Shoppers Stop Limited has informed the Exchange regarding Change in Director(s) of the company.
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shoppers Stop Limited reported audited financial results for Q4 and FY ended March 31, 2026. The company posted a net loss of Rs. 46.24 Crores on standalone basis and Rs. 36.09 Crores consolidated for FY26, compared to net profit of Rs. 6.74 Crores and Rs. 10.89 Crores respectively in the previous year. Revenue from operations grew to Rs. 4,707.67 Crores standalone (up from Rs. 4,435.61 Crores). The Board approved re-appointment of Mr. Arun Sirdeshmukh as Independent Director for a second term of 5 years (October 2026 to October 2031), subject to shareholder approval. The company also approved additional investment of up to Rs. 40 Crores in its wholly-owned subsidiary Global SS Beauty Brands Limited through subscription to rights issue of preference shares. PwC was re-appointed as internal auditors for one year. Statutory auditors issued unmodified opinion. Auditors noted a contingent liability of Rs. 20.11 Crores (consolidated) related to service tax dispute pending before Supreme Court.
The company swung to loss in FY26 due to higher costs and exceptional items. Positive developments include revenue growth, continuation of strong governance with independent director re-appointment, and strategic investment in beauty subsidiary. Shareholders may react to the loss figure but the operational revenue growth and clean audit opinion are encouraging.