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| Exchange Received Time 08/06/2018 20:14:08 Exchange Disseminated Time 08/06/2018 20:14:16 Time Taken 00:00:08 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please take note that the Board of Directors of Shoppers Stop Ltd; (the Company), at its meeting held today i.e. June 8, 2018, has, inter-alia, approved / noted the following:
Resignation of Mr. Chandru L. Raheja, Chairman of the Company:
Mr. Chandru L Raheja, age 77, Non-Executive Promoter Chairman, stepped down as a Director and Chairman of the Company with immediate effect, after having served as Chairman for more than two decades, due to his age, seniority and increasing personal engagements.
The Board of Directors places on record their gratitude for the enormous contribution made by Mr. Raheja as the Chairman of the Company since its inception. The Company and the Board benefitted immensely from Mr. Raheja's vast experience, knowledge and insights.
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