Future Retail's Chief Financial Officer C P Toshniwal resigns

ANI
14 May 2022, 21:55 GMT+10

Mumbai (Maharashtra) [India], May 14 (ANI): Kishore Biyani-led Future Retail's Chief Financial Officer (CFO) C P Toshniwal has resigned from the company with effect from May 12.

Future Retail Limited announced about the resignation of Toshniwal in a regulatory filing to the stock exchanges.

"Pursuant to above referred regulation read with Schedule III of SEBI (Listing ObligationsDisclosure Requirements) Regulations, 2015, this is to inform you that, C P Toshniwal - Chief Financial Officer of the Company has resigned with effect from the closure of business hours of May 12, 2022," Future Retail Limited Chairman Kishore Biyani said in the letter to the stock exchanges.

"Consequent to the same, he shall also cease to be a 'Key Managerial Personnel' (KMP) of the Company. Accordingly, he ceased to be CFO and KMP with effect from close of business hours on May 12, 2022," Biyani said in the regulatory filing.

Toshniwal's resignation comes after a string of resignations from the top managerial position of the debt-ridden Future Retails in recent days.

Earlier this month, Rakesh Biyani stepped down from the position of managing director of Future Retail.

Kishore Biyani's daughter Ashni Biyani has resigned from the position of managing director of Future Consumer. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.

More Information

27 ℃

Mostly Cloudy in Seletar

Business

Section

UK to investigate anti-competitive Google ad sales

LONDON, England: The UK's Competition and Markets Authority has launched its second investigation into the advertising sales practices of Google.According ...

UK to OK Shell's North Sea gas project to provide 6.5% of nation's gas

LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...

As tourism returns, Spain's hotels raise rates 36% over 2021

MADRID, Spain: Hotels in Spain are seeing a rebound in tourism, increasing their rates by 36 percent in April over ...

Nasdaq Composite leads U.S. stocks in rally, index adds more than 3%

NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...

Hyundai recalls vehicles in US, Canada to replace seat belt part

WASHINGTON D.C.: Due to seat-belt mechanisms that could explode and shoot out metal fragments in the event of a crash, ...

Starbucks announces closure of all outlets in Russia

SEATTLE, Washington: Following the decision of McDonald's, Seattle-based Starbucks said this week that it will exit the Russian market after ...

Airlines

Section

Movie Review

The Day the Earth Caught Fire

Day the Earth Caught Fire