Outcome of Board Meeting held on October 15, 2026

Date: October 15, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, Plot No. C-1, G Block, Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 544243 Trading Symbol: STYLEBAAZA Dear Sir/Madam, Subject: Outcome of the Board Meeting held on October 15, 2026 Pursuant to Regulations 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company (“Board”), at its meeting held today, i.e. Thursday, October 15, 2026, has, inter alia, considered and approved the following matters: 1. Reconstitution of the Audit Committee (“AC”) Pursuant to Regulation 18 read with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you that the Board of Directors of the Company at its meeting held today, has approved the re-constitution of the Audit Committee with effect from October 15, 2026. Accordingly, post reconstitution, the composition of the Audit Committee with effect from October 15, 2026, is as follows: Sr. Name Position in Category of Directorship No. Committee 1. Dr. Dhanpat Ram Agarwal Chairman Non-Executive Independent Director 2. Mr. Harish Chander Khurana Member w.e.f Non-Executive Independent Director October 15, 2026 3. Mr. Shreyans Surana Member w.e.f Executive Director October 15, 2026 2. Appointment of Independent Director on the Board of the Company Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Mrs. Binata Sengupta (DIN: 08779205) as an Additional Director in the category of Non- Executive Independent Director of the Company for a term of three (3) years w.e.f. October 15, 2026, subject to approval of Shareholders of the Company. Mrs. Binata Sengupta is not related to any Director of the Company. She has confirmed that she satisfies the criteria of independence prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. Further, in accordance with NSE Circular Ref No: NSE/CML/2018/24 and BSE Circular No. LIST/COMP/14/2018-19, both dated June 20, 2018, we affirm that Mrs. Binata Sengupta is not debarred from holding the office of director by virtue of any order passed by SEBI or any other such authority to the best of our knowledge. The details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, for the appointment of the above Director is annexed as Annexure A. Baazar Style Retail Limited PS Srijan Tech Park, DN-52, 12th Floor, Sector-V, Salt Lake, North 24 Parganas, West Bengal 700091 t: (033) 61256125 e: info@stylebaazar.com www.stylebaazar.in CIN No: L18109WB2013PLC194160 3. Incorporation of Wholly Owned Subsidiary for Renewable Energy Business Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of Baazar Style Retail Limited ("Company"), at its meeting held today, has approved the incorporation of a Wholly Owned Subsidiary ("WOS")/Special Purpose Vehicle ("SPV") for undertaking solar power generation and other renewable energy related businesses. The proposed subsidiary shall, inter alia, engage in the business of developing, establishing, acquiring, operating and maintaining solar power generation projects and other renewable energy projects. The proposed investment is in line with the Company's long-term growth strategy, sustainability objectives and commitment towards adoption of renewable energy solutions. The initiative is expected to create a platform for investment in renewable energy projects and generate long-term value for stakeholders. The details as required under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are annexed as Annexture B. 4. Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to allotment of 20,00,000 (Twenty Lakh) Equity Shares pursuant to Conversion of Equity Warrants on a preferential basis. Pursuant to the Regulation 30 read of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and other applicable regulations, if any, we wish to inform you that the Board of Directors of the Company have considered and approved the allotment of 20,00,000 (Twenty Lakh ) Equity shares of face value of ₹ 05/- each, at an issue price of ₹ 328.25/-(including premium of ₹ 323.25/-) upon exercising the option available with warrant holder (belonging to the non-promoter category) to convert 20,00,000 (out of remaining 76,00,000 warrants allotted) Equity Warrants into Equity Shares. The equity shares so allotted upon conversion of warrants shall rank pari-passu in all respects, including dividend and voting rights, with the existing equity shares of the Company. The details required under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are attached herewith as Annexure-C The meeting commenced at 3:00 P.M. (IST) and concluded at 5:20 P.M. (IST). We request you to kindly take the aforesaid information on record. For Baazar Style Retail Limited Abinash Singh Chief Compliance Officer, Company Secretary and Head - Legal & Compliance Encl: As above Baazar Style Retail Limited PS Srijan Tech Park, DN-52, 12th Floor, Sector-V, Salt Lake, North 24 Parganas, West Bengal 700091 t: (033) 61256125 e: info@stylebaazar.com www.stylebaazar.in CIN No: L18109WB2013PLC194160 Annexure A Disclosure as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details 1. Reason for change viz. appointment (re- Mrs. Binata Sengupta (DIN: 08779205) has been designation), reappointment, resignation, appointed as an Additional Director (Non-Executive removal, death or otherwise; Independent Director) for a consecutive term of three (3) years, subject to the approval of the shareholders of the Company. 2. Date of appointment (re-designation)/ October 15, 2026. reappointment/ cessation (as applicable) & term of appointment/re-appointment Term of Appointment – Appointment of Mrs. Binata Sengupta as an Additional Director in the category of Non-Executive Independent Director effective from October 15, 2026. The term of his appointment as an Independent Director shall be for a period of three (3) consecutive years, subject to the approval of shareholders, as per statutory and regulatory requirements. 3. Brief profile (in case of appointment) She is a seasoned banking professional with over 35 years of experience in the banking sector, having retired as General Manager of Bank of India. She possesses extensive expertise in branch banking, strategic management, regulatory compliance, financial inclusion initiatives, and leadership of large operational networks. She holds a Post-Graduation (M.A.) in History from the University of Delhi and a Bachelor's Degree in History from Utkal University. She has also served as an Independent Director of a listed power sector company and has qualified the Independent Directors' proficiency self-assessment test conducted by IICA under the Companies Act, 2013. 4. Disclosure of relationships between directors Mrs. Binata Sengupta is not related to any Director of (in case of appointment of a director) the Company and fulfils the criteria o [Showing first 8,000 characters — download PDF for full document]