Baazar Style Retail logo

Baazar Style Retail MD, chairman, board of directors and AGM

NSE: STYLEBAAZABSE: 544243RetailingSmall Cap

Last close ₹368.10down ₹1.90 (0.51%)BSE ₹368.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹370.00.

52-week range of traded prices to 23 Oct 2026
₹229.95Low, 23 Mar 2026₹447.10High, 21 Aug 2026
Market cap
₹2,839 Cr1,089th largest listed
P/E
60.3
P/E without one-offs
206.2
P/B
6.3
Dividend yield
Nonein the last 12 months
ROE
11.0%
ROE without one-offs
3.2%
ROCE
11.4%
Debt to equity
0.77
Volume, NSE
6,72,46850.7% delivered

Baazar Style Retail board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRohit KediaRelated to the promoter
  • Managing directorShreyans Surana
  • Company Secretary and Compliance OfficerAbinash Singh

10 directors5 independent4 executive1 non-executive

  • Rohit Kedia · ChairpersonExecutive · joined Jun 2013 · reappointed Feb 2024 · 1 listed board
  • Shreyans Surana · Managing directorExecutive · joined Sep 2013 · reappointed Mar 2025 · 1 listed board · 1 committee seat
  • Pradeep Kumar AgarwalExecutive · joined Sep 2017 · reappointed Sep 2025 · 1 listed board · 2 committee seats
  • Bhagwan PrasadExecutive · joined Apr 2017 · reappointed Feb 2024 · 1 listed board
  • Ushma Sheth SuleNon-executive · joined Aug 2018 · reappointed Sep 2025 · 2 listed boards · 1 as independent · 2 committee seats
  • Dhanpat Ram AgarwalIndependent · joined Mar 2022 · reappointed Mar 2022 · 52 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • Richa Manoj GoyalIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 4 as chair
  • Saurabh MittalIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent
  • Prashant SinghaniaIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Rishabh Narendra JainIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 18 May 202610 of 10 present5 independent · 45 days in between
    • 2 Apr 202610 of 10 present5 independent · 54 days in between
    • 6 Feb 20269 of 10 present5 independent · 16 days in between
    • 20 Jan 202610 of 10 present5 independent
  • Audit Committee

    Chair Dhanpat Ram Agarwal

    Rishabh Narendra Jain, Pradeep Kumar Agarwal

    • 18 May 20263 of 3 present2 independent
    • 14 May 20263 of 3 present2 independent · 96 days in between
    • 6 Feb 20263 of 3 present2 independent · 16 days in between
    • 20 Jan 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Saurabh Mittal

    Prashant Singhania, Rishabh Narendra Jain

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Richa Manoj Goyal

    Shreyans Surana, Pradeep Kumar Agarwal

    • 27 Mar 20263 of 3 present1 independent
  • Risk Management Committee

    Chair Dhanpat Ram Agarwal

    Shreyans Surana, Nitin Singhania

    • 14 May 20262 of 2 present1 independent
  • Corporate Social Responsibility Committee

    Chair Shreyans Surana

    Pradeep Kumar Agarwal, Prashant Singhania

    • 18 May 20262 of 3 present1 independent · 51 days in between

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Singhi & Co.Peer-review certificate valid to Aug 2028
1 earlier auditor
  • Singhi and CompanyNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Baazar Style Retail AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Baazar Style Retail share news and announcements

Annual general meeting, 25 Sep 2026

53,101 shareholders on the register on 18 Sep 2026; present: 3 promoters and 209 others; votes counted by CS Sanjay Kumar Joshi / S. K. Joshi & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%

  2. 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.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%

  3. To appoint Director in place of Mr. Rohit Kedia (DIN: 06562024), who is liable to retire by rotation and being eligible, offers himself re-appointment.
    OrdinaryNot passedPromoters have an interest in it
    22.24% for77.76% against

    Against: promoters 67.93% · institutions 0.00% · other public 98.70%

    Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%

  4. To consider and approve appointment of Mr. Harish Chander Khurana (DIN: 11473818) as an Independent Director of the Company for first term of five (5) consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Jul 2026, 4 resolutions

58,925 shareholders on the register on 12 Jun 2026; votes counted by Sanjay Kumar Joshi / S. K. Joshi & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the borrowing limit under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%

  2. 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, 2013MoreLess
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%

  3. To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013
    Special
    90.92% for9.08% against

    Against: promoters 0.00% · institutions 99.49% · other public 0.21%

    Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%

  4. 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
    OrdinaryPromoters have an interest in it
    88.97% for11.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.22%

    Turnout: all 44.44% · promoters 78.39% · institutions 66.99% · other public 9.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 13 Feb 2026, 1 resolution

70,393 shareholders on the register on 6 Feb 2026; present: 15 promoters and 167 others; votes counted by Sanjay Kumar Joshi / S.K.Joshi & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve issue of fully convertible equity warrants on preferential basis to identified person and other matters related thereto
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 49.57% · promoters 74.71% · institutions 60.05% · other public 20.77%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2025, 6 resolutions

77,471 shareholders on the register on 17 Sep 2025; present: 5 promoters and 210 others; votes counted by Sanjay Kumar Joshi / S.K.Joshi & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

  2. To appoint Director in place of Mr. Pradeep Kumar Agarwal (DIN: 02195697), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.14% for1.86% against

    Against: promoters 0.00% · institutions 10.67% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

  3. To appoint Director in place of Mrs. Ushma Sheth Sule (DIN: 07460369), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    90.10% for9.90% against

    Against: promoters 0.00% · institutions 56.82% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

  4. To appoint M/s. S.K. Joshi & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    Ordinary
    98.14% for1.86% against

    Against: promoters 0.00% · institutions 10.67% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

  5. Fall away/deletion/omission/termination of Part II of the Articles of Association (the Article/AoA) of the Company and reference to the Part I and Part II to be omitted.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

  6. Modification in the clause 110 of the Articles of Association of the Company (“the Articles /AoA”) related to the retirement of directors.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 13 Feb 2026, 2 fund houses

  • To consider and approve issue of fully convertible equity warrants on preferential basis to identified person and other matters related thereto
    2 for0 against

Mutual fund votes, meeting of 24 Sep 2025, 5 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
    4 for0 against
  • To appoint Director in place of Mr. Pradeep Kumar Agarwal (DIN: 02195697), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundCompliant with law. Governance concern: The individual holding a combined position of Executive Director and Chairman of the board.
    4 for1 against
  • To appoint Director in place of Mrs. Ushma Sheth Sule (DIN: 07460369), who retires by rotation and being eligible, offers herself for re-appointment.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual FundCompliant with law. Governance Concern: Director on the Board of a Competitor Company.
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• Ushma Sule has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    2 for3 against
  • To appoint M/s. S.K. Joshi & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundCompliant with Law. Transparency concern: The Company neither disclosed the Audit Fee paid to Outgoing Secretarial Auditor nor any material change in the proposed audit fee.
    4 for1 against
  • Fall away/deletion/omission/termination of Part II of the Articles of Association (the Article/AoA) of the Company and reference to the Part I and Part II to be omitted.
    5 for0 against
  • Modification in the clause 110 of the Articles of Association of the Company (“the Articles /AoA”) related to the retirement of directors.
    5 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeDeputy Commissioner of Revenue and OthersSince 5 Mar 2025
    The Company has filed (ARN: AD191025001491K) dated October 09, 2025 an appeal before Senior Joint Commissioner Appellate Authority, Goods & Service Tax, Government of West Bengal, Directorate of Commercial Taxes and the same is under consideration /review. The status of the case is same as reported in the previous quarter.MoreLess
  • Tax disputeAdditional Commissioner, CGST and Central Excise, Kolkata North Commissionerate & Anr.Since 5 Mar 2025
    The Company has filied an Appeal ( Provisional Acknowledgement AD190725015896J) before the Commissioner, Central Tax (Appeal) on July 25, 2025 as directed The Hon'ble Calcutta High Court and the same is still under consideration. The status of the case is same as reported in the previous quarter.MoreLess
  • Tax disputeNational Faceless Assessment Centre, Assessment Unit, Income Tax DepartmentSince 28 Mar 2025
    The Appeal filed by the Company before the Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals) on April 26, 2025 (reference no. 945968940260425) is currently under consideration/review. The status of the case is same as reported in the previous quarter.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 14 Apr 2024
    The appeal filed under Acknowledgment No. 178594070170424 on April 17, 2024, before the Joint Commissioner (Appeals)/Commissioner of Income Tax (Appeals), continues to remain under process. Subsequently, the Income Tax Processing Centre has adjusted a refund amounting to ₹96,71,190, pertaining to Assessment Year 2025–26, against the outstanding demand for Assessment Year 2018–19. The matter remains pending and is still under consideration before the appellate authority as on June 30, 2026.MoreLess
    At the filing before: The appeal filed under Acknowledgment No. 178594070170424 on April 17, 2024, before the Joint Commissioner (Appeals)/Commissioner of Income Tax (Appeals), continues to remain under process. Subsequently, the Income Tax Processing Centre has adjusted a refund amounting to ₹96,71,190, pertaining to Assessment Year 2025–26, against the outstanding demand for Assessment Year 2018–19. The matter remains pending and is still under consideration before the appellate authority as on March 31, 2026.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax or the Union of India (represented by the Assistant Commissioner)Since 9 May 2024
    The Hon'ble High Court at Calcutta vide order dated April 22, 2026 has further extended the interim stay/order till the end of December 2026 or until further orders, whichever is earlier. The status of the case remains unchanged and is the same as reported in the previous quarter.MoreLess
    At the filing before: The Hon'ble High Court at Calcutta vide order dated September 19, 2025 further extended the stay order passed earlier dated July 2, 2024 till the end of April 2026 or monthly hearing scheduled for December 2025, whicever is earlier. The status of the case is same as reported in the previous quarter.MoreLess
  • Tax disputeAdditional Commissioner, CGST and Central Excise, Kolkata North Commissionerate & Anr.Since 7 Apr 2025
    The writ petition (Writ No. WPA/8089/2025) filed on April 7, 2025, before the Hon’ble High Court at Calcutta was withdrawn on July 17, 2025 and an Appeal ( Provisional Acknowledgement AD190725015896J) has been filed before the Commissioner, Central Tax (Appeal) on July 25, 2025 and the same is still under consideration. The status of the case is same as reported in the previous quarter.MoreLess
  • Tax disputeDeputy Commissioner of Revenue, Directorate of Commercial Taxes, West Bengal, KolkataSince 26 Dec 2025
    The Company has filed an appeal (AD1903260233175 dated March 25, 2026) before Deputy Commissioner Commercial Taxes and the same is still under consideration.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesSep 2024, checked by CARE Ratings Limited–––No
Preferential IssuesApr 2026, checked by CARE Ratings Limited–––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.