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.

Bazaar Style Retail Limited's board of directors has approved a significant fundraising initiative through the preferential issue of equity warrants to Cupid Limited. The board meeting held on January 20, 2026, resulted in the approval of this strategic capital raising exercise worth over ₹331 crores.

Warrant Issue Details

The board approved the issuance of 1,01,00,000 equity warrants to Cupid Limited at an issue price of ₹328.25 per warrant. The transaction structure and key parameters are outlined below:

The warrants are fully convertible into equivalent number of fully paid equity shares of the company. Each warrant can be converted into one equity share within 18 months from the date of allotment, in accordance with SEBI ICDR Regulations.

Transaction Structure and Compliance

The preferential issue is being conducted under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Monarch Networth Capital Limited is acting as the sole advisor to this transaction. The relevant date for the preferential issue, as per SEBI ICDR Regulations, is January 14, 2026.

The transaction requires several approvals before completion:

• Shareholder approval from Bazaar Style Retail Limited
• Regulatory and statutory approvals as required
• Compliance with applicable laws and regulations

Shareholding Impact

Upon full conversion of the warrants, the shareholding pattern will undergo significant changes:

Cupid Limited currently holds no shares in Bazaar Style Retail Limited. Upon full conversion of all warrants, Cupid Limited will hold 11.92% stake in the company, making it a significant non-promoter shareholder.

Warrant Conversion Terms

The equity warrants come with specific conversion and forfeiture terms. If warrant holders fail to exercise their conversion rights within the 18-month period, the unexercised warrants will lapse automatically. In such cases, 25% of the consideration paid will be forfeited by the company, while the remaining amount may be refunded to the warrant holder.

The board meeting commenced at 4:00 PM and concluded at 8:55 PM on January 20, 2026. The company has informed both BSE Limited and National Stock Exchange of India Limited about this significant corporate development as required under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.