25 May 2022, Mumbai:
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.
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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 C P Toshniwal and company secretary Virendra Samani resigned from the company. It is MD Rakesh Biyani had also stepped down this month.
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