Senco Gold appointed Shashi Bhushan Singh as Chief General Manager – Sales and Business Development on October 12, 2026. The role is designated as Senior Management Personnel.

The appointment follows the recommendation of the Nomination, Remuneration and Compensation Committee and subsequent approval by the Board of Directors. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile and Experience

Singh brings approximately 22 years of experience in the retail and consumer sectors. His career includes tenures at Raymond Limited, Titan Company Limited, and Spencers Retail Limited. He specializes in franchise expansion, sales, retail operations, modern trade, and business development.

Key highlights of his professional background include:

• Franchise Expansion: 15 years of dedicated experience in this domain.
• Retail Network: Contributed to establishing over 400 retail outlets across India.
• Strategic Initiatives: Led new product introductions, market penetration strategies, and business turnarounds.
• Education: Holds an Executive Programme in Business Management from IIM Lucknow, a Post Graduate Diploma in Retail Management from SCDL, and a B.A. in Economics from VBSP University.

Regulatory Disclosure Details

The company filed the requisite details with the National Stock Exchange of India Limited and BSE Limited. The appointment is effective immediately from the date of board approval. No term of appointment was specified in the disclosure, marked as "Not Applicable."

Senco Gold has raised its FY27 growth target from 20% to at least 25%+, reflecting robust performance and strengthened outlook for the jewellery retailer.

Growth target revision

The company updated its medium-term guidance, increasing the projected growth rate for FY27. The new target of at least 25% represents a significant upward revision from the previous estimate of 20%. This adjustment indicates management's confidence in sustaining higher expansion rates in the coming fiscal year.

Q2 revenue performance

Prior to this guidance update, the company reported a 31% year-over-year revenue growth in Q2, marking a strong topline performance. The double-digit growth rate reflects a notable acceleration in Senco Gold's topline compared to the year-ago period.

The 31% YoY revenue increase positions Senco Gold among the stronger performers in the jewellery retail segment for the reported quarter. No additional financial metrics, including net profit, EBITDA, or segment-level data, were provided in the source material.