Shareholders meeting

HOPPERS TOP SEC/18/2026-27 June 25, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol : SHOPERSTOP Dear Sir / Madam, Sub: Notice of the 29th Annual General Meeting (29th AGM) and Annual Report 2025-26 Please be informed that the 29th AGM of Shoppers Stop Limited (the “Company”) is scheduled to be held on Wednesday, July 22, 2026 at 10.30 a.m. IST through Video Conferencing / Other Audio-Visual Means, to transact the businesses as set out in the Notice thereof. Key information pertaining to the 29th AGM are as under: 1. Cut-off Date (for voting Wednesday, July 15, 2026 eligibility) 2. Remote E-Voting Saturday, July 18, 2026 from 9.00 a.m. IST and ends on Tuesday, July 21, 2026, at 5.00 p.m. IST The aforesaid documents are available on the corporate website of the Company at https://corporate.shoppersstop.com/investors/annual-report/ and are being dispatched electronically to shareholders whose email addresses are registered either with the Company or with any Depository or KFin Technologies Limited, Registrar to an Issue and Share Transfer Agent (RTA) of the Company. Further, pursuant to Regulation 36(1)(b), the Company has initiated sending physical letters providing the weblink and QR Code to access the Annual Report to the shareholders whose e-mail ids are not registered with the Company/ Depositories/ RTA. Kindly take the same on record. Thank you. Yours faithfully, For Shoppers Stop Limited Rakeshkumar Saini Vice President – Legal, CS & Chief Compliance Officer ACS No: 20257 Encl: A/a Confidential Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). Across the Pages weivrevO etaroproC Theme Introduction 02 Key Highlights of the Year 04 About Shoppers Stop 06 Strategic Insights for Investors Adapting to Shifting Consumer Realities Message from the Chairman Message from the Managing Director & CEO A Destination, Not a Store. Finance 18 Beauty Business 20 GSSBB 22 Retail Business 24 Business Expansion 26 Technology & Digital Transformation Human Resources 30 External Brands 32 Shoppers Stop Brands 34 Marketing 38 Environment 42 People 43 Governance 44 stropeR yrotutatS stnemetatS laicnaniF Management Discussion Standalone 171 & Analysis Consolidated 247 Board’s Report 76 Corporate Governance Report Business Responsibility & Sustainability Report Disclaimer This document contains statements about expected future events and financials of Shoppers Stop (‘the Company’), which are ‘forward-looking’. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions, and other forward- looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Scan this QR Code to Access the Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Investor Relations Page Management Discussion and Analysis section of this Annual Report. Curation is intent in action, a clear perspective on knowing what belongs, and what does not! In FY 2025-26, we applied this discipline across the business: refining our brand mix, backing the right formats, designing differentiated experiences, and exercising choice in where we deploy capital. The outcome is a more defined identity and a retail experience that stands apart. Brand Experience Loyalty Capital Curation Curation Curation Curation 500+ premium Curating a premium 13.5 Mn+ First Generated national and in-store experience Citizen Club ` 301 Crores Cash international brands, with artisanal coffee members, engaged from Operations; carefully selected, houses, gaming beyond points Debt reduced by not assembled. Each arcades, personal through curated ` 109 Crores during label serves a shopper lounges, events, partnerships, FY 2025-26. Capex defined aspiration of photo booths and airline miles, and funded through the modern Indian spaces designed for AI-led internal accruals. consumer. customers to stay personalisation. Capital is deployed and explore. Every with clarity, where element, intentional. returns are visible. Key Highlights of the Year FY 2025-26: The Year We Transformed. FY 2025-26 was not a year of easy wins. A challenging consumption environment, global supply chain disruptions, and inflationary pressures created real headwinds. Against that backdrop, Shoppers Stop made a deliberate choice: to prioritise depth over speed, premiumisation over sheer volume, and cash generation over short-term metrics. Here is what that discipline delivered: >90 NPS 426 Crs HIGHEST EVER; LFL* GLOBAL SS BEAUTY BRANDS LTD. (GSSBB) FOOTFALLS +4% REVENUE, +81% YOY; 3-YR CAGR @90% *Like-for-Like 27 Stores 301 Crs NEW ADDITIONS; ` 114 CRS CAPEX OP. CASH FLOW, 8-YR HIGH; 13.5 Mn DEBT REDUCED BY ` 109 CRS FIRST CITIZEN CLUB MEMBERS; 1 Mn+ Voices HIGHEST ENROLMENTS BLACK CARD +50%; SILVER CARD +16% AI FEEDBACK ACROSS 22 LANGUAGES Engagement Power to Acquisition Categories • INDIA WEDS WITH SHOPPERS STOP: ADDED 20K+ NEW CUSTOMER SOLD 150 FRAGRANCES, ENROLMENTS 70 WATCHES & 60 HANDBAGS/HOUR • GIFTS OF LOVE: ADDED 11K+ NEW CUSTOMER ENROLMENTS Juhu Relaunch • FIRST CITIZEN CLUB SELECT: DELIVERED A 10% UPTAKE IN NEW PREMIUMISATION BLUEPRINT STORE CUSTOMER ENROLMENTS About Shoppers Stop 35 Years. Our Vision Still Setting the Standard. We aim to be the most loved premium shopping destination Founded in 1991, Shoppers We deliver this across department stores, beauty formats, value fashion, and for aspirational young Stop began with a clear digital platforms. Our stores are designed to be worth the visit, spaces for discovery, beauty, and celebration. Indian families. ambition: to bring the Our portfolio of 500+ premium national and international brands is shaped world’s best to Indian with disciplined curation. Complementing this is a Personal Shopper consumers. Thirty five years programme that brings a high degree of individualisation, ensuring every later, that ambition has customer feels recognised and understood. evolved into something more defined: to be the Our Values destination where India’s 113 73 young, aspirational families find experiences that reflect DEPARTMENT BEAUTY who they are and who they STORES STORES are becoming. INNOVATION RESPECT 84 12 We build an environment Every person who walks into our where new ideas find room stores, and every person who works to breathe and take shape. in them, deserves to feel valued. INTUNE HOMESTOP STORES STORES INTEGRITY AGILITY 13 73 We hold every action to the We move with the market, not same standard we would behind it. want others to hold us to. AIRPORT STORES PRESENCE IN CITIES INCLUSIVITY DIGITAL MINDSET 500+ 51.8 Mn We acknowledge that our We lead with technology as customers, communities, and a way of thinking, not just colleagues are beautifully different, as a tool. PREMIUM BRANDS CUSTOMER VISITS IN FY26 and we build accordingly. GROWTH 13.5 Mn+ 4% We are accountable for creating value, not just for ourselves, but for every stakeholder in our ecosystem. FIRST CITIZEN CLUB LFL CUSTOMER MEMBERS ENTRIES GROWTH YOY Strategic Insights for Investors The Strategy, Unpacked. Five Questions. Real Answers. What makes How do we look Is Beauty just a Why is the Wedding What defines the India’s retail landscape is Shoppers Stop back at the fina [Showing first 8,000 characters — download PDF for full document]