Key Dates

  • Cut-off date for voting rights: Friday, June 12, 2026
  • Remote e-voting period: Saturday, June 20, 2026 at 9:00 AM IST to Sunday, July 19, 2026 at 5:00 PM IST
  • Result declaration: On or before Tuesday, July 21, 2026

Resolutions for Approval

Item No. 1: Borrowing Limit under Section 180(1)(c)
  • Type: Special Resolution
  • Purpose: To authorize the Board to borrow money from banks, NBFCs, financial institutions, bodies corporate, or any other entity
  • Limit: Total borrowed amount outstanding at any time shall not exceed ₹500 Crore or the aggregate of paid-up share capital, securities premium, and free reserves (whichever is higher)
  • Exclusion: Temporary loans obtained from bankers in ordinary course of business are excluded from this limit
Item No. 2: Creation of Charges under Section 180(1)(a)
  • Type: Special Resolution
  • Purpose: To create charges, mortgages, security, encumbrances on present and future movable/immovable properties of the company
  • Security: To secure borrowings up to ₹500 Crore or aggregate of paid-up share capital, securities premium, and free reserves (whichever is higher)
  • Supersedes: Special Resolution passed at AGM on July 19, 2024 (which had limit of ₹175 Crore)
Item No. 3: Loans, Guarantees & Investments under Section 186
  • Type: Special Resolution
  • Purpose: To authorize giving loans, providing guarantees/securities, and making investments in other body corporates
  • Limit: Aggregate amount shall not exceed ₹500 Crore or limits prescribed under Section 186(2) of Companies Act, 2013 (whichever is higher)
Item No. 4: Remuneration of Mr. Avishek Prasad under Section 188(1)(f)
  • Type: Ordinary Resolution
  • Person: Mr. Avishek Prasad, Head - General Merchandise
  • Current remuneration: ₹2,50,000 per month
  • Proposed maximum remuneration: ₹10,00,000 per month
  • Relationship: Son of Mr. Bhagwan Prasad, Whole-time Director of the Company (related party transaction)
  • Approvals: Recommended by Nomination and Remuneration Committee and approved by Audit Committee and Board

Voting Arrangements

  • Scrutinizer: Mr. Sanjay Kumar Joshi (FCS: 6745, COP: 7342), Partner of M/s. S.K. Joshi & Associates
  • E-voting service provider: MUFG Intime India Private Limited
  • Voting methods: Multiple electronic voting options provided for demat and physical shareholders
  • Result publication: To be intimated to BSE and NSE, and uploaded on company website and MUFG website

Business Context

The explanatory statement provides context for the resolutions:

  • Store expansion: Company has grown from 162 stores (FY24) to 263 stores (FY26)
  • Revenue growth: Revenue increased from ₹972.65 Crore (FY24) to ₹1,840.87 Crore (FY26)
  • Geographic presence: Operations across 10 states in India
  • Funding needs: Requirements for store expansion, working capital, inventory, and infrastructure development

Document Availability

The notice is available on:

  • Company website: https://www.stylebaazar.in/
  • MUFG website: https://instavote.linkintime.co.in/
  • Stock exchange websites: BSE (www.bseindia.com) and NSE (www.nseindia.com)