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S&P
BSE SENSEX
73,738.45
+89.83
+0.12 %
Corporate Announcement
Security Code
532638
Company
SHOPPERS STOP LTD.
Exchange Received Time
12/11/2019 17:52:04
Exchange Disseminated Time
12/11/2019 17:52:15
Time Taken
00:00:11
Store Closure Updates |
11/12/19 17:52
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 and as per the Company's Policy for determination of materiality of events/information to be disclosed to Stock Exchange, please be informed that the Company has closed its Shoppers Stop store located at Kormangala, Bangalore, due to lower than expected business and its low profitability.
The sales from this store for the last financial year 2018-19 was Rs. 28.35 Crores constituting 0.64% of the turnover of the Company as on March 31, 2019.
With the closure of this store, the Company has now 84 'Shoppers Stop' stores under its operations.
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