C P Toshniwal, the Chief Financial Officer (CFO) of Kishore Biyani’s Future Retail, has resigned with effect from May 12. In a regulatory statement to the stock exchanges, Future Retail Limited announced Toshniwal’s resignation. In a letter to the stock exchanges, Future Retail Limited Chairman Kishore Biyani said, “Pursuant to above referred regulation read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you that, C P Toshniwal – Chief Financial Officer of the Company has resigned with effect from the close of business hours on May 12, 2022.”
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.
“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.
Check the latest news about business news section for best information.