Postal Ballot: raise borrowing cap to Rs 500 Cr, 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

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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 via postal ballot (e-voting June 20 to July 19, 2026) for four items: raising borrowing and investment limits to Rs 500 Crore (from Rs 175 Crore) to fund store expansion, creating charges on assets, and approving monthly pay up to Rs 10 lakh for Mr. Avishek Prasad, Head of General Merchandise and son of a Whole-time Director. The company runs 263 stores across 10 states, with FY26 revenue of Rs 1,840.87 Crore versus Rs 972.65 Crore in FY24.

Likely market impact

Higher debt headroom signals growth push; related party pay needs member nod. Watch vote outcome by July 21.