Interim report
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SHOPPERS STOP Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). SEC/53/2026-27 October 16, 2026 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001. Stock Code : 532638 National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Stock Symbol : SHOPERSTOP Sub: Outcome of Board Meeting held on October 16, 2026 Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e., on October 16, 2026, have inter- alia, approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 (“the Financial Results”). A copy of the same is enclosed herewith along with the Limited Review Report issued by the Statutory Auditors of the Company on the Financial Results. This information is also being made available on the corporate website of the Company i.e. https://corporate.shoppersstop.com/investors/. The aforesaid Board Meeting commenced at 12:15 pm and concluded at 2:10 pm. Kindly take the same on record. Thanking You. Yours faithfully, For Shoppers Stop Limited Rakeshkumar Saini Vice President – Legal, CS & Chief Compliance Officer ACS No: 20257 Confidential
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SR BC & CO LLP 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai • 400 028 , India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Shoppers Stop Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Shoppers Stop Limited (the "Company") for the quarter ended September 30, 2026 and Year to date from April 0 1,2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ,, :~ f .. •.' ,, t•':::i ·,, , :::,, ~-~ (This space has been intentionally left blank) S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office: 22, Camac Street. Block 'B'. 3rd Floor, Kolkata-700 0 16
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SR BC& CO LLP Chartered Accountants 5. Emphasis of Matter Paragraph We draw attention to Note 4 to the unaudited financial results regarding non provision of retrospective levy of service tax for the period from June 01, 2007 to March 31, 2010 on renting of immovable properties given for commercial use, aggregating Rs. 16.60 crores, pending final disposal of the appeal filed before the Supreme Court. Our conclusion is not modified in respect of this matter. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Firoz Pradhan Partner Membership No.: 109360 UDIN: 26109360COWHDB3784 Place: Mumbai Date: October 16, 2026 t0. {t, , . . ~- ' ~0'f' '-)\ ~'V - ·· ~ iiRTHf l., •.', •. ·,: ~--, .
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SR BC& CO LLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar ( West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Shoppers Stop Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Shoppers Stop (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter ended September 30, 2026 and year to date from April O 1, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") . 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act. 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Parent company i. Shoppers Stop Limited Subsidiaries i. Gateway Multichannel Retail (India) Limited ii. Shopper's Stop Brands (India) Limited iii. Shopper's Stop.com (India) Limited iv. Global SS Beauty Brands Limited SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB·4318 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata·70 0 016
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SR BC& CO LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Emphasis of Matter paragraph We draw attention to Note 4 to the unaudited financial results regarding non prov1s1on of retrospective levy of service tax for the period from June 01, 2007 to March 31, 2010 on renting of immovable properties given for commercial use, aggregating Rs. 20.11 crores, pending final disposal of the appeal filed before the Supreme Court. Our conclusion is not modified in respect of this matter. For S R 8 C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Firoz Pradhan Partner ~ Ac. fl er, \. ·_ (1 * Mu 1Bt. '- ~ ~ \ • • ~-' / ' ~:-,...__ / Membership No.: 109360 UDIN:26109360YAGOFN2629 . <ii;- --- .,: -~~ ., D 4Ll,f\\1-;:':_. .. ..... --.. ;:.::. __ .,, Place: Mumbai Date: October 16, 2026
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SHOPPERS STOP Shoppers Stop Limited Registered Office: Umang Tower, 5th Floor , Mindspace, Off.Link Road, Malad (West) , Mumbai 400 064. Tel: (+91 22) 42497000; Website : www.shoppersstop.com. E-mail: investor@shoppersstop.com . GIN: L51900MH1997PLC108798 PART I STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 Partic ulars For the Qua rter Ended (Refer Notes Below) 30 Sept 2026 Unaudited Income Revenue from Operations Other Income Total Income Expenses Purchases of stock-in-trade Changes in inventories of stock-in trade - Decrease I (Increase) Employee benefits expense Finance Costs Depreciation and amortisation expense Other expenses Total expenses Profit I (Loss) before exceptional items and tax Exceptional Items (see note 5) Profit / (Loss) before tax Tax expenses Current tax Tax adjustment of earlier years Deferred tax Net Profit I (Loss) for the period Other Comprehensive Income I (loss) Items that will not be reclassified to profit or loss : Remeasurement of employee defined benefit obligation Income tax relating to above Total other comprehensive income/ (loss) Total Comprehensive income I (loss) for the period Profit I (Loss) for the period attributable to: - Owners of the Company - Non-controlling interests Other comprehensive income I (loss) for the period attributable to : -Owners of the Company - Non-controlling interests Total comprehensive income I (loss) for the period attributable to : - Owners of the Company - Non-controlling interests ------ -·- •·--·-;,:i-\ r r•f\iEO Hrn ID[NTlH~ATi0,11 ' Paid-up equity share capital (Face value of !r- J=fer Share) '. '( \ I Other equity V \ 1,226.92 22.64 1,249.56 912.94 (174.73) 109.25 72.66 137.91 194.66 1,252.69 (3.13) (3.13) (0.80) (2.33) 0.22 (0.06) 0.16 (2.17) (2.33) 0.16 (2.17) 55.10 I i Earnings per share (In Rs.) (not annualised fol" quartet~)f1 [-i C f.;. C:() ' :J ', - 'L [.-'! I :1,ftF:;,1 --· _j : ~::::. /;:,~~ y ----' 0--- -- ~ I- ~ A~ \•a'""' V (0.21) (0.21) 30 June 2026 Unaudited 1,185.38 5.12 1,190.50 676.67 33.38 109.55 72.01 135.72 185.42 1,212.75 (22.25) (22.25) (5.54) (16.71) 0.22 (0.05) 0.17 (16.54) (16.71) 0.17 (16.54) 55.06 (1 .52) (1.52) Standalone 30 Sept 2025 Unaudited 1,175.31 9.45 1,184.76 806.51 (92.37) 109.55 71 .02 132.64 187.62 1,214.97 (30.21) (30.21) (7.53) (22.68) (0.40) 0.10 (0.30) (22.98) (22.68) (0.30) (22.98) 55.04 (2.06) (2.06) For the Half Year Ended 30 Sept2026 Unaudited 2,412.30 27.76 2,440.06 1,589.61 (141.35) 218.80 144.67 273.63 38008 2,465.44 (25.38) (25.38) (6.34) (19.04) 0.44 (0.11 ) 0.33 (18.71) (19.04) 0.33 (18.71) 55.10 (1.73) (1. 73) 30 Sept2025 Unaudited 2,269.50 19.48 2,288.98 1,406.50 (45.92) 213.50 142.86 260.86 365.22 2,343.02 (54.04) (54.04) (13.47) (40.57) (0.80) 0.20 (0.60) (41.17) (40.57) (0.60) (41 .17) 55.04 (3.69) (3.69) For the Financial Year Ended 31 March 2026 Audited 4,707.67 51.94 4,759.61 2,804.40 9.96 436.54 28353 534.31 738.83 4,807.57 (47.96) 18.79 (66.75) (2.80) (17.71 ) (46.24) 0.87 (0.22) 0.65 (45.59) (46.24) 0.65 (45.59) 55.06 244.18 (4.20) (4.20) For the Quarter Ended 30 Sept202 6 Unaudited 1,366.27 22.88 1,389.15 1,026.79 (193.64) 118.26 74.65 140.38 218.58 1,385.02 4.13 4.13 1.89 (0.87) 3.11 0.22 (0.06) 0.16 3.27 3.11 0.16 3,27 55.10 0.28 0.28 30 Ju ne 2026 Unau dited 1,291.41 5.42 1,296.83 764.87 17.95 117.60 73.77 138.03 203.64 1,315.86 (19.03) (19.03) 0.78 (5.56) (14.25) 0.22 (0.05) 0.17 (14.08) (14.25) 0.17 (14.08) 55 06 (1 .29) (1.29) Consolidated For the Half Year Ended 30 Sept 2025 Unaudited 1,256.62 9.50 1,266.12 892.95 (125.04) 114.69 72.56 134.19 203.63 1,292.98 (26.86) (26.86) 1.10 (7.85) (20.11) (0.40) 0.10 (0.30) (20.41) (20.11 ) (0.30) (20.41) 55.04 (1.83) (1.83) 30 Sept 2026 Unaudited 2,657.68 28.30 2,685.98 1,791 .66 (175.69) 235.86 148.42 278.41 422.22 2,700.88 (14.90) (14.90) 2.67 (6.43) (11.14) 0.44 (0.11) 0.33 (10.81) (11 .14) 0.33 (10.81) 55.10 (1.01) (1.01) 30 Sept 2025 Unaudited 2,417.71 19.57 2,437.28 1,513.53 (55.54) 223.37 145.71 263.53 394.44 2,485.04 (47.76) (47.76) 2.11 (14.03) (35.84) (0.80) 0.20 (0.60) (36.44) (35.84) (0.60) (36.44) 55.04 (3.26) (3.26) (Rupees inCrores) For the Financial Year Ended 31 March 2026 Audited 5,043.32 52.14 5,095.46 3,093.09 (58.37) 457.74 289.46 540.70 806.81 5,129.43 (33.97) 18.99 (52.96) 4.59 (2.66) (18.80) (36.09) 0.81 (0.20) 0.61 (35.48) (36.09) 0.61 (35.48) 55.06 235.95 (3.28) (3.28)
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PART II : BALANCE SHEET AS AT 30 SEPTEMBER 2026 (Rupees in Crores) Standalone Consolidated As at 30 Sept 2026 As at 31 Mar 2026 As at 30 Sept 2026 As at 31 Mar 2026 Particulars (Unaudited) (Audited) (Unaudited) (Audited) A) ASSETS NON-CURRENT ASSETS Property, Plant and Equipment 493.73 498.13 519.98 520.70 Capital work in progress 18.58 3.57 18.63 3.57 Other Intangible Assets 40.88 41.33 40.88 41.33 Intangible assets under development 1.66 3.35 1.66 3.35 Right of Use Assets 2,509.55 2,450.16 2,531.58 2,467.56 Financial Assets i) Investments 129.97 109.97 0.01 0.01 ii) Other Financial Assets 180.15 148.17 182.75 150.22 Deferred tax assets (net) 333.61 327.38 336.10 329.77 Other non-current assets 62.52 60.28 67.76 63.22 TOTAL NON-CURRENT ASSETS 3,770.65 3,642.34 3,699.35 3,579.73 CURRENT ASSETS Inventories 2,051.22 1,909.86 2,275.50 2,099.81 Financial assets i) Trade Receivables 35.62 39.14 118.18 86.53 ii) Cash and cash equivalents 5.68 10.94 8.80 12.68 iii) Bank Balances other than (ii) above - 0.00 0.03 0.03 iv) Loans 0.03 0.03 0.02 0.02 v) Other financial assets 66.06 87.20 66.27 87.18 Other current assets 377.65 370.07 383.90 424.68 TOTAL CURRENT ASSETS 2,536.26 2,417.24 2,852.70 2,710.93 TOTAL ASSETS 6,306.91 6,059.58 6,552.05 6,290.66 B) EQUITY AND LIABILITIES Equity share capital 55.10 55.06 55.10 55.06 Other Equity 227.41 244.18 227.04 235.95 Total Equity 282.51 299.24 282.14 291.01 NON-CURRENT LIABILITIES Financial liabilities i) Borrowings 8.83 47.83 8.83 47.83 ii) Lease liabilities 2,803.95 2,745.06 2,822.40 2,759.55 Provisions - - - 0.17 TOTAL NON-CURRENT LIABILITIES 2,812.78 2,792.89 2,831.23 2,807.55 CURRENT LIABILITIES Financial liabilities i) Borrowings 168.00 105.75 281.02 187.94 ii) Lease liabilities 339.34 317.69 344.38 321.36 iii) Trade payables due to : a) Total outstanding dues of mirco enterprises and small enterprises 49.98 42.43 50.38 42.52 b) Total outstanding dues of creditors other than mirco enterprises and small enterprises 2,478.86 2,291.45 2,577.32 2,413.63 iv) Other financial liabilities 54.18 69.51 58.47 72.37 Other current liabilities 120.21 123.69 125.13 134.88 Provisions 1.05 16.93 1.58 17.41 Current tax liabilities(net) - 0.40 1.99 TOTAL CURRENT LIABILITIES 3,211.62 2,967.45 3,438.68 3,192.10 TOTAL LIABILITIES 6,024.40 5,760.34 6,269.91 5,999.65 TOTAL EQUITY AND LIABILITIES 6,306.91 6,059.58 6,552.05 6,290.66 SIGNtOFORlOE TIFiCAT\O~ BY \ \ c:: R B C & r~ C: U_P j ,_ ' Mllt,1 t' ,\ I __ _
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PART Ill : CASH FLOWS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2026 (Rupees in Crores) Standalone Consolidated For the half year For the half year For the half year For the half year ended 30 Sept ended 30 Sept ended 30 Sept ended 30 Sept Particulars 2026 2025 2026 2025 Cash flows from operating activities (25.38) (54.04) (1 4.90) (47.76) Net Profit/(loss) after exceptiona l item and before tax Adjustments to reconcile profit/ (loss) before tax to net cashflow: Depreciation and amortisation 273.63 260.86 278.41 263.53 Allowance for doubtful debts / advances 0.15 0.43 0.15 0.05 Share-based payment expense 1.93 2.69 1.93 2.69 Finance costs 144.67 142.86 148.42 145.71 Profit on sale of Property,Plant and Equipment 0.24 (0.06) 0.24 (0.06) Fair value changes in investment - - - 0.48 Gain on account of remeasurement in lease term (19.97) (11.70) (19.97) (11.70) Profit from sale of mutual fund investments (0.06) (0.03) (0.06) (0.03) Interest (time value) recognised on interest free lease deposit (7.70) (7.45) (7.80) (7.50) Interest income (0.04) (0.16) (0.42) (0.16) Operating profit before working capital changes 367.47 333.40 386.00 345.25 Working capital adjustment : (Increase)/ Decrease in inventories (140.83) (45.92) (175.16) (55.54) (Increase)/ Decrease in trade receivables 3.37 (10.81) (31.65) (24.44) (Increase)/ Decrease in Financial assets & non-current assets (8. 71 ) (17.80) 37.07 (42.08) (Increase)/ Decrease in Lease deposits (11.69) 1.29 (12.40) 0.38 Increase/ (Decrease) in provisions (15.45) (0.78) (15.43) (0.72) Increase /(Decrease)in Trade payables, other financial liabilities and other current liabilities 173.64 142.43 143.13 149.56 Cash generated from operations 367.80 401.81 331.56 372.41 Income taxes paid (net of refunds) (2.18) (1.69) (4.49) (4.39) Net cash from operating activities (A) 365.62 400.12 327.07 368.02 Cash flow from investing activities Purchase of Property,Plant and Equipment (72.70) (72.34) (78.23) (77.87) Proceeds from disposal of property,plant and equipment 0.54 0.95 0.54 0.95 Investment in subsidiary company (20.00) (40.00) - - Purchase of investments in mutual funds (120.00) (25.00) (120.00) (25.00) Proceeds from sale of investments in mutual funds 120.06 25.03 120.06 25.03 Finance Income (Interest received) 0.12 0.16 0.42 0.16 Net cash used in investing activities (B) (91.98) (11 1.20) (77.21 ) (76.73) Cash flows from financing activities Proceeds from issue of equity shares 0.04 0.01 0.04 0.01 Securities premium on issue of equity shares - 0.10 - 0.10 Repayment of lease liability - Principle (157.78) (151.12) (160.08) (152.16) Repayment of lease liability - Interest (137.51 ) (133.18) (138.51) (133.81) Repayment of long term borrowings (39.00) - (39.00) - Proceeds from short terms borrowings 90.00 40.00 151.00 45.00 Repayment of short term borrowings (10.00) - (10.00) - Finance costs paid (6.90) (9.30) (9.28) (11.53) Net cash used in financing activities (C) (261.1 5) (253.49) (205.83) (252.39) Net (Decrease ) / Increase in cash and cash equivalents (A) + (B) + {C) 12.49 35.43 44.03 38.90 Cash and cash equivalents as at beginning of the year (6.81) (58.94) (35.23) (69.14) Cash and cash equivalents as at the end of the year 5.68 (23.51) 8.80 (30.24) 12.49 35.43 44.03 38.90 Note (i) Components of cash and cash equivalents Cash and Cash Equivalents as at end of the period 5.68 9.58 8.80 10.00 Add: Bank overdraft/ Cash credit (0.00) (33.09) 0.00 (40.24) Total cash and cash equivalents 5.68 (23.51) 8.80 (30.24) SIGNED FOR IDENTIFICATION I BY \,- \ s RB C & co LLF . I Mutv~2;~
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ART II: 1 The above financial results have been prepared in accordance with Indian Accounting Standards as prescribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2 The Company is primarily engaged in the business of retail trade through retail and departmental store facilities in India, which in the terms of Ind AS 108 on 'Operating Segments', constitutes a single reporting segment. 3 The Consolidated Financial results of Shoppers Stop Limited and its subsidiaries namely, Gateway Multichannel Retail (India) Limited, Shoppers Stop Brands (India) Limited, Global SS Beauty Brands Limited and Shopper's Stop.Com (India) Limited are consolidated in accordance with Ind AS 110 on Consolidation of Financial Statements. 4 Pursuant to levy of service tax on renting of immovable properties given for commercial use, retrospectively with effect from 1 June, 2007 , the Company has based on a legal advice, challenged the said levy and, inter-alia, its retrospective application. Pending the final disposal of the matter, which is presently before the Hon'ble Supreme Court of India , the Company continues not to provide for the retrospective levy aggregating Rs 20.11 Crores in consolidated results (Standalone Rs 16.60 Crores) for the period 1 June 2007 to 31 March 2010 fully paid under protest. 5 Exceptional items included in the financial results are as under: Particulars Standalone Consolidated For the Quarter Ended For the Half Year Ended For the Financial For the Quarter Ended For the Year Ended Financial Year Ended 30 Sep 2026 30 June 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 31 March 2026 30 Sep 2026 30 June 2026 30 Sep2025 30 Sep 2026 30 Sep 2025 31 March 2026 Provision for lmoairment of Property, Plant and EQuioement - - - 1.30 - . - 1.30 Impact of new labour code - one time increase in provision for . - 17.49 - . - 17.69 employee benefit expenses Total . . . 18.79 . - - 18.99 6 During the quarter under review, the Company has granted 49,950 Employee Stock Options (ESOP's) under ESOP Scheme 2022 (for the quarter ended ended 30 June 2026 : 1,49,772 ; for the quarter ended 30 September 2025 : 57,814 under ESOP 2022 Scheme), and 24,975 Restricted Stock Units to eligible employees, under ESOP 2022 Scheme ( for the quarter ended 30 June 2026: 74,886, for the quarter ended 30 September 2025 :14,557). 80,916 employe e stock options have been exercised during the quarter ( for the quarter ended 30 June 2026: 7,417 and for the quarter ended 30 September 2026: 53,024). 7 The above financial results have been reviewed and recommended by the Audit Committee and have been approved and taken on records by the Board of Directors at its meetings held on 16 October,2026. a The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements ) Regulations, 2015 has been completed by the statutory auditors of the Company and unmodified report has been issued . Place: Mumbai Date : 16 October ,2026 SIGNED FOR IDENTIFICATION BY ~ S R B C & CO LLP MUMBAI For Shoppers Stop Limited ~ i0fW~ Kavindr:1~;: ~ Customer Care Associate & Managing Director & Chief Executive Officer DIN : 07068041