Baazar Style Retail Ltd - Disclosure Under Reg 30 - Intimation Of Intention To Acquire Commercial Space

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has executed a term sheet intending to acquire a commercial space admeasuring 44,250 sq. ft. more or less located at PS Srijan Tech Park, DN-52, Sector V, Salt Lake, North 24 Parganas, West Bengal - 700091 ("Proposed Transaction") for a consideration of Rs. 32.5 Crores ("Proposed Consideration"). In furtherance of the said transaction, the Company has made a payment of Rs. 1 Crore as an advance against total proposed consideration. Final deed of the proposed transaction will be concluded in due course.