Shoppers Stop Limited has informed the Exchange regarding Appointment of Mr Arun Sirdeshmukh as Non- Executive Independent Director of the company w.e.f. October 20, 2026.
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Shoppers Stop Limited reported its board meeting outcomes on May 5, 2026. The company posted consolidated revenue of Rs 5,043.32 crore for FY2026, up from Rs 4,627.64 crore in FY2025, but swung to a net loss of Rs 36.09 crore compared to a net profit of Rs 10.89 crore in the prior year. The board approved re-appointment of Mr. Arun Sirdeshmukh as Independent Director for a second 5-year term starting October 20, 2026, subject to shareholder approval. Additionally, the company will invest up to Rs 40 crore in its wholly-owned subsidiary Global SS Beauty Brands Limited via a rights issue of 4,000 preference shares to fund expansion and working capital. PwC was re-appointed as internal auditors for one year from July 1, 2026. Statutory auditors issued an unmodified opinion on the financial results.
The company showed revenue growth but deteriorated profitability, swinging to losses. The additional investment in the beauty subsidiary signals continued focus on expanding that vertical. The director re-appointment provides continuity in governance ahead of the new term.