Clarification on Price Movement

SRL:SEC:SE:2026-27/38 October 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Tower Plot No. C/1, G-Block Dalal Street Bandra-Kurla Complex Mumbai – 400 001 Bandra (East), (Scrip Code: 542337) Mumbai – 400 051 (Symbol: SPENCERS) Dear Sir/Madam, Sub: Clarification on Price Movement We refer to your e-mail / letter bearing reference No. NSE/CM/Surveillance/17741 and L/SURV/ONL/PV/APJ/ 2026-2027 / 4424 respectively dated October 22, 2026 on the above subject. In this connection, we wish to inform that Spencer’s Retail Limited (the “Company") is committed to compliance with the applicable laws. With regard to your queries, we wish to submit as follows:  With regard to the movement in price of the Company's security - The price fluctuations/ movements in the securities are purely market driven and therefore the Company is not in a position to provide any reason(s) for the price movement of the Scrip.  With regard to the compliance with regulation 30 of the SEBI LODR Regulations - the Company has been compliant with regulation 30 of the SEBI LODR Regulations and there is no further information available within the Company, which is required to be disclosed under regulation 30 of the SEBI LODR Regulations. We trust having explained the matter to your kind satisfaction. Thanking you. Yours faithfully, For Spencer’s Retail Limited Navin Kumar Rathi Company Secretary & Compliance Officer Spencer's Retail Limited Regd. Office: Duncan House, 31, Netaji Subhas Road, Kolkata-700 001 Corp. Office: RPSG House, 2/4 Judges Court Road, Kolkata-700 027 Tel: +91 33 2487 1091 Web: www.spencersretail.com CIN: L74999WB2017PLC219355