With reference to its communications dated September 03, 2025 and November 24, 2025 wherein it was intimated that the Company’s Material Subsidiary i.e. Global SS Beauty Brands (‘Global SS’) had approved transfer of its entire holding of 40,000 Optionally Convertible Debentures (OCDs) in Pahadi at an aggregate consideration of not less than Rs. 3,00,00,000 and executed a Securities Transfer Agreement (STA) with the Purchaser, Augusta Consultants & Advisors (Augusta) and Pahadi. Shoppers Stop has informed that Global SS has completed the transfer of OCDs on December 19, 2025, upon receipt of the consideration of Rs. 3,00,00,000/- from Augusta. With this Global SS has divested its entire investment in Pahadi and completed the proposed transaction. As informed earlier, the divestment decision was in line with the Company’s ongoing strategic review and focus on core business areas and not expected to have any material impact on the Company’s financials or operations.
The above information is a part of company’s filings submitted to BSE.
