Baazar Style Retail Limited has informed the Exchange regarding 'Appointment of M/s. KPMG Assurance and Consulting Services LLP as Internal Auditors for the FY 2026-27'.
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Baazar Style Retail Limited's Board has approved the appointment of KPMG Assurance and Consulting Services LLP as the company's Internal Auditor for the Financial Year 2026-27. The appointment was made at the Board meeting held on April 2, 2026. KPMG is a Big Four accounting firm specializing in internal audit, risk advisory, and consulting services. This is a routine annual appointment under Regulation 30 of SEBI Listing Regulations. The filing includes standard disclosure requirements as per SEBI Master Circular dated January 30, 2026.
Appointment of a reputable Big Four firm for internal audit signals strengthening of corporate governance and internal controls. This is a positive development for shareholders as it enhances oversight mechanisms, though it is a standard procedural appointment with no material impact on stock price.