Spencer's Retail Limited announced the Board of Directors of the Company, at their meeting held on April 18, 2024, Upon recommendation of the Nomination and Remuneration Committee and Audit Committee, the Board of Directors of the Company, appointed Mr. Sandeep Kumar Banka as the Chief Financial Officer and Key Managerial Personnel of the Company effective April 18, 2024. Mr. Sandeep Kumar Banka, is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), having 21 years of experience in the field of commercial, budgeting, planning, internal audit, treasury and working capital and taxation. He joined Spencer's Retail Limited in the year December 2021 as General Manager (Finance) and has worked closely with senior management in all operational and key projects.

Prior to joining Spencer's, he worked with organizations like Tata Motors Ltd., Hindustan Petroleum Corporation Limited, Emami Cement Ltd. in various leadership roles.