Baazar Style Retail Limited has received a GST assessment order from the Deputy Commissioner of Revenue, Directorate of Commercial Taxes, West Bengal, Kolkata, with a total demand of ₹12,09,250. The order, dated and received on December 26, 2025, covers the assessment period from May 2018 to October 2018.

GST Assessment Details

The assessment order breaks down the total demand across multiple components, reflecting both the primary tax liability and associated charges.

Nature of Alleged Violations

The company is alleged to have contravened provisions of the GST Act by claiming Input Tax Credit (ITC) on inward supplies sourced from suppliers whose GST registrations were cancelled ab-initio. This practice is considered a violation under GST regulations, leading to the assessment order and subsequent demand.

Company's Response and Financial Impact

Baazar Style Retail Limited has indicated that there is no impact on its financials, operations, or other activities except to the extent of the potential payment of ₹12,09,250. The company maintains a strong position regarding the assessment, believing that the demand is not feasible as per existing law.

Legal Recourse

The company has announced its intention to challenge the assessment order through proper legal channels. Baazar Style Retail Limited plans to file a suitable appeal against the order with the "First Appellate Authority," demonstrating confidence in its legal position and the validity of its GST compliance practices during the assessed period.

This disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding material developments affecting the company.

Baazar Style Retail Limited has expanded its retail presence with the opening of a new Express Baazar store in Nagaon, Assam, on December 20, 2025. This latest addition brings the company's total store count to 252 outlets across its network.

Store Network Expansion

The new store opening represents the company's continued expansion strategy in the northeastern region of India. With this latest addition, Baazar Style Retail Limited's total store count has reached 252 outlets.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing both the BSE Limited and National Stock Exchange of India Limited about this business development. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Abinash Singh, who serves as the Chief Compliance Officer, Company Secretary, and Head of Legal Compliance for the organization, signed the disclosure.

Company Information

Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., operates in the retail sector with its headquarters located at PSS Srijan Tech Park in Kolkata, West Bengal. The company is listed on both major Indian stock exchanges.

This store opening demonstrates Baazar Style Retail's commitment to expanding its retail footprint across different regions of India, particularly in emerging markets like Assam, as part of its growth strategy.