Future Group companies’ results set to get delayed

Future Group companies’ results set to get delayed

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.

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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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CREDITS: ET NDTV Business Standard Global Online Money (The news article has not been edited by DFU Publications staff).

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