Spencer's Retail Limited announced that at a meeting of the Board of Directors held on February 11, 2019, Mr. Debanjan Mandal has been appointed as an Additional Director and also as an Independent Director for a period of five years with effect from 11 February, 2019. Mr. Mandal, a noted lawyer, is a Senior Partner of the law firm - Fox & Mandal. Mr. Devendra Chawla has joined Company as Chief Executive Officer and Managing Director for a period of three years with effect from 11 February 2019.

In his career spanning over 23 years with consumer facing industries, Mr. Chawla has been involved in various senior management roles in reputed companies. His last appointment was with Walmart India as its Chief Operating Officer and Executive Vice President, Global Officer/Board member. Mr. Chawla's above appointment will be subject to the approval of the shareholders of the Company at the next general meeting of the Company.

Further, Mr. Rama Kant has been appointed as Company Secretary and Compliance Officer at the said meeting. He will replace Mr. Navin Rathi who was earlier the Company Secretary. Mr. Rama Kant has years of relevant experience in Secretarial work.