Baazar Style Retail Limited Allots Equity Warrants, Appoints Internal Auditor
Kolkata, April 2, 2026 – Baazar Style Retail Limited announced the allotment of 1,01,00,000 (One Crore One Lakh) equity warrants on a preferential basis and the appointment of KPMG Assurance and Consulting Services LLP as the company’s Internal Auditor.The company’s Board of Directors approved the allotment of the warrants at an issue price of ₹ 328.25 per share. Cupid Limited, a non-promoter Body Corporate, subscribed to the entire offering, amounting to ₹ 82,88,31,250. Each warrant is convertible into one equity share with a face value of ₹ 0.05 within 18 months.
The Board also approved the appointment of KPMG Assurance and Consulting Services LLP as the Internal Auditor for the Financial Year 2026-27.
Details of Warrant Allotment
| Sr. No. | Name of the Proposed Allottee of Share Warrants | Category (Promoter/non- promoter) | No. of Equity Warrants (up to) | Amount of the subscription/ Investment amount ( ₹ ) (Approx.) * | Issue price/allotted price (in case of convertibles) ( ₹ ) |
|---|---|---|---|---|---|
| 1 | Cupid Limited | Non-Promoter Body Corporate | 1,01,00,000 | ₹ 82,88,31,250/- | ₹ 328.25/- |
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