Future Retail Limited announced that Mr. Ravindra Dhariwal has tendered a letter of his resignation from the position of the "Independent Director" of the Company with effect from 23rd July, 2022 (intimation received by IRP thru' e-mail on 28th July, 2022) due to Company being referred to insolvency /initiation of corporate insolvency resolution process and his power/role as Independent Director of the Company being suspended as per the provisions of the Insolvency and Bankruptcy Code, 2016.