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Exchange Disseminated Time | The Exchange had sought clarification from Future Retail Ltd with respect to news appearing in Economic Times on April 16, 2015 titled "Bharti, Kishore Biyani Mulling a Joint Future on Retail Front." Future Retail Ltd replied stating "Future Retail Limited has been disclosing all events, information etc. that have bearing on the operation/performance of the Company pursuant to the final decisions taken by the Board of Directors of the Company from time to time. Nothing mentioned in the referred article has been so far considered or approved by the Board of Directors of the Company. As per the practices followed by the Company any such event/information, relating the Company, that may be deliberated and approved by the Board of Directors in future, shall follow the necessary disclosure and other requirements prescribed under the applicable laws and will be communicated accordingly.
As reiterated in our earlier correspondence, we have been following a consistent corporate governance policy of informing the shareholders with right information but refrain from commenting on any such news items, to avoid any speculative activity." |
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