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Shopper's Stop: Store Updates


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Pursuant to para B Part A of the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended read with Companys Policy for determination of materiality of events/information to be disclosed to Stock Exchange please be informed that the Company has closed its two Shoppers Stop stores located at Orion East Mall Banaswadi Bengaluru and The Grant Mall Velachery Chennai due to lower than expected business and its low profitability.

The sales from these stores for the last financial year 2018-19 were as under:

Store Sales and % of the turnover of the Company as on March 31 2019:
1. Orion East Mall Banaswadi Bengaluru - Rs. 17.62 Crs constituting 0.4%
2. The Grant Mall Velachery Chennai - Rs. 17.36 Crs constituting 0.4%

With the closure of above stores the Company has now 89 Shoppers Stop (including 5 airport stores) under its operations.

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