Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Baazar Style Retail Limited

Meeting Details

The 13th Annual General Meeting was held on Friday, September 25, 2026, from 11:00 AM to 12:08 PM (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The record date for determining shareholders entitled to vote was September 18, 2026, with 53,101 shareholders on record holding 76,117,353 total shares.

Voting Process and Methods

The voting process utilized remote e-voting facilitated by MUFG Intime India Pvt. Ltd (formerly Link Intime India Private Limited), the company's Registrar and Transfer Agent. The remote e-voting period was from September 22, 2026 (9:00 AM IST) to September 24, 2026 (5:00 PM IST). Shareholders present at the AGM through VC who had not voted remotely were allowed to vote via e-voting during the meeting.

Mr. Sanjay Kumar Joshi, Partner of M/S S.K. Joshi & Associates, Practicing Company Secretaries, was appointed as Scrutinizer at the Board Meeting held on August 13, 2026. His role was to scrutinize both remote e-voting and e-voting conducted at the AGM.

Proposed Resolutions and Voting Outcomes

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

Description: To receive, consider and adopt: a) the audited standalone financial statements for FY 2025-26 including Balance Sheet as at March 31, 2026, Statement of Profit and Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors; and b) the audited consolidated financial statements for FY 2025-26 with same components.

Voting Results:

  • Total votes polled: 35,434,152 shares (46.552% of outstanding shares)
  • Votes in favor: 35,434,027 (99.9996%)
  • Votes against: 125 (0.0004%)
  • Result: PASSED

Category-wise breakdown:

  • Promoter & Promoter Group: 20,788,730 votes (71.1773% participation), 100% in favor
  • Public-Institutions: 1,036,624 votes (42.2094% participation), 100% in favor
  • Public-Non Institutions: 13,608,798 votes (30.6129% participation), 99.9991% in favor, 0.0009% against

Resolution 2: Ordinary Resolution - Re-appointment of Director

Description: To appoint Director in place of Mr. Shreyans Surana (DIN: 02559280), who is liable to retire by rotation and being eligible, offers himself for re-appointment. Promoters were interested in this resolution.

Voting Results:

  • Total votes polled: 35,434,152 shares (46.552% of outstanding shares)
  • Votes in favor: 35,433,888 (99.9993%)
  • Votes against: 264 (0.0007%)
  • Result: PASSED

Category-wise breakdown:

  • Promoter & Promoter Group: 20,788,730 votes, 100% in favor
  • Public-Institutions: 1,036,624 votes, 100% in favor
  • Public-Non Institutions: 13,608,798 votes, 99.9981% in favor, 0.0019% against

Resolution 3: Ordinary Resolution - Re-appointment of Director

Description: To appoint Director in place of Mr. Rohit Kedia (DIN: 06562024), who is liable to retire by rotation and being eligible, offers himself for re-appointment. Promoters were interested in this resolution.

Voting Results:

  • Total votes polled: 35,434,152 shares (46.552% of outstanding shares)
  • Votes in favor: 7,880,883 (22.2409%)
  • Votes against: 27,553,269 (77.7591%)
  • Result: NOT PASSED

Category-wise breakdown:

  • Promoter & Promoter Group: 20,788,730 votes, 32.0701% in favor, 67.9299% against
  • Public-Institutions: 1,036,624 votes, 100% in favor
  • Public-Non Institutions: 13,608,798 votes, 1.3028% in favor, 98.6972% against

Resolution 4: Special Resolution - Appointment of Independent Director

Description: To consider and approve appointment of Mr. Harish Chander Khurana (DIN: 11473818) as an Independent Director for first term of five consecutive years. Promoters were not interested in this resolution.

Voting Results:

  • Total votes polled: 35,434,152 shares (46.552% of outstanding shares)
  • Votes in favor: 35,433,988 (99.9995%)
  • Votes against: 164 (0.0005%)
  • Result: PASSED

Category-wise breakdown:

  • Promoter & Promoter Group: 20,788,730 votes, 100% in favor
  • Public-Institutions: 1,036,624 votes, 100% in favor
  • Public-Non Institutions: 13,608,798 votes, 99.9988% in favor, 0.0012% against

Participation Details

  • Total shareholders on record date: 53,101
  • Shareholders attending meeting through VC: 212 (3 Promoters, 209 Public)
  • No shareholders attended in person or through proxy
  • Total votes cast through remote e-voting: 181 shareholders representing 35,434,107 shares
  • Total votes cast through e-voting at AGM: 3 shareholders representing 45 shares
  • No invalid votes were recorded across any category

Scrutinizer's Role and Findings

Mr. Sanjay Kumar Joshi (FCS: 6745, CoP: 7342) was responsible for scrutinizing the voting process. The e-voting data was downloaded from MUFG's system in the presence of two witnesses not employed by the company. The scrutinizer confirmed that:

  • No shareholder voted both through remote e-voting and at the AGM
  • Invalid voting was not taken into account for percentage calculations
  • Votes were counted based on the number of shares held as of the record date or the number mentioned in e-voting, whichever was less

Compliance Confirmation

The voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, as well as SEBI LODR Regulations. Advertisements were published in Financial Express (English) and Arthik Lipi (Bengali) newspapers on August 30, 2026 and September 4, 2026 as required.