Future Consumer has informed that the Board of Directors of the Company have at their meeting held on 23rd October, 2023, considered and approved the following: Based on the recommendation of the Nomination and Remuneration / Compensation Committee, appointment of Samson Samuel (DIN: 07523995) as an Additional Director of the Company designated as Managing Director with effect from 23rd October, 2023 for a period of 3 years and payment of remuneration to him, subject to necessary consents and approvals that may be required in accordance with applicable laws and regulations, including approval of the members of the Company. Samson Samuel, being appointed earlier as the Chief Executive Officer has already been designated as ‘Key Managerial Personnel’ of the Company and shall continue to be a ‘Key Managerial Personnel’ of the Company. Consequent to appointment of Samson Samuel as an Executive Director, he shall consequently cease to be the Chief Executive Officer of the Company.
The above information is a part of company’s filings submitted to BSE.