Shoppers Stop Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 17, 2025
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shoppers Stop Limited held its 28th Annual General Meeting on July 17, 2025, via video conferencing, chaired by Mr. B. S. Nagesh from 4:30 PM to 5:23 PM. All directors attended except Mr. Neel C. Raheja and Mr. Ashish Hemrajani, who were granted leave of absence. Four resolutions were transacted: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025; noting the retirement of Mr. B. S. Nagesh as Non-Executive Director (who declined re-appointment); appointment of Parikh & Associates as Secretarial Auditors for 5 years; and approval of a related party transaction with M/s. Invik Consulting. Remote e-voting was conducted from July 12 to July 16, 2025, with Mr. Kaushal Dalal appointed as Scrutiniser. A detailed Scrutiniser's Report on voting results is awaited within the statutory period.
The AGM was largely procedural with routine business items, but the retirement of long-serving Chairman B. S. Nagesh, who has been with the company since inception, marks a notable leadership transition. The approval of the related party transaction with Invik Consulting and appointment of new secretarial auditors are governance-related updates. The voting results, once declared, will confirm shareholder approval and could influence short-term sentiment.