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Baazar Style promoters voted against Rohit Kedia's reappointment at September AGM as two directors exited

Our read

The failed Kedia reappointment is more likely to end in a reconstituted board and a negotiated role change than a quick reversal, while the operating momentum (37% revenue growth, 263 stores) stays intact.

For operators

With 263 stores and private label at 53% of sales, Baazar Style's growth engine depends on steady merchandising and sourcing leadership, so rivals and suppliers should expect possible execution drift and shifting vendor or landlord terms while the Kedia reappointment and the two director exits remain unresolved.

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Exchange filings naming new directors, an interim appointment, or further board resignations

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The report

Baazar Style Retail promoters voted 14.12 million of 20.79 million shares against reappointing Rohit Kedia at the 25 September AGM, after two directors resigned. FY26 revenue rose 37 percent to Rs 1,840.9 crore.

Opposition to Kedia's reappointment across all shareholders reached 77.76 percent at the AGM
Opposition to Kedia across all shareholders
77.76 percent
Promoter votes against Kedia reappointment
14.12 million
FY26 revenue
₹1,840.9 crore
Stores at end of FY26
263

Who and when

From the report. Source details below

Opposition across all shareholders: 77.76 percent
FY26 profit after tax: Rs 46.9 crore
Stores at end of FY26: 263
Private label share of FY26 revenue: 53 percent
Private label contribution target by FY27: 65 percent

The source

Source Read the source at Moneycontrol

Filed

Also reported by Apparel Resources India

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