Comments
The Future Lifestyle Fashions Ltd (FLFL) board, at its meeting on Wednesday, considered and approved the re-designation of Kishore Biyani, the company’s Managing Director, as Non-Executive Vice Chairperson, with effect from March 5.
In a stock exchange notice, the company said Biyani has been appointed as Executive Chairman of Future Retail Ltd and, in view of applicable provisions of the Companies Act, 2013, he would not be able to hold the position of MD of FLFL.
The re-designation is based on the recommendations of the Nomination and Remuneration Committee, it added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.