Baazar Style Retail Limited — Important, 28-01-2025: Updates

The Board of Baazar Style Retail Limited has approved the re-appointment of Ernst & Young LLP as the internal auditors for FY 2025-26, effective April 1, 2025, following the Audit Committee's recommendation. Ernst & Young LLP has been providing internal audit services since FY 2021-22 and has performed satisfactorily, leading to this decision. Their expertise encompasses audit and assurance, tax and regulatory compliance, and transaction advisory services, aligning with the regulatory and commercial landscape. This continuity could enhance operational efficiency and stability within the company. Shareholders should monitor this development as a commitment to robust internal controls and governance.