Brand Concepts Limited (NSE: BCONCEPTS, BSE: 543442) has announced a significant expansion of its retail presence, opening four new BAGLINE stores in key locations across India. This strategic move aims to enhance customer accessibility, strengthen market presence, and provide superior service in line with the company's growth trajectory.

New Store Locations

The company has launched new BAGLINE retail outlets in the following cities:

1. Surat, Gujarat: Located at Roongta Estella near VNSG University, Um Road, City Light
2. Bangalore, Karnataka: Situated in the departure terminal of Kempe Gowda International Airport
3. New Delhi: Positioned at World Mark 1 in Aerocity
4. Nagpur, Maharashtra: Opened at Poonam Mall on VIP Road, Ramdas Peth

Strategic Expansion

This retail expansion demonstrates Brand Concepts Limited's commitment to growth and its focus on key markets across India. The diverse locations of these new stores highlight the company's strategy to cater to different customer segments:

• The Surat store targets the local urban population near a university area.
• The Bangalore airport location taps into the high-traffic travel retail segment.
• The New Delhi store in Aerocity aims to capture the business and luxury market.
• The Nagpur mall location focuses on reaching shoppers in a popular retail environment.

Company's Perspective

In an official communication to the stock exchanges, Brand Concepts Limited stated, "The Company remains committed to its growth trajectory and this strategic expansion reflects our ongoing efforts to enhance customer accessibility, strengthen our market presence, and provide superior service across key regions."

About BAGLINE

BAGLINE is a retail brand under Brand Concepts Limited, offering a range of bags and accessories. The expansion of BAGLINE stores indicates the company's focus on strengthening this brand's presence in the Indian retail market.

This retail expansion by Brand Concepts Limited comes as part of its broader strategy to increase its market share and improve accessibility for customers across different regions of India. As the company continues to grow its retail footprint, investors and market watchers will likely keep a close eye on how this expansion impacts the company's performance in the coming quarters.

Brand Concepts Limited has announced a crucial board meeting scheduled for August 1, 2025, to address significant financial matters following a recent merger. The company, known for its presence in the retail sector, is set to review and approve restated audited financial statements in compliance with regulatory requirements.

Key Highlights

• Board Meeting Date: August 1, 2025
• Primary Agenda: Consideration and approval of restated audited financial statements
• Reason for Restatement: Merger with IFF Overseas Private Limited
• Merger Approval Date: May 9, 2025, by the National Company Law Tribunal (NCLT) Indore Bench

Merger and Financial Restatement

The need for restated financial statements arises from the merger of IFF Overseas Private Limited with Brand Concepts Limited. This corporate action, approved by the NCLT Indore Bench on May 9, 2025, necessitates a comprehensive review of the company's financial position to reflect the combined entity accurately.

Regulatory Compliance

Brand Concepts Limited has emphasized its commitment to regulatory compliance in this process. The company stated that the restatement would be carried out in accordance with:

• The Companies Act, 2013
• SEBI Regulations
• Indian Accounting Standards (Ind AS)

Audit Committee Review

Prior to the board's consideration, the restated audited financial statements will undergo a review by the Audit Committee. This step ensures an additional layer of scrutiny and adherence to corporate governance practices.

Investor Communication

The company has proactively communicated this development to the stock exchanges, demonstrating transparency in its operations. Swati Gupta, Company Secretary & Compliance Officer of Brand Concepts Limited, submitted the intimation in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders of Brand Concepts Limited will be keenly awaiting the outcome of this board meeting, as the restated financial statements will provide a clearer picture of the company's financial position post-merger.