Baazar Style Retail Ltd

Baazar Style Retail Limited informed the BSE Limited and National Stock Exchange of India Limited that it is enclosing a certificate issued by MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, the company’s Registrar and Share Transfer Agent, for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Baazar Style Retail Limited announced the allotment of 10,00,000 equity shares with a face value of Rs 0.05 each at an issue price of Rs 328.25, including a premium of Rs 323.25, to Cupid Limited, a non-promoter body corporate, pursuant to the conversion of equity warrants. The allotment, which occurred on September 26, 2026, involved converting 10,00,000 warrants out of the remaining 86,00,000 warrants initially allotted, and the shares will rank pari-passu with existing equity shares.

Baazar Style Retail Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Baazar Style Retail Limited announced the reconstitution of its Nomination and Remuneration Committee, the appointment of Mr. Harish Chander Khurana as an Additional Director (Non-Executive Independent Director) for a term of five years, and the additional designation of Mr. Shreyans Surana, currently Managing Director, as Chairman of the Company, effective September 2, 2026. Additionally, the company will withdraw cases filed against Cupid Limited & Ors. pending before the Civil Judge (Senior Division), Alipore Court, as part of an amicable resolution process.

Baazar Style Retail Limited has reconstituted its Nomination and Remuneration Committee and appointed Mr. Harish Chander Khurana as an Additional Director (Non-Executive Independent Director) for a term of five years, effective September 2, 2026. Additionally, the company has designated Mr. Shreyans Surana, currently Managing Director, as Chairman, while Mr. Rohit Kedia will continue as Whole-Time Director. Furthermore, Baazar Style Retail Limited has agreed to withdraw cases filed against Cupid Limited & Ors. before the Civil Judge (Senior Division), Alipore Court, as part of an amicable resolution process.

Baazar Style Retail Limited informed the BSE Limited and National Stock Exchange of India that Mrs. Ushma Sheth Sule has resigned from her position as Non-Executive, Non-Independent Director, effective August 19, 2026, citing other commitments.

Baazar Style Retail Ltd share price slipped 0.75% to Rs 348.75 after the company's net profit tumbled by 108.69% to Rs 2.23 crore, while revenue from operations slightly gained 4.44% to Rs 486.38 crore in Q2FY26 over Q1FY26. The market capitalization of Speciality Retail industry group stocks on BSE stood at Rs 2.94 lakh crore, easing 5.16%. It has softened by 0.20% over last one week and moving up by 11.76% in last one month while the market capitalization of Baazar Style Retail Ltd has gained 14.38% and 8.44% in the same period respectively. Profit before tax (PBT) of Baazar Style Retail Ltd stood at Rs 3.33 crore in Q2 FY26, surging by 17.25% year-on-year, and tumbling by 109.24% quarter-on-quarter. EBITDA came in at Rs 68 crore, rallying 23.73% YoY and jumping 48.09% sequentially. Total expenses inched up 0.21% to Rs 466.26 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 41.4 crore, ticking higher by 2.58% YoY. For the TTM ended FY26, revenue from operations surged 38.12% to Rs 1343.71 crore, while net profit tanked by 33.18% to Rs 14.66 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 15766% to Rs 180.6 crore, and PBT collapsed by 35.39% to Rs 18.88 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 52.69 crore in FY26, as against Rs 111.7 crore in FY25. Baazar Style Retail Ltd surged by 12.72% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.

Baazar Style Retail Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

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Baazar Style Retail has opened a new store of Style Baazar at Kalambagh, Muzaffarpur, Bihar, today. With this addition, the total number of stores as on date stands at 275.