix of metros and high-potential Tier 2 cities, with strong emphasis on mall-based formats in high-footfall locations. The new retail identity follows a cost-efficient, scalable model with lower capex per store, enabling faster rollouts and quicker breakeven.

Archies Express is designed to complement the brand's existing stores, strengthening overall retail presence rather than replacing the traditional format. This approach aligns with the company's long-term growth strategy, focused on optimized operations, efficient inventory planning, and strong unit-level economics.

Company Background

Archies Limited operates a chain of stores selling greeting cards and gifts for the past 45 years. The company retails photo albums, baby books, jewellery and accessories, gift hampers, perfumes, stuffed toys, and other gifts. With a network of 1000+ sales points including company owned stores, retailers, franchise and distributors, Archies has established mastery over its distribution network with conscious focus on targeting malls and prime retail spaces.