Shoppers Stop Limited — Others, 14-01-2025: Change in Management

Shoppers Stop Limited has announced a board meeting outcome, approving the un-audited financial results for the quarter and nine months ended December 31, 2024. The total income stands at ₹1,333.78 crore, with a net profit of ₹48.59 crore attributed to the owners. Additionally, the board confirmed the resignation of Mr. Nishit Sheth as Company Secretary & Chief Compliance Officer, effective January 14, 2025, and appointed Mr. Rakeshkumar Saini to the role starting January 15, 2025. This leadership change can enhance management stability, fostering a positive outlook amid ongoing operational challenges.