Spencer's Retail Limited has announced the grant of stock options to an eligible employee under its established Employee Stock Option Plan 2019. The company's Nomination and Remuneration Committee of the Board of Directors has approved this strategic employee benefit initiative in accordance with regulatory requirements.

Stock Option Grant Details

The approved grant encompasses significant employee benefits structured under the company's existing framework:

Regulatory Compliance and Communication

The company has fulfilled its disclosure obligations by informing both major stock exchanges about this development. The official communication was sent to the National Stock Exchange of India Limited and BSE Limited on March 24, 2026, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The stock option grant represents part of Spencer's Retail's employee retention and motivation strategy, providing eligible employees with potential equity participation in the company's growth. Each granted option allows the holder to acquire one equity share of the company, subject to the terms and conditions outlined in the Employee Stock Option Plan 2019.

Corporate Information

Spencer's Retail Limited operates with its registered office located at Duncan House, 31, Netaji Subhas Road, Kolkata, while maintaining its corporate office at RPSG House, 2/4 Judges Court Road, Kolkata. The company secretary and compliance officer, Navin Kumar Rathi, signed the official communication to the stock exchanges, ensuring proper documentation and regulatory adherence.

Spencers retail has successfully concluded its postal ballot process with shareholders delivering overwhelming approval for the re-appointment of Mr. Anuj Singh as Chief Executive Officer and Managing Director. The special resolution, announced on March 14, 2026, secured exceptional shareholder support across all categories.

Voting Results and Participation

The postal ballot process demonstrated strong shareholder confidence in the company's leadership direction. Key participation metrics revealed comprehensive engagement across shareholder categories:

The resolution sought approval for Mr. Anuj Singh's (DIN: 09547776) re-appointment as CEO, Managing Director, and Key Managerial Personnel for an additional 3-year term.

Comprehensive Shareholder Support

The voting results demonstrated exceptional unity among shareholders, with 99.99% of polled votes supporting the resolution. The detailed breakdown across shareholder categories revealed unanimous backing from key investor groups:

E-Voting Process and Compliance

The postal ballot was conducted entirely through remote e-voting via the NSDL platform, ensuring transparent and secure participation. The process adhered to regulatory requirements under Section 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations.

S. M. Gupta & Co., the appointed scrutinizer, oversaw the entire voting process and confirmed the resolution's passage with requisite majority. The e-voting facility operated from 9:00 AM on February 13, 2026, to 5:00 PM on March 14, 2026, with votes being unblocked in the presence of independent witnesses.

Resolution Details and Governance

The special resolution specifically addressed the re-appointment of Mr. Anuj Singh for a further 3-year period in his capacity as Chief Executive Officer and Managing Director. Notably, the promoter and promoter group declared no specific interest in this resolution, emphasizing the independent nature of the decision.

The company confirmed that all documentation related to the postal ballot results has been uploaded to its website and NSDL's platform, with physical display at the registered office ensuring complete transparency and regulatory compliance.