Baazar Style Retail Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on February 13, 2026. Further, the company has informed the Exchange regarding voting results.
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Baazar Style Retail Limited held an Extraordinary General Meeting on February 13, 2026, through video conferencing, which concluded in about 43 minutes. The single special resolution on the agenda was to approve the issue of fully convertible equity warrants on a preferential basis to identified persons and related matters. The resolution was passed with near-unanimous support — 99.9989% of votes polled (about 36.99 lakh shares) were in favour, with only 418 votes against. Overall voting turnout was 49.57% of outstanding shares, with promoter and promoter group (74.71% turnout) and public institutions (60.05% turnout) voting 100% in favour, while public non-institutions (20.77% turnout) voted 99.99% in favour. The scrutinizer, CS Sanjay Kumar Joshi of S.K. Joshi & Associates, certified the results.
The preferential issue of convertible warrants will lead to equity dilution for existing shareholders once the warrants are exercised. Investors should watch for further disclosures on the identity of allottees, issue price, and conversion terms, as preferential allotments can be priced below market and tend to favour select investors.