Shoppers Stop Limited — Important, 16-01-2025: General Updates

Mr. Venkatesh Raja has resigned from his role as Customer Care Associate and Chief Human Resources Officer at Shoppers Stop, citing personal reasons. His last working day is set for April 15, 2025. This change in senior management personnel could affect the company's human resources strategy and operational continuity. Investors should monitor how this transition impacts company culture and employee engagement, especially considering the critical nature of HR leadership in retail operations. A positive outlook could still hinge on effective succession planning and maintaining operational efficiency during this change.