Baazar Style Retail Limited (STYLEBAAZA) — Offer Document | 15 April 2026

Baazar Style Retail disclosed that its former central warehouse in West Bengal suffered a fire on May 20, 2024, causing inventory loss valued at ₹50.85 crores, of which ₹43.65 crores was recognized as receivable in FY 2025. The company settled the insurance claim with Bajaj Allianz General Insurance for ₹23.00 crores under Policy No. OG-24-2495-4008-00000005, which will be received in due course. The incident caused minimal operational disruption as the business swiftly transitioned to a new state-of-the-art warehouse within a month, ensuring supply chain continuity. The settlement reflects partial recovery of losses, with the company maintaining financial resilience despite the setback.