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Incorporated in 2017, Spencer’s Retail Ltd develops, conducts, and promotes organized retail. It operates departmental and neighborhood stores under various formats across the country
Spencer's Retail Board approved financial results for the quarter and financial year, posting a consolidated net loss of ₹249.33 Cr. It granted 2.49 lakh employee stock options. Management expressed confidence in going concern via credit lines, promoter support, and cost reductions.