Spencer's Retail Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Spencer's Retail has announced a board meeting approving the consolidated financial results for the quarter and half-year. The group reported a consolidated loss after tax of Rs 246.36 Cr for the year, affected by restructuring and store closures in South and NCR. Revenue declined to Rs 1,995.20 Cr from Rs 2,345.03 Cr last year. The company is prioritizing margin improvement via cost optimization and store rationalization. Additionally, Spencer's appointed M/s. Manoj Shaw & Co. as Secretarial Auditors for five years, pending shareholder approval.