Shoppers Stop Limited has informed the Exchange regarding Outcome of Board Meeting held on July 17, 2025.

Emphasis Of MatterPat NegativeEbitda Margin ExpansionResults View source PDF Explain this filing

SHOPERSTOP · price

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Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹579.45

prior close

₹553.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-3.3% vs market

Diversified Retail peers, median of 9sector-0.2%-3.7% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.7 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-3.9-0.6-3.3-0.2-3.7

Next day

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15d

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-5.1-2.3-2.7+4.3-9.4

-10.0-4.6-5.4+5.4-15.5

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shoppers Stop's board approved unaudited Q1 FY26 results on July 17, 2025. Standalone revenue from operations rose to ₹1,094.19 crore (from ₹1,033.70 crore in Q1 FY25, up ~5.8%), while consolidated revenue grew to ₹1,161.08 crore (up ~8.6%). Net loss narrowed to ₹17.89 crore standalone (₹22.51 crore loss in Q1 FY25) and ₹15.74 crore consolidated (₹22.72 crore loss in Q1 FY25). The company also announced a leadership change — founder B.S. Nagesh retired as Chairman effective July 17, 2025, and Nirvik Singh took over as Chairman from July 18, 2025. Auditors (SR BC & Co LLP) issued an unmodified review report but included an Emphasis of Matter note about a pending Supreme Court case on retrospective service tax of ₹20.11 crore (consolidated) for the period June 2007 to March 2010, which the company has not provisioned.

Likely market impact

Revenue growth and a narrower loss are mildly positive, but the company remains in the red with rising finance and depreciation costs limiting near-term profitability. The Chairman transition is a notable governance change, and the unresolved service tax matter remains a contingent risk overhang for shareholders.