STYLEBAAZA2024-04-012024-06-30 STYLEBAAZA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member STYLEBAAZA2024-06-30 STYLEBAAZA2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544243 STYLEBAAZA NOTLISTED Baazar Style Retail Limited Equity 2024-04-01 2025-03-31 2024-09-25 2024-09-18 INR Lakhs First quarter 12:00:00 13:10:00 2024-09-25 2024-09-25 Not applicable Single segment Value Retail 2024-04-01 2024-06-30 Unaudited Consolidated 2757942000.00 31399000.00 2789341000.00 0.00 955517000.00 895572000.00 233398000.00 140812000.00 209305000.00 253589000.00 2688193000.00 101148000.00 -107560000.00 -6412000.00 0.00 -2209000.00 -2209000.00 0.00 -4203000.00 0.00 0.00 0.00 0.00 -4203000.00 -1014000.00 -5217000.00 0.00 0.00 349274000.00 5 -0.06 -0.06 0.00 0.00 -0.06 -0.06 1.In terms of Regulation 33 of the SEBI (LODR) Regulations, 2015, these consolidated financial results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and have been approved by the Board of Directors of Baazar Style Retail Limited at their respective meetings held on September 25, 2024 and have been subjected to limited review by Statutory Auditors of the Company. 2.The financial results for the corresponding quarter ended June 30, 2023 have not been reviewed / audited by the Statutory Auditors. The management has exercised necessary diligence to ensure that the financial results for the periods provide a true and fair view of the Group's affairs. 3.The Statement includes the results for the quarter ended March 31, 2024 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2024 and the audited year-to-date figures for the nine months ended December 31, 2023 as published in the Draft Red Herring Prospectus (DRHP). 4.Subsequent to the quarter ended June 30, 2024, the Company has undertaken Pre-IPO placement of 9,56,072 equity shares for cash consideration aggregating to Rs. 3,700 lakhs. Additionally, the Company has completed an Initial Public Offering (IPO) of 21,458,707 equity shares with a face value of Rs. 5 each at an issue price of Rs. 389 per share (includes 19,570 equity shares issued to eligible employees with a face value of Rs. 5 each at an issue price of Rs. 354 per share), comprising fresh issue of 38,06,387 equity shares and offer for sale of 17,652,320 equity shares. The Company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 6, 2024. Thus, these unaudited consolidated financial results for the quarter ended June 30, 2024, are prepared for the first time in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 5.These unaudited consolidated financial results are prepared in accordance with Indian Accounting Standards (referred to as Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and the provisions of the Companies Act 2013. 6.On 20th May, 2024, a fire broke out at the Company's warehouse in Serampore, Hooghly, West Bengal, leading to loss of Inventory and Property, Plant and Equipment (written down value) amounting to Rs. 5,086.15 lakhs and Rs. 424.57 lakhs respectively. The aforesaid assets along with the related input credits on GST as per the provisions of the Goods and Services Tax Act and rules thereof have been charged off and shown as exceptional item. The Company has filed claims with the insurance company. The Management is confident about the recovery of the estimated loss and accordingly the Company has booked the insurance claim receivable on inventory and Property, Plant and Equipment and believes that no further material adjustments are necessary in the current quarter except for an estimated loss of Rs. 1,075.60 lakhs (net of estimated insurance claim), which has been disclosed under Exceptional Items. 7.Konnect Style Retail Private Limited, a wholly owned subsidiary, was incorporated in May, 2023 and its operation started in the quarter ended September 30, 2023. 8.As the Group's business activity falls within a single significant primary business segment I.e. 'Retail Sales', no separate segment information is disclosed. These in the context of Ind AS 108 on Operating Segments are considered to constitute one segment and hence, the Group has not made any additional segment disclosures. 9.The above unaudited consolidated financial results for the quarter ended June 30, 2024 are available on Stock Exchange website: www.bseindia.com, www.nseindia.com and on the Company's website www.stylebaazar.in. Other Expenses 253589000.00 Remeasurement of net defined benefit obligations -1355000.00 -1355000.00 -341000.00 0.00