chawla to be spencer’s retail md - personal care appliances

Spencer Retail Limited(SRL), the multi-
Format retailer for RP Sanjiv Goenka Group has served as CEO and managing director at Wal-Mart's former Indian COO Devendra Chawlayear term.
Appointment of Sir
The company referred to Chawla in a regulatory document that said Debanjan Mandal, a senior partner at fox & Mandal law firm, was appointed as an independent director, rama Kant was appointed secretary and compliance officer of the company.
The appointment of Mr. Chawla depends on the nod of the shareholders.
Of the eight member committees, Sanjiv Goenka will be the chair, and his son Shashwat Goenka is a non-
Independent director.
Spencer recently reported that Alibaba or Amazon sold shares.
The company was listed on three stock exchanges after leaving CESC Ltd.
Restructuring is under way.
The plan provides for the creation of four entities with a focus on electricity generation, distribution, organized retail and other businesses.
The SRL said in an investor report that it has a 6.
Revenue growth of 6% in the third quarter of 201819 and a ₹5.
2 crore's after-tax profit on a minus 2 in the nine months of fiscal 2019.
Loss of Rs 5 a year ago
The retailer sells FMCG, food, fashion, staple food, personal care, household necessities and appliances.
Food accounts for 62.
9% of its sales
Fast food and clothing.
This year, 19 new stores have been added, and 146 stores are currently in 36 cities.
It also launched a private label project in food fashion, home and general merchandise sales, and launched e-commerce online business in eight cities.
Comment Mr.
The appointment of Chawla, a company spokesman, said the SRL is looking forward to strong performance in the coming months and is more focused on profitability.