Baazar Style Retail Limited — Others, 01-08-2025: Amendment to AOA/MOA

Baazar Style Retail's board has approved significant alterations to its company rulebook (Articles of Association), subject to shareholder approval. One change streamlines the AoA by removing an outdated section previously tied to a pre-IPO shareholder agreement. Crucially, the company is revising its policy on director retirement. Previously, Managing and Whole-time Directors were exempt from rotational retirement. Under the new policy, these key directors will now be subject to rotation and eligible for re-election, a move set to enhance board accountability and increase shareholder oversight over top management.