Shoppers Stop Limited has informed the Exchange that Record date for the purpose of Meeting is 09-Jul-2025.
SHOPERSTOP · price
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Shoppers Stop has announced its 28th AGM to be held on Thursday, July 17, 2025 at 4:30 p.m. via video conferencing. The Register of Members and Share Transfer books will be closed from July 10 to July 17, 2025, with a cut-off date of July 9, 2025 for e-voting eligibility. Remote e-voting will run from July 12 (9:00 a.m.) to July 16 (5:00 p.m.). Key AGM items include adoption of FY25 audited financials, noting the retirement of veteran Chairman B.S. Nagesh (who is not seeking re-appointment and the vacancy will not be filled), appointment of Parikh & Associates as Secretarial Auditors for 5 years (FY26-FY30) at Rs 2 lakh/year, and approval of a related party transaction with M/s Invik Consulting (a firm of Non-Executive Director Nirvik Singh) for management consulting services at Rs 6 lakh/month (Rs 72 lakh/year) for 3 years starting August 1, 2025. Mr. Nirvik Singh will be appointed Chairman with effect from July 18, 2025. The Annual Report 2024-25 has been sent electronically to shareholders and is available on the company's website.
Routine AGM notice, but marks a significant leadership transition — founder-era leader B.S. Nagesh steps down after 34 years and the board will not fill his vacancy, while Director Nirvik Singh takes over as Chairman. Shareholders will vote on a related party transaction worth Rs 72 lakh per annum with a director-owned firm, which is a governance point to watch.