Shoppers Stop Limited — Others, 29-04-2025: Change in Management

Shoppers Stop Limited has announced a board meeting during which it approved the audited financial results for the quarter and financial year ended March 31, 2025. The company reported standalone revenue of ₹1,022.36 Cr for the quarter, with a loss of ₹4.53 Cr before tax. The board accepted the retirement of Mr. B.S. Nagesh as Chairman and Non-Executive Director, effective post the upcoming AGM, and appointed Mr. Nirvik Singh as his successor. Additionally, M/s. Parikh & Associates were appointed as Secretarial Auditors for a five-year term, pending shareholder approval at the AGM. This leadership transition and appointment of auditors could impact governance and oversight as the company navigates its financial challenges.