Baazar Style Retail Limited has informed the Exchange about change in Management
STYLEBAAZA · price
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Baazar Style Retail Limited has informed the stock exchanges that two senior management personnel have resigned. Mrs. Susmita Banerjee, Chief Human Resource Officer, and Mr. Hirak Banerjee, Vice President – Supply Chain Management, have both stepped down to pursue career opportunities outside the company. Both were relieved of their duties from the close of business hours on May 15, 2025, with their resignations originally tendered on April 8, 2025 and a transition period served until May 15, 2025. The Managing Director has formally accepted both resignations, and the company has filed the disclosure under SEBI Listing Regulations. The positions being vacated are key functional roles (HR and Supply Chain), though the Managing Director, Compliance Officer, and other board-level positions remain unchanged.
The departure of two senior leaders in HR and Supply Chain may create short-term operational uncertainty in people management and logistics at Style Baazar, though both resignations appear amicable with a handover period completed. For shareholders, this is a routine senior-level attrition event rather than a board or financial leadership change, with limited immediate impact on stock price expected.