Acquisition

HOPPERS TOP SEC/57/2026-27 October 26, 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, Subject: Update regarding investment in Global SS Beauty Brands Limited (GSSBBL), Wholly Owned Material Subsidiary of the Company -Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Reference: Subscription to Issue of 1000 0.01% Non-Cumulative Optionally Convertible Preference Shares (‘NOCPS’) of Rs. 1,00,000/- (Rupees One Lakh Only) of GSSBBL on Right basis. We refer to our communication dated May 05, 2026 intimating that the Board of Directors of the Company had approved additional investment of upto Rs. 40 Crores (Rupees Forty Crores only), in Global SS Beauty Brands Limited (GSSBBL), wholly owned material subsidiary, by way of subscription to Rights Issue of 4000 preference shares i.e. 0.01% Non-Cumulative Optionally Convertible Preference Shares (‘NOCPS’) each at par at face value of Rs. 1,00,000/- (Rupees One Lakh Only) each of GSSBBL, in one or more tranches. We are pleased to inform that out of the above approved investment amount, the Company has today (i.e. October 26, 2026) completed the investment in the second tranche of Issue made by GSSBBL, aggregating to Rs. 10 Crores (Rupees Ten Crores only) in the preference share capital of GSSBBL, by way of subscription to Rights Issue of 1000 NOCPS of Rs. 1,00,000/- (Rupees One Lakh Only). With the above subscription, the overall investment of the Company in the Preference Share Capital of GSSBBL is enhanced to Rs. 135 Crores. Details in respect of the said approval for acquisition, as required under Regulation 30(6) read with Schedule III Part A Para A (1) of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure. We request you to take the above information on record. Thank you. Yours faithfully, For Shoppers Stop Limited Rakeshkumar Saini Vice President – Legal, CS & Chief Compliance Officer ACS No. 20257 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). HOPPERS TOP Annexure Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (“Listing Regulations”) read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Details to be disclosed - Acquisition (Investment in preference shares of Global SS Beauty Brands Limited by way of subscription to Rights Issue) Acquisition (including agreement to acquire): Sr. Particulars Details 1 Name of the target entity, details in brief  The Company proposes to further fund the growth and such as size, turnover etc.; business of its material, wholly owned subsidiary, Global SS Beauty Brands Limited (GSSBBL) by investing in the shares issued by GSSBBL on rights basis. The Company already holds 100% of the paid-up equity capital and preference share capital amounting to Rs. 5 Crores & Rs. 125 Crores respectively.  During FY 25-26, turnover is Rs. 379.75 Crores 2 Whether the acquisition would fall within  The subscription of 1000 preference shares (0.01% Non- related party transaction(s) and whether Cumulative Optionally Convertible Preference Shares (‘NOCPS’) in the material wholly owned subsidiary is a the promoter/ promoter group/ group related party transaction. companies have any interest in the entity being acquired? If yes, nature of interest  The promoter/promoter group/group companies of the and details thereof and whether the same Company have interest in GSSBL to the extent of their is done at “arm’s length” holding in the Company (i.e., 66.01% equity shares of the Company).  Arm’s Length – Not applicable  GSSBL is a wholly owned subsidiary of the Company. As such no separate approval of the Audit Committee is required pursuant to Regulation 23 (5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 3 Industry to which the entity being Retail & Wholesale Trading acquired belongs; 4 Objects and impact of acquisition  GSSBBL is a wholly owned subsidiary of the Company (including but not limited to, disclosure of engaged in the business of wholesale and retail distribution of beauty products and operation of reasons for acquisition of target entity, if specialty boutique beauty stores. The Company is its business is outside the main line of redefining the beauty experience in India by combining business of the listed entity); 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). HOPPERS TOP premium brands, immersive retail formats, and digital- first engagement.  GSSBBL is in the expansion phase and is in need of additional funds to grow its business.  GSSBBL intends to use the funds for proposed expansion plans and working capital requirements of the Company 5 Brief details of any governmental or None, other than regular establishment licenses / regulatory approvals required for the registration. acquisition; 6 Indicative time period for completion of  The Company has invested in NOCPS of GSSBBL by way the acquisition; of subscription of Right Issue on October 26, 2026.  Allotment of NOCPS of GSSBL is expected to be completed in 15 working days. 7 Nature of consideration - whether cash Cash consideration consideration or share swap and details of the same; 8 Cost of acquisition or the price at which Cost of acquisition: Rs. 10,00,00,000 /- (Rupees Ten Crores the shares are acquired; Only). Rights Issue of 1000 preference shares (0.01% Non- Cumulative Optionally Convertible Preference Shares (‘NOCPS’) of face value Rs. 1,00,000 /- each (Rupees one lakh only) at par. 9 Percentage of shareholding / control Pre-Acquisition: acquired and / or number of shares  Number of equity shares held: 4,99,994 acquired; (the remaining six equity shares are held by nominees of Shoppers Stop Limited)  Number of preference shares: 12,500  Percentage of shareholding: 100%  Control: 100% Post-Acquisition:  Number of equities shares to be held: 4,99,994 (the remaining six equity shares are held by nominees of Shoppers Stop Limited)  Number of preference shares: 13,500  Percentage of shareholding: 100%  Control: 100% 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). HOPPERS TOP 10 Brief background about the entity  Global SS Beauty Brands Limited, a material wholly acquired in terms of products/line of owned subsidiary (GSSBL) of Shoppers Stop Limited (SSL) was incorporated on December 08, 1995. business acquired, date of incorporation,  GSSBL is engaged in the business of distribution of history of last 3 years turnover, country in beauty products and operating speciality retail stores. which the acquired entity has presence and any other significant information (in  Turnover of last 3 years: brief); FY 2025-26 – Rs. 379.75 crores FY 2024-25 – Rs. 220.02 Crores FY 2023-24 – Rs.95.73 Crores  Presence of entity: India Confidential Shoppers Stop Limited Registered & Ser [Showing first 8,000 characters — download PDF for full document]