ANI
14 May 2022, 17:25 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)Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...