Postal Ballot: Borrow limit hike to 500 Cr and related party pay

Board & Shareholder Meetings View source PDF

STYLEBAAZA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-9.3%1-day move

₹342.05

prior close

₹326.40

base price

After-mkt

timing

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+0.0+0.0+0.0+0.0-9.3-13.9-18.2-22.2-18.4-10.0-13.0-15.6——

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AI summary

Baazar Style Retail is seeking shareholder approval through postal ballot (e-voting from June 20 to July 19, 2026) for four items: raising borrowing limit to 500 Crore, enhancing charge creation on assets to 500 Crore, setting 500 Crore limit for loans, guarantees and investments, and approving monthly remuneration of up to 10 lakh for Mr. Avishek Prasad, son of a Whole-time Director. Revenue rose from 972.65 Cr in FY24 to 1,840.87 Cr in FY26, with stores growing from 162 to 263.

Likely market impact

Shareholders should review and vote, especially on the related party remuneration item. Higher borrowing capacity supports growth but increases leverage.