NEW DELHI: Four listed firms of the Kishore Biyani-led Future Group on Tuesday expressed their inability to convene a board meeting before May 30 to approve their financial results for the March quarter and FY22 on account of vacant positions on their respective boards.
The companies are — Future Retail, Future Lifestyle Fashion, Future Supply Chain Solutions and Future Enterprises. In the last two months, Future Retail, the flagship firm of the debt-ridden Future Group, witnessed several top-level exits after its Rs 24,713-crore deal with Reliance Retail was called off.
Earlier this month, FRL‘s chief financial officer CP Toshniwal and company secretary Virendra Samani had resigned from the company. Its MD Rakesh Biyani had also stepped down this month.
The companies are — Future Retail, Future Lifestyle Fashion, Future Supply Chain Solutions and Future Enterprises. In the last two months, Future Retail, the flagship firm of the debt-ridden Future Group, witnessed several top-level exits after its Rs 24,713-crore deal with Reliance Retail was called off.
Earlier this month, FRL‘s chief financial officer CP Toshniwal and company secretary Virendra Samani had resigned from the company. Its MD Rakesh Biyani had also stepped down this month.
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