Baazar Style Retail Limited has initiated a Postal Ballot process through remote e-voting to seek member approval for four special business resolutions. The disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations and applicable provisions of the Companies Act, 2013.
Agenda Items
The postal ballot includes the following four resolutions:
1. Special Resolution: To consider and approve the borrowing limit under Section 180(1)(c) of the Companies Act, 2013
2. Special Resolution: To consider and approve enhancement of limits for creation of charges, mortgages and/or security on the assets of the Company in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013
3. Special Resolution: To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013
4. Ordinary Resolution: To consider and approve the remuneration of Mr. Avishek Prasad, holding an office or place of profit under Section 188(1)(f) of the Companies Act, 2013
Timeline and Process Details
- Cut-off Date: Friday, June 12, 2026 - for determining members eligible to vote
- Dispatch Date: The detailed Postal Ballot Notice will be dispatched electronically to members and submitted to stock exchanges on or before Friday, June 19, 2026
- Voting Period: Remote e-voting commences on Saturday, June 20, 2026 at 9:00 AM IST and concludes on Sunday, July 19, 2026 at 5:00 PM IST
- Document Availability: The notice will be available on the company's website and the e-voting agency's website
Additional Information
The disclosure includes an explanatory statement pursuant to Section 102 of the Companies Act, 2013 and instructions for remote e-voting. The notice was signed by Abinash Singh, Chief Compliance Officer, Company Secretary and Head - Legal & Compliance.