Shoppers Stop Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.

Shoppers Stop Limited reported audited financial results for Q4 and FY ended March 31, 2026. Consolidated revenue from operations grew 9% to Rs 5,043.32 Crores (vs Rs 4,627.64 Crores last year), but the company swung to a net loss of Rs 36.09 Crores compared to a net profit of Rs 10.89 Crores in FY25, mainly due to higher finance costs (Rs 289.46 Crores) and depreciation. The Board re-appointed Mr. Arun Sirdeshmukh as Independent Director for another 5-year term and retained PwC as Internal Auditors. Additionally, the company approved investing up to Rs 40 Crores in its wholly-owned subsidiary Global SS Beauty Brands Limited via a rights issue of preference shares, taking total investment in GSSBBL to Rs 150 Crores. Auditors issued an unmodified opinion, though an Emphasis of Matter was raised regarding non-provisioned service tax liability of Rs 20.11 Crores pending Supreme Court decision.