Spencer's Retail Limited — Others, 30-07-2025: Appointment

Spencer's Retail's board has approved the financial results for the quarter ended June 30, 2025. The company reported a standalone loss of Rs 3.12 Cr and a consolidated loss of Rs 6.16 Cr. Notably, current liabilities exceeded assets by Rs 656.77 Cr on a standalone basis and Rs 815.16 Cr consolidated. Management maintains a going concern basis, citing unutilized credit lines, potential promoter capital, and plans for margin improvement and cost reduction. The board also approved the re-appointment of S.R. Batliboi & Co. LLP as Statutory Auditors for a second five-year term, pending shareholder approval.