Baazar style retail Limited has announced the opening of a new Style Baazar store at Padri Bazar, Uttar Pradesh on February 14, 2026. The company disclosed this development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Store Expansion Details

The new store opening represents the company's ongoing retail expansion strategy across different regions of India. With this latest addition, Baazar Style Retail's network has grown to encompass 255 stores nationwide.

Regulatory Compliance

The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited. The disclosure ensures compliance with regulatory requirements for material information that could impact investor decisions.

Company Information

Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., operates from its headquarters at PS Srijan Tech Park in Salt Lake, Kolkata. The company continues to expand its retail footprint across various markets in India, focusing on the Style Baazar format.

The disclosure was signed by Abinash Singh, who serves as Chief Compliance Officer, Company Secretary, and Head of Legal & Compliance for the company.

Baazar Style Retail Limited successfully conducted its Extra-Ordinary General Meeting on February 13, 2026, through video conferencing to address a critical strategic initiative. The meeting, held from 12:00 Noon to 12:43 PM IST, focused on approving the issuance of fully convertible equity warrants on preferential basis to identified persons.

Meeting Participation and Governance

The EOGM witnessed substantial participation from stakeholders, with comprehensive representation from the company's leadership team. The meeting was conducted in accordance with the Companies Act, 2013, and SEBI Listing Regulations, ensuring full compliance with regulatory requirements.

The board was fully represented with all directors participating through video conferencing from various locations including Kolkata, Surat, Mumbai, and Bikaner. Key attendees included Chairperson Rohit Kedia, Managing Director Shreyans Surana, and other whole-time and independent directors.

Strategic Partnership Initiative

The primary agenda centered on the approval of fully convertible equity warrants, which forms part of the company's strategic partnership with Cupid Limited. Managing Director Shreyans Surana elaborated on the strategic rationale and synergies of this partnership during the meeting.

The leadership emphasized several key benefits of this initiative:

• Support for store expansion plans
• Reduction in existing borrowings
• Enhancement of working capital position
• Long-term value creation for stakeholders

Voting Results and Overwhelming Approval

The special resolution received overwhelming support from shareholders across all categories. CS Sanjay Kumar Joshi from S.K. Joshi & Associates served as the scrutinizer for the comprehensive voting process.

Category-wise Voting Breakdown

The resolution received unanimous support from promoter and institutional categories, with minimal opposition from public non-institutional shareholders.

Compliance and Documentation

The company implemented a comprehensive voting mechanism through MUFG Intime India Private Limited, ensuring maximum shareholder participation. Remote e-voting was conducted from February 10, 2026, 09:00 AM IST to February 12, 2026, 05:00 PM IST, with additional e-voting facility available during the meeting.

Chief Compliance Officer Abinash Singh confirmed that the consolidated voting results and scrutinizer's report have been submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of SEBI Listing Regulations. The results are available on the company's website at stylebaazar.in.

This strategic initiative represents Baazar Style Retail Limited's commitment to purposeful growth and strengthening its financial position through strategic partnerships and capital optimization, now formally approved with requisite majority.