Electronics Mart India Ltd to close two of its EBOs

Electronics Mart India Limited has decided to close the operations of two of its Exclusive Brand Outlets (EBOs) under the brand names "Kitchen Stories" and "Samsung" situated at Unit No. TF 311 & 314, 315, respectively, Third Floor, Nexus Mall, Hyderabad, effective from 21st June 2026.

The decision to close the operations of these two EBOs has been taken after evaluating their business performance and in line with the Company's strategic business plans. As part of its focus on strengthening and expanding its presence through Multi-Brand Outlets (MBOs) and optimizing its retail network.

This closure is part of such an ongoing optimization exercise and will have no material impact on the Company's overall operations or financial performance.

We would also like to assure all stakeholders that this transition will not adversely affect our employees. All the employees from these outlets will be redeployed to nearby outlets, ensuring continuity of employment and uninterrupted customer service.

We assure you that the Company is committed to supporting its employees and customers through this transition.

Shares of Electronics Mart India Limited was last trading in BSE at Rs. 120.85 as compared to the previous close of Rs. 118.95. The total number of shares traded during the day was 108326 in over 1972 trades.

The stock hit an intraday high of Rs. 123.00 and intraday low of 115.85. The net turnover during the day was Rs. 12993120.00.

Source : Equity Bulls

Keywords

ElectronicsMartIndia INE02YR01019 Retail EBOs KitchenStories Samsung Closure Hyderabad