Spencer's Retail Limited announced the outcome of its Board Meeting held on February 6, 2026. The Board considered and approved the unaudited financial results (Standalone and Consolidated) for the third quarter and nine months ended December 31, 2025. Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Anuj Singh as the Chief Executive Officer & Managing Director (CEO & MD) of the Company for a further period of three years, effective March 22, 2026. This re-appointment is subject to the approval of the Company's Members. Mr. Anuj Singh has extensive experience in leading Indian and global FMCG, Food Service, and Retail organizations. The financial results for the quarter ended December 31, 2025, indicate a loss after tax of ₹3,325.01 lakhs on a standalone basis and a consolidated loss after tax of ₹5,834.53 lakhs. For the nine months ended December 31, 2025, the standalone loss after tax was ₹9,808.29 lakhs, and the consolidated loss after tax was ₹18,374.77 lakhs. The company notes that its current liabilities exceed current assets but is confident in its ability to generate sufficient cash to meet its obligations over the next 12 months, supported by unutilized credit lines, promoter capital, and monetizable investments. The company is also focusing on margin improvement through discontinuing loss-making stores and cost reduction initiatives. The Board Meeting commenced at 2:15 PM and concluded at 3:45 PM.
