Baazar Style Retail Announces Senior Management Personnel Resignations

Baazar Style Retail Limited has announced the resignations of two key senior management personnel, as disclosed to stock exchanges on January 14, 2026, in compliance with SEBI regulations. The company informed BSE Limited and National Stock Exchange of India Limited about the departures of Chief Operating Officer Saurav Jhunjhunwala and Vice President – Category Planning Gaurav Saraogi.

Resignation Details

Both senior executives submitted their resignation letters via email, citing personal reasons for their decision to leave the organization. The resignations were processed with different effective dates to ensure business continuity.

Executive:	Position	Effective Date	Reason
Saurav Jhunjhunwala	Chief Operating Officer	January 13, 2026	Personal reasons
Gaurav Saraogi	Vice President – Category Planning	January 31, 2026	Personal reasons

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive documentation including the required annexures and copies of resignation letters as mandated by SEBI circulars.

Resignation Timeline

Saurav Jhunjhunwala's resignation was processed immediately, with his relief from duties effective from the closure of business hours on January 13, 2026. His resignation letter, dated November 7, 2025, requested immediate relief from duties and responsibilities. Gaurav Saraogi submitted his formal resignation letter on January 2, 2026, providing a 30-day notice period with his last working day scheduled for January 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.59%	-0.43%	-6.67%	-10.57%	-10.46%	-35.78%

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:

Security Type:	Details
Equity Instruments:	Equity Shares, Warrants
Debt Instruments:	Fully/Partly Convertible Debentures, Non-Convertible Debentures
Preference Securities:	Preference Shares
Other Options:	Convertible or non-convertible instruments

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.