Shoppers Stop Limited — Important, 03-09-2025: Disclosure of material issue

Shoppers Stop (via Global SS Beauty Brands) is exiting its investment in Pahadi Goodness. The subsidiary initially invested ₹4 Cr in 40,000 Optionally Convertible Debentures (OCDs) and will now sell them for at least ₹3 Cr. This divestment is a strategic move to sharpen focus on core businesses. **Despite the lower sale price, Shoppers Stop states the transaction will have no material impact on its financials or operations.** #ShoppersStop #StrategicMove