Spencer's Retail Limited has informed the Exchange regarding Notice of Postal Ballot
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Spencer's Retail Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. Anuj Singh (DIN: 09547776) as Chief Executive Officer and Managing Director (KMP) for a further period of three years effective March 22, 2026 to March 21, 2029. His proposed monthly compensation includes a basic salary of Rs. 12.66 lakh, HRA of Rs. 6.33 lakh, and a special allowance of Rs. 8.47 lakh, plus performance-linked bonuses and incentives; his last drawn remuneration for FY25 was Rs. 676.25 lakh. E-voting through NSDL will run from February 13, 2026 (9:00 AM) to March 14, 2026 (5:00 PM), with the cut-off date being February 6, 2026. The company is currently loss-making, reporting a loss before tax of Rs. 184.78 crore in FY25 on total income of Rs. 1,775.5 crore, and is investing in growth initiatives such as quick delivery (Jiffy) and loyalty programs.
This is a routine governance item seeking shareholder continuity for the existing CEO. Approval is largely expected and should not materially affect the stock, though the disclosed financial losses and ongoing turnaround strategy highlight that operational performance remains a key watchpoint for shareholders.