Shoppers Stop Limited has informed the Exchange about Shareholders meeting
SHOPERSTOP · price
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Shoppers Stop has notified shareholders that its 28th AGM will be held on Thursday, July 17, 2025 at 4:30 p.m. via video conferencing. The register of members and share transfer books will be closed from July 10 to July 17, 2025, with the cut-off date set as July 9, 2025. Remote e-voting will run from July 12 to July 16, 2025. Key agenda items include adopting the FY25 standalone and consolidated financial statements, noting the non-reappointment of long-serving director Mr. B.S. Nagesh (who retires after 34 years), appointing Parikh & Associates as Secretarial Auditors for five years at ₹2 lakh for FY26, and approving a related-party transaction with M/s. Invik Consulting (a firm owned by director Mr. Nirvik Singh) for consulting services at ₹6 lakh per month (₹72 lakh per annum) for three years. Mr. Nirvik Singh will take over as Chairman from July 18, 2025, and the vacancy left by Mr. Nagesh will not be filled.
This is a routine procedural filing, but shareholders should note the leadership transition at the board level and the related-party transaction with director Nirvik Singh's consulting firm that requires their voting approval. The book closure window means no share transfers can be processed between July 10 and July 17, 2025.