Baazar Style Retail chairman and AGM
NSE: STYLEBAAZABSE: 544243RetailingSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹365.30.
30 Oct: open ₹369.00, high ₹369.00, low ₹350.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹2,720 Cr1,089th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 57.83
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹33 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 197.63
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.04
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹33 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 3.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.77
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,48,81056.5% delivered
Baazar Style Retail's chairperson is Shreyans Surana, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 25 Sep 2026.
Baazar Style Retail board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonShreyans SuranaRelated to the promoter
- Company Secretary and Compliance OfficerAbinash Singh
6 directors4 independent2 executive
- Shreyans Surana · ChairpersonExecutive · joined Sep 2013 · reappointed Mar 2025 · 1 listed board · 1 committee seat
- Bhagwan PrasadExecutive · joined Apr 2017 · reappointed Feb 2024 · 1 listed board
- Dhanpat Ram AgarwalIndependent · joined Mar 2022 · reappointed Mar 2022 · 55 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
- Saurabh MittalIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 1 listed board · 1 as independent
- Rishabh Narendra JainIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Harish Chander KhuranaIndependent · joined Sep 2026 · reappointed Sep 2026 · 0 months as independent · 2 listed boards · 2 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
5 directors who left
- Pradeep Kumar Agarwal, left 25 Sep 2026: Others
- Rohit Kedia, left 24 Sep 2026: Others
- Richa Manoj Goyal, left 20 Aug 2026: Others
- Prashant Singhania, left 20 Aug 2026: Others
- Ushma Sheth Sule, left 19 Aug 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 2 Sep 20265 of 7 present3 independent · 19 days in between
- 13 Aug 20269 of 10 present5 independent · 86 days in between
- 18 May 202610 of 10 present5 independent · 45 days in between
- 2 Apr 202610 of 10 present5 independent
Audit Committee
Chair Dhanpat Ram Agarwal
Rishabh Narendra Jain, Pradeep Kumar Agarwal
- 13 Aug 20263 of 3 present2 independent · 12 days in between
- 31 Jul 20263 of 3 present2 independent · 73 days in between
- 18 May 20263 of 3 present2 independent · 3 days in between
- 14 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Saurabh Mittal
Dhanpat Ram Agarwal, Rishabh Narendra Jain
- 2 Sep 20263 of 3 present3 independent · 20 days in between
- 12 Aug 20263 of 3 present3 independent · 89 days in between
Stakeholders Relationship Committee
Shreyans Surana, Pradeep Kumar Agarwal
No meeting listed in the filing.
Risk Management Committee
Chair Dhanpat Ram Agarwal
Shreyans Surana, Nitin Singhania
- 14 May 20262 of 2 present1 independent
Corporate Social Responsibility Committee
Chair Shreyans Surana
- 18 May 20262 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Singhi & Co.Peer-review certificate valid to Aug 2028
1 earlier auditor
- Singhi and CompanyNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Baazar Style Retail AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.
Annual general meeting, 25 Sep 2026
53,101 shareholders on the register on 18 Sep 2026; present: 3 promoters and 209 others; votes counted by CS Sanjay Kumar Joshi / S. K. Joshi & Associates.
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%
- To appoint Director in place of Mr. Shreyans Surana (DIN: 02559280), who is liable to retire by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%
- To appoint Director in place of Mr. Rohit Kedia (DIN: 06562024), who is liable to retire by rotation and being eligible, offers himself re-appointment.OrdinaryNot passedPromoters have an interest in it22.24% for77.76% against
Against: promoters 67.93% · institutions 0.00% · other public 98.70%
Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%
- To consider and approve appointment of Mr. Harish Chander Khurana (DIN: 11473818) as an Independent Director of the Company for first term of five (5) consecutive years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.55% · promoters 71.18% · institutions 42.21% · other public 30.61%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Jul 2026, 4 resolutions
58,925 shareholders on the register on 12 Jun 2026; votes counted by Sanjay Kumar Joshi / S. K. Joshi & Associates.
- To consider and approve the borrowing limit under Section 180(1)(c) of the Companies Act, 2013Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%
To consider and approve enhancement of limits for creation of charges, mortgages and/or security on the assets of the Company in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013MoreLess
Special99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%
- To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013Special90.92% for9.08% against
Against: promoters 0.00% · institutions 99.49% · other public 0.21%
Turnout: all 53.68% · promoters 99.02% · institutions 66.99% · other public 9.23%
- To consider and approve the remuneration of Mr. Avishek Prasad, holding an office or place of profit under Section 188(1)(f) of the Companies Act, 2013OrdinaryPromoters have an interest in it88.97% for11.03% against
Against: promoters 0.00% · institutions 100.00% · other public 0.22%
Turnout: all 44.44% · promoters 78.39% · institutions 66.99% · other public 9.23%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 13 Feb 2026, 1 resolution
70,393 shareholders on the register on 6 Feb 2026; present: 15 promoters and 167 others; votes counted by Sanjay Kumar Joshi / S.K.Joshi & Associates.The company's voting result
- To consider and approve issue of fully convertible equity warrants on preferential basis to identified person and other matters related theretoSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 49.57% · promoters 74.71% · institutions 60.05% · other public 20.77%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Sep 2025, 6 resolutions
77,471 shareholders on the register on 17 Sep 2025; present: 5 promoters and 210 others; votes counted by Sanjay Kumar Joshi / S.K.Joshi & Associates.
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
- To appoint Director in place of Mr. Pradeep Kumar Agarwal (DIN: 02195697), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.14% for1.86% against
Against: promoters 0.00% · institutions 10.67% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
- To appoint Director in place of Mrs. Ushma Sheth Sule (DIN: 07460369), who retires by rotation and being eligible, offers herself for re-appointment.Ordinary90.10% for9.90% against
Against: promoters 0.00% · institutions 56.82% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
- To appoint M/s. S.K. Joshi & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.Ordinary98.14% for1.86% against
Against: promoters 0.00% · institutions 10.67% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
- Fall away/deletion/omission/termination of Part II of the Articles of Association (the Article/AoA) of the Company and reference to the Part I and Part II to be omitted.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
- Modification in the clause 110 of the Articles of Association of the Company (“the Articles /AoA”) related to the retirement of directors.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 52.32% · promoters 84.73% · institutions 66.12% · other public 11.05%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 25 Sep 2026, 1 fund house
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2025-26 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
1 for0 against- To appoint Director in place of Mr. Shreyans Surana (DIN: 02559280), who is liable to retire by rotation and being eligible, offers himself for re-appointment.1 for0 against
- To appoint Director in place of Mr. Rohit Kedia (DIN: 06562024), who is liable to retire by rotation and being eligible, offers himself re-appointment.1 for0 against
- To consider and approve appointment of Mr. Harish Chander Khurana (DIN: 11473818) as an Independent Director of the Company for first term of five (5) consecutive years.1 for0 against
Mutual fund votes, meeting of 19 Jul 2026, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To consider and approve enhancement of limits for creation of charges, mortgages and/or security on the assets of the Company in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013MoreLess
2 for0 against- To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013
Against Bandhan Mutual Fund, HDFC Mutual Fund
- Bandhan Mutual FundCompliant with the law. Governance & Transparency Concern: Blanket approval sought; with inadequate disclosures w.r.t specific plan for utilization of said limit and the recipient of the proposed loans / investments.
- HDFC Mutual FundThis is an enabling approval, and it allows the company to give loans/ guarantees/ provide securities to any body corporate, including promoter-group companies. We believe the company must disclose granular details, including the names of the companies, the nature and size of their operations, and the terms of support, to enable shareholders to make an informed decision. Given the lack of clarity, we do not support the resolution.
0 for2 against - To consider and approve the remuneration of Mr. Avishek Prasad, holding an office or place of profit under Section 188(1)(f) of the Companies Act, 2013
Against Bandhan Mutual Fund, HDFC Mutual Fund
- Bandhan Mutual FundNo concern on the merits. Governance & Transparency concern: The Company has not disclosed the effective date of the proposed remuneration, hence unclear if the Company has sought prior approval of shareholders as mandated by Companies Act, 2013. Basis of arriving at remuneration not disclosed. Excessive increase in remuneration proposed without adequate justification.
- HDFC Mutual FundAvishek Prasad is the son of Bhagwan Prasad, Promoter and Executive Director. He received a remuneration of Rs. 3.0 mn in FY26. The company proposes to increase his remuneration upto Rs. 12.0 mn per annum against the current cap of upto Rs. 3.0 mn per annum. The company must disclose the rationale for the substantial increase in the proposed remuneration and explain how the pay has been benchmarked against other Key Managerial Personnel (KMPs) of the company. Given the lack of adequate disclosures, we do not support this resolution.
0 for2 against
1 proposal not matched to one resolution
To borrow, from time to time, from any one or more banks, Non-Banking Financial Companies (NBFCs), financial institutions, bodies corporate, or any other entity or person whatsoever, as permitted under the Companies Act, 2013 and the rules made thereunder, such sum or sums of money by way of loans, debentures/bonds, or any other mode of borrowing as may be deemed fit by the Board, for the purpose of the business of the Company, in any manner, either in Indian Rupees and/or in foreign currency, with or without security, as the Board may deem fit and expedient, notwithstanding that the monies to be borrowed, together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business), may exceed the aggregate of the paid-up share capital, securities premium, and free reserves of the Company, that is to say, reserves not set apart for any specific purpose, provided however that the total amount borrowed and/or to be borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) and outstanding at any time shall not exceed Rs. 500 Crore or the aggregate of the paid-up share capital, securities premium, and free reserves of the Company, that is to say, reserves not set apart for any specific purpose, whichever is higher.MoreLess
2 for0 against
Mutual fund votes, meeting of 13 Feb 2026, 2 fund houses
1 proposal
- To consider and approve issue of fully convertible equity warrants on preferential basis to identified person and other matters related thereto2 for0 against
Mutual fund votes, meeting of 24 Sep 2025, 5 fund houses
7 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
4 for0 against- To appoint Director in place of Mr. Pradeep Kumar Agarwal (DIN: 02195697), who retires by rotation and being eligible, offers himself for re-appointment.
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with law. Governance concern: The individual holding a combined position of Executive Director and Chairman of the board.
4 for1 against - To appoint Director in place of Mrs. Ushma Sheth Sule (DIN: 07460369), who retires by rotation and being eligible, offers herself for re-appointment.
Against Bandhan Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund
- Bandhan Mutual Fund, Edelweiss Mutual FundCompliant with law. Governance Concern: Director on the Board of a Competitor Company.
- HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• Ushma Sule has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
2 for3 against - To appoint M/s. S.K. Joshi & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Transparency concern: The Company neither disclosed the Audit Fee paid to Outgoing Secretarial Auditor nor any material change in the proposed audit fee.
4 for1 against - Fall away/deletion/omission/termination of Part II of the Articles of Association (the Article/AoA) of the Company and reference to the Part I and Part II to be omitted.5 for0 against
- Modification in the clause 110 of the Articles of Association of the Company (“the Articles /AoA”) related to the retirement of directors.5 for0 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeDeputy Commissioner of Revenue and OthersSince 5 Mar 2025
Pursuant to the order dated September 14, 2026 passed by the GST Appellate Authority (Additional Commissioner, State Tax), a total demand of ₹ 11,34,656 has been raised, comprising tax of ₹ 5,67,328 (CGST: ₹ 2,83,664 and SGST: ₹ 2,83,664) and interest of ₹ 5,67,328 (CGST: ₹ 2,83,664 and SGST: ₹ 2,83,664). The Company is in the process of filing an appeal against the said order before the appropriate appellate authority and is pursuing available legal remedies.MoreLess
At the filing before: The Company has filed (ARN: AD191025001491K) dated October 09, 2025 an appeal before Senior Joint Commissioner Appellate Authority, Goods & Service Tax, Government of West Bengal, Directorate of Commercial Taxes and the same is under consideration /review. The status of the case is same as reported in the previous quarter.MoreLess
- Tax disputeAdditional Commissioner, CGST and Central Excise, Kolkata North Commissionerate & Anr.Since 5 Mar 2025
The Company has filied an Appeal ( Provisional Acknowledgement AD190725015896J) before the Commissioner, Central Tax (Appeal) on July 25, 2025 as directed The Hon'ble Calcutta High Court and the same is still under consideration. The status of the case is same as reported in the previous quarter.MoreLess
- Tax disputeNational Faceless Assessment Centre, Assessment Unit, Income Tax DepartmentSince 28 Mar 2025
The Appeal filed by the Company before the Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals) on April 26, 2025 (reference no. 945968940260425) is currently under consideration/review. The status of the case is same as reported in the previous quarter.MoreLess
- Tax disputeAssessment Unit, Income Tax DepartmentSince 14 Apr 2024
The appeal filed under Acknowledgment No. 178594070170424 on April 17, 2024, before the Joint Commissioner (Appeals)/Commissioner of Income Tax (Appeals), continues to remain under process. Subsequently, the Income Tax Processing Centre has adjusted a refund amounting to ₹96,71,190, pertaining to Assessment Year 2025–26, against the outstanding demand for Assessment Year 2018–19. The matter remains pending and is still under consideration before the appellate authority as reported in the previous quarter.MoreLess
At the filing before: The appeal filed under Acknowledgment No. 178594070170424 on April 17, 2024, before the Joint Commissioner (Appeals)/Commissioner of Income Tax (Appeals), continues to remain under process. Subsequently, the Income Tax Processing Centre has adjusted a refund amounting to ₹96,71,190, pertaining to Assessment Year 2025–26, against the outstanding demand for Assessment Year 2018–19. The matter remains pending and is still under consideration before the appellate authority as on June 30, 2026.MoreLess
- Tax disputeAssistant Commissioner of Income Tax or the Union of India (represented by the Assistant Commissioner)Since 9 May 2024
The Hon'ble High Court at Calcutta vide order dated April 22, 2026 has further extended the interim stay/order till the end of December 2026 or until further orders, whichever is earlier. The status of the case remains unchanged and is the same as reported in the previous quarter.MoreLess
- Tax disputeAdditional Commissioner, CGST and Central Excise, Kolkata North Commissionerate & Anr.Since 7 Apr 2025
The writ petition (Writ No. WPA/8089/2025) filed on April 7, 2025, before the Hon’ble High Court at Calcutta was withdrawn on July 17, 2025 and an Appeal ( Provisional Acknowledgement AD190725015896J) has been filed before the Commissioner, Central Tax (Appeal) on July 25, 2025 and the same is still under consideration. The status of the case is same as reported in the previous quarter.MoreLess
- Tax disputeDeputy Commissioner of Revenue, Directorate of Commercial Taxes, West Bengal, KolkataSince 26 Dec 2025
The Company has filed an appeal (AD1903260233175 dated March 25, 2026) before Deputy Commissioner Commercial Taxes and the hearings fixed on September 10, 2026 and October 05, 2026 were adjourned. The appeal is presently pending adjudication before the Appellate Authority, with the next hearing scheduled on November 25, 2026.MoreLess
At the filing before: The Company has filed an appeal (AD1903260233175 dated March 25, 2026) before Deputy Commissioner Commercial Taxes and the same is still under consideration.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2024, checked by CARE Ratings Limited | – | – | – | No | |
| Preferential IssuesApr 2026, checked by CARE Ratings Limited | – | – | – | No |