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| Exchange Disseminated Time | Future Retail Ltd has submitted to BSE a copy of joint press release which is being issued by Bharti Retail Limited and Future Retail Limited with respect to changes in KMP.
1. Mr. Kishore Biyani, resigned from the post of Managing Director with effect from closing business hours of May 01, 2016. He will continue to hold office as Non-Executive Director of the Company; and
2. Mr. Rakesh Biyani, resigned from the Board as well as post of Joint Managing Director with effect from closing business hours of May 01, 2016.
The aforesaid reconstitutions have been effected to ensure proper representation of promoters and the professional Board on both the companies. Find attached herewith the joint press release issued on May 03, 2016 by Bharti Retail Limited and the Company in this regard. |
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