To, | 25th August, 2021 |
Dept. of Corporate Services (CRD) | Listing Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Bandra Kurla Complex, |
Dalal Street, | Bandra East, |
Mumbai - 400 001 | Mumbai - 400 051 |
Scrip Code: 540064 | Symbol: FRETAIL |
Scrip Code of Debt: 958809, 958810 & 959518 | |
Dear Sir / Madam, |
Ref: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Sub: Outcome of Board Meeting
With reference to above and as recommended by the Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held today i.e. on 25th August, 2021 had inter-alia considered and approved the appointment of Mr. Sadashiv Nayak as Chief Executive Officer ("CEO") of the Company with effect from 25th August, 2021. Mr. Sadashiv Nayak shall also act as Key Managerial Personnel (CEO) for the purpose of compliance under applicable provisions of the Companies Act, 2013.
The details as required under SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 along with other applicable provisions are given in Annexure A to this letter.
Kindly take the same on record and acknowledge the receipt.
Thanking you
Yours faithfully,
For Future Retail Limited
Virendra Samani
Company Secretary
Encl. : as above.
CC:
Singapore Exchange Securities Trading Limited
2, Shenton Way, #02-02, SGX Centre 1.
Singapore - 068 804
Future Retail Limited (Formerly known as Bharti Retail Limited)
Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P +91 22 4055 2200, F +91 22 4055 2201, www.futureretail.co.in
CIN: L51909MH2007PLC268269
Annexure "A" | ||||||
Sl. | Particulars | Details | ||||
No. | ||||||
1. | Reason | for | change | viz. | Mr. Sadashiv Nayak is appointed as Chief Executive Officer ("CEO") | |
appointment, | resignation, | and Key Managerial Personnel ("KMP") of the Company. | ||||
removal, death or otherwise | ||||||
2. | Date of appointment / cessation | Appointed with effect from 25th August, 2021. | ||||
(as applicable) & term of | ||||||
appointment | ||||||
3. | Brief profile (in case of | Mr. Sadashiv Nayak associated with Future Group over 17 years | ||||
appointment) | and in the last 8 years as the CEO of Big Bazaar, he has played a | |||||
pivotal role in making Big Bazaar what it is today. He had worked at | ||||||
various designations during his association within the Group. Mr. | ||||||
Nayak holds an engineering degree in Electronics and | ||||||
Communications from National Institute of Technology, Karnataka | ||||||
and a post graduate diploma in Business Management from XLRI, | ||||||
Jamshedpur. | ||||||
Prior to Future group he was associated with Hindustan Unilever | ||||||
Limited and Asian Paints Limited. He had over 27 years of | ||||||
experience and insights into Retail Industry. | ||||||
4. | Disclosure | of | relationships | Mr. Sadashiv Nayak is not related to any other Director or KMPs of | ||
between directors (in case of | the Company. | |||||
appointment of a director). | ||||||
5. | Information as required pursuant | Not applicable as Mr. Sadashiv Nayak has been appointed as CEO. | ||||
to BSE Circular with ref. no. LIST/ | ||||||
COMP/ 14/ 2018- 19 and the | ||||||
National Stock Exchange of India | ||||||
Ltd with | ref. | no. | NSE/ | CML/ | ||
2018/24, dated 20th June, 2018. |
Future Retail Limited (Formerly known as Bharti Retail Limited)
Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P +91 22 4055 2200, F +91 22 4055 2201, www.futureretail.co.in
CIN: L51909MH2007PLC268269
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Future Retail Ltd. published this content on 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 14:10:01 UTC.