Baazar Style Retail Limited Appoints Dipti Agarwal as Chief Risk Officer

Baazar Style Retail Limited, a leading retail chain in India, has announced a significant management change by appointing Ms. Dipti Agarwal as the Chief Risk Officer (CRO). This appointment, approved by the Board of Directors on January 28, 2025, aims to strengthen the company's risk management framework and corporate governance.

Board's Decision and Approval Process

The appointment was finalized during a Board of Directors meeting that took place on January 28, 2025, from 2:00 PM to 5:05 PM (IST). The decision was made following the recommendations of the Risk Management Committee and the Nomination and Remuneration Committee.

Who is Dipti Agarwal?

Ms. Dipti Agarwal brings extensive expertise in finance, auditing, and risk management to her new role.

• Educational Background: She holds a bachelor’s degree in commerce from the University of Calcutta.
• Professional Qualifications: She is an associate member of the Institute of Chartered Accountants of India (ICAI) and has successfully completed the final examination of the Institute of Company Secretaries of India (ICSI).
• Work Experience:
  • Previously associated with BSR & Associates LLP and KPMG Global Delivery Centre Private Limited.
  • Served as a practicing Chartered Accountant until October 2016.
  • Joined Baazar Style Retail Limited on April 9, 2018 and served as the Chief Projects and Admin Officer before this appointment.

Why This Appointment is Significant

Baazar Style Retail Limited has been actively working towards enhancing its risk management strategies, and the appointment of Ms. Dipti Agarwal as CRO aligns with the company’s vision.

• Strengthening Risk Management: With her background in finance and auditing, Ms. Agarwal is expected to improve risk assessment, mitigation, and compliance strategies.
• Improving Corporate Governance: Her expertise will contribute to a stronger regulatory framework within the organization.
• Continuity in Leadership: As she has been with the company since 2018, her familiarity with its operations will ensure a seamless transition.

Stock Market and Investor Implications

The announcement has been made as per Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), 2015. Investors and stakeholders are expected to monitor the impact of this appointment on the company’s financial performance and risk management practices.