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Disclosure – Regulation 46(2) of the Listing Regulations

Disclosure pertaining to arrangements with Media Companies and/ or their associates   

1. Shoppers Stop Limited (Company) has entered into service arrangements with MAXUS - Mumbai, a division of Group M Media India Private Limited: 201, Peninsula Chambers, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013.  

2. Company has outsourced its media management such as Press, Television, Cinema screening, Radio, all forms of digital media, through MAXUS.  

3. MAXUS does not hold any equity shares of the Company. 

4. There is no nominee of MAXUS on the Board of the Company.  

5. There is no management control or potential conflict of interest arising out of Service Arrangements entered with MAXUS.  

6. There is no a back to back treaty/ contracts/ agreements/ MOUs or similar instruments entered with MAXUS and/ or their associates for the purposes of advertising, publicity etc. We have an arrangement with Maxus as Agency on Record (AOR) to manage our Media Planning and Buying.
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