Electronics Mart India Limited has announced the closure of its multi-brand outlet (MBO) named “Audio & Beyond” in Hyderabad. The outlet, located at Unit No. TF 313, Third Floor, Nexus Mall, will cease operations effective August 31, 2026. This decision stems from an evaluation of business performance and alignment with the company’s strategic plans to optimize its retail network.
Retail Network Optimization
Electronics Mart India Limited has made the strategic decision to close its multi-brand outlet (MBO) operating under the brand name “Audio & Beyond”. The outlet is situated at Unit No. TF 313, Third Floor, Nexus Mall, Hyderabad. Operations at this location are scheduled to conclude on August 31, 2026.
Rationale for Closure
The closure is a result of a thorough evaluation of the outlet’s business performance. This move is in line with the company’s broader strategic business plans, aimed at optimizing its retail network. Electronics Mart India aims to strengthen and expand its presence through strategically located and better-performing MBOs, ensuring efficient operations and enhanced market reach.
Employee and Customer Assurance
The company has assured all stakeholders that this transition will not negatively impact its employees. All staff members from the affected outlet will be redeployed to nearby outlets, guaranteeing continuity of employment and uninterrupted customer service. Electronics Mart India reiterates its commitment to supporting its employees and customers throughout this transitional period.
Source: BSE
