Future Retail Ltd

Future Retail to hold AGM On 08 May 2013 Future Retail has announced that the 25th Annual General Meeting of the company will be held on 08 May 2013.

Pantaloon Retail (India) changes its name To Future Retail Pantaloon Retail (India) has announced that the Registrar of Companies, Maharashtra, Mumbai has issued a fresh certificate of incorporation pursuant to section 23(1) of the Companies Act, 1956 on 16 March 2013, consequent to change in the name of the company from Pantaloon Retail (India) to Future Retail.

Pantaloon Retail (India) enters into share purchase agreement with Industrial Investment Trust To sell its part holding in Future General India Life insurance Company Pantaloon Retail (India) has entered into share purchase agreement with Industrial Investment Trust to sell its part holding in Future General India Life insurance Company representing 22.5% of the equity share capital of Future General India Life Insurance Company. Industrial Investment Trust is an investment company duly registered as a non-banking financial company (non deposit taking) with the Reserve Bank of India and is listed on the BSE and the National Stock Exchange of India. The transaction is subject to the receipt of the necessary approvals from governmental and regulatory authorities, including the CCI, the IRDA and the RBI. Post completion of the transaction, Future Group consisting of Pantaloon Retail (India) and Sprint Advisory Services shall continue to hold 52% shares in Future General India Life Insurance Company with the other shareholders being Participatie Maatschappij Graafschap Holland NV (which is a subsidiary of Assicuranzioni Generali S.P.A) and Industrial Investment Trust.

Pantaloon Retail (India)`s equity shareholders approve scheme of arrangement On 04 March 2013 The equity shareholders including class b (series 1) shareholders of Pantaloon Retail (India) in a meeting held on 04 March 2013 have approved the composite scheme of arrangement and amalgamation between Indus-League Clothing and Lee Cooper (India) and Future Ventures India and Pantaloon Retail (India) and Future Lifestyle Fashions and their respective shareholders and creditors with the requisite majority.

Hon`ble High Court approves scheme of arrangement of Pantaloon Retail (India) On 01 March 2013 Pantaloon Retail (India) has announced that the Hon`ble High Court of Judicature at Bombay, on 01 March 2013, has sanctioned the scheme of arrangement between Pantaloon Retail (India) (demerged company) and Peter England Fashions and Retail (resulting company) and their respective shareholders and creditors and Indigold Trade and Services, a shareholder of resulting company.

Pantaloon Retail (India) recommends dividend Of Rs 1.10 per equity share The board of Pantaloon Retail (India) in its meeting on 25 February 2013 has recommended dividend at the rate of Rs 1.10 per equity share of Rs 2 each (55%).

Pantaloon Retail (India) to consider dividend Board meeting on 20 February 2013 The board meeting of Pantaloon Retail (India) will be held on 20 February 2013 to consider and approve the audited financial results for the sixth quarter and financial period of 18 months ended 31 December 2012 and to consider the audited accounts for the financial period ended on 31 December 2012. The board will also consider and approve the consolidated accounts for the financial period ended 31 December 2012 and to consider recommendation of dividend.

Pantaloon Retail (India) to hold a meeting of the equity shareholders & class B (series 1) shareholders On 04 March 2013 By an order made on 01 February 2013, the Hon`ble High Court of Judicature at Bombay has directed that a meeting of the members of Pantaloon Retail (India), the applicant company, comprising of the equity shareholders and class B (series 1) shareholders of the applicant company, be convened and held on 04 March 2013 for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed composite scheme of arrangement and amalgamation between Indus-League Clothing and Lee Cooper (India) and Future Ventures India and Pantaloon Retail (India) and Future Lifestyle Fashions and their respective shareholders and creditors.

Pantaloon Retail (India)`s equity shareholders approve scheme of arrangement On 06 December 2012 The equity shareholders Pantaloon Retail (India) in a meeting held on 06 December 2012 have approved the scheme of arrangement between Pantaloon Retail (India), the demerged company and Peter England Fashions and Retail, the resulting company and their respective shareholders and creditors and Indigold Trade and Services as shareholder of the resulting company.

Pantaloon Retail (India)`s equity shareholders to approve scheme of arrangement On 06 December 2012 The equity shareholders meeting of Pantaloon Retail (India) will be held on 06 December 2012 to approve the scheme of arrangement between Pantaloon Retail (India), the demerged company and Peter England Fashions and Retail, the resulting company and their respective shareholders and creditors and Indigold Trade and Services as shareholder of the resulting company.

Pantaloon Retail (India)`s board approves scheme of arrangement On 09 November 2012 The board of Pantaloon Retail (India) in its meeting on 09 November 2012 has approved the composite scheme of arrangement between Pantaloon Retail (India) (PRIL/ the company), its 100% direct subsidiary Future Value Fashion Retail (to be renamed as Future Lifestyle Fashions) (Future Lifestyle Fashions), Future Ventures India (FVIL), Indus-League Clothing (ILCL) and Lee Cooper India (LCIL) and their respective shareholders and creditors {scheme). The salient features of the scheme concerning the company are as under: Demerger of its fashion undertaking comprising of manufacturing, sourcing, distribution and retail business of Central, Brand Factory, Planet Sports and aLL into Future Lifestyle Fashions. Based on the joint report submitted by independent valuers, the board has approved the share entitlement ratio as follows: 1 fully paid equity share of Rs 2 each of Future Lifestyle Fashions shall be issued and allotted for every 3 equity shares (including `Class B Series 1` shareholders) of Rs 2 each held in the company. PRIL shareholders shall be distributed equity shares of Future Lifestyle Fahsions to the extent of 75% and the balance of equity shares of Future Lifestyle Fashions shall be held by the company. The fashion business undertaking of FVIL comprising of interest in manufacturing, sourcing, distribution and retail of various fashion brands viz, Lee Cooper, indigo Nation, Daniel Hechter, Celio, Clarks, Hoii, BIBA, AND, Turtle etc. will also be demerged and vested in Future Lifestyle Fashions. Based on the joint report submitted by independent valuers, the board of FVIL approved the share exchange ratio as follows: 1 fully paid equity share of Rs 2 each of Future Lifestyle Fahsions shall be issued and allotted for every 31 equity shares of Rs 10 each held in FVIL. This issuance of shares will reduce the company holding in Future Lifestyle Fashions to 19.73% of the final paid up capital.

Pantaloon Retail (India) to announce Q5 results Board meeting on 09 November 2012 The board meeting of Pantaloon Retail (India) will be held on 09 November 2012 to consider and take on record the unaudited financial results for the fifth quarter ended 30 September2012 in view of extension of financial period of the company to eighteen month period ending on 31 December 2012.

Pantaloon Retail India`s board approves scheme of arrangement & amalgamation On 09 September 2012 The board of Pantaloon Retail India in its meeting on 09 September 2012 has approved the proposal to demerge business undertaking, comprising of all business, activities and operations pertaining to the Pantaloons format business of the company and transfer to Peter England Fashions and Retail (PEFRL) by way of a scheme of arrangement under the provisions of sections 391-394 of the Companies Act, 1956. Based on the joint report on share entitlement ratio submitted by independent valuers, Grant Thornton India LLP and Deloitte Touche Tohmatsu India, the board has approved the share entitlement ratio of 1 fully paid equity share of Rs 10 each of Peter England Fashions and Retail shall be issued and allotted for every 5 equity shares (including class B series 1 share) of Rs 2 each held in the company. The board has approved the merger of Future Value Retail, a wholly owned subsidiary with the company. The merger shall be achieved by way of a separate scheme of amalgamation pursuant to sections 391-394 of the Companies Act, 1956.

Pantaloon Retail (India) to announce Q4 results Board meeting on 08 August 2012 The board meeting of Pantaloon Retail (India) will be held on 08 August 2012 to consider and take on record the unaudited financial results for the fourth quarter ended 30 June 2012.

Pantaloon Retail India allots debentures On preferential basis The committee of Pantaloon Retail India in its meeting on 14 June 2012 has made allotment of 800 optionally fully convertible debentures (OFCDs) of Rs 1,00,00,000 each aggregating to Rs 800 crore to Peter England Fashions and Retail, an investor not forming part of promoter group on preferential basis.

Pantaloon Retail India allots equity shares On preferential basis The committee of Pantaloon Retail India in its meeting on 06 June 2012 has alloted 81,63,265 equity shares of Rs 2 each at a premium of Rs 243 per share to Bennett, Coleman & Company (BCCL), a private investor not forming part of promoter group on preferential basis.

Pantaloon Retail India enters into a share purchase agreement with Cloverdell Investment Pantaloon Retail India and its wholly owned subsidiary, Future Value Retail have entered into share purchase agreement (SPA) with Cloverdell Investment (one of the affiliated entity of Warburg Pincus, hereinafter referred to as `purchaser`) to sale its holding in Future Capital Holdings (FCH) in two tranches representing a maximum of 53.67% but subject to a minimum of 40% of the equity share capital of the company. The sale is proposed at a price of Rs 162 per share in accordance with the terms and conditions of the SPA. This SPA and further resolution passed today by FCH board to make preferential allotment of equity shares and/ or convertible securities of around Rs 100 crore to purchaser subject to the approval of members will require the purchaser to make an open offer under the SEBI (substantial acquisition of shares & takeovers) regulations, 2011.

Pantaloon Retail India to issue equity shares & debentures On preferential basis The members of Pantaloon Retail India at the extraordinary general meeting held on 30 May 2012 have approved the issue of 81,63,265 equity shares of Rs 2 each at a price of Rs 245 per share aggregating to Rs 199 crore on preferential basis to Bennett, Coleman & Company. The members have approved the issue of 800 optionally fully convertible debentures (OFCDs) at a price of Rs 1 crore per OFCD aggregating to Rs 800 crore on preferential basis to Aditya Birla Nuvo & / or its wholly owned subsidiary company, Peter England Fashion and Retail. Further, the members have approved to change the name of the company from Pantaloon Retail India to Future Retail India or such other name as may be approved by the Registrar of Companies, Maharashtra.

Pantaloon Retail India`s board approves scheme of arrangement The board of Pantaloon Retail India in its meeting on 15 May 2012 has considered and approved the scheme of arrangement for transfer of home hown division of the company to one of its wholly owned subsidiary company.

Pantaloon Retail India to convene EGM On 30 May 2012 Pantaloon Retail India has announced that the extraordinary general meeting of the company will be held on 30 May 2012.

Pantaloon Retail India to announce Q3 results Board meeting on 15 May 2012 The board meeting of Pantaloon Retail India will be held on 15 May 2012 to consider and take on record the unaudited financial results for the third quarter ended 31 March 2012 (Q3).

Pantaloon Retail India to issue equity shares & debentures To convene EGM The board of Pantaloon Retail India in its meeting on 03 May 2012 has approved the issue of 81,63,265 equity shares of Rs 2 each at a price of Rs 245 per share aggregating to Rs 1,99,99,99,925 on Preferential basis to Bennett, Coleman & Company. The board has approved the issue of 800 optionally fully convertible debentures (OFCD) at a price of Rs 1,00,00,000 per OFCD aggregating to Rs 800,00,00,000 on preferential basis to Aditya Birla Nuvo and/ or its 100% subsidiary company, Peter England Fashion and Retail. The board has passed the resolution for change in the name of the company, subject to approval of members, to Future Retail India or such other name as may be allowed by the Registrar of Companies, Maharashtra. Further, the board has decided to convene extraordinary general meeting on 30 May 2012.

Pantaloon Retail (India)`s board approves scheme of arrangement On 30 April 2012 The board of Pantaloon Retail (India) in its meeting on 30 April 2012 has approved for demerger of the "Pantaloons Format Business" into a separate entity through scheme of arrangement. The board has approved the interest shown by Aditya Birla Nuvo to acquire controlling stake in "Pantaloons Format Business" post demerger. As part of this Aditya Birla Nuvo have agreed to subscribe debentures of Rs 800 crore in the company to be issued at mutually agreed terms.

Pantaloon Retail (India) to announce financial results Board meeting on 10 February 2012 The board meeting of Pantaloon Retail (India) will be held on 10 February 2012 to consider and take on record the unaudited financial results for the quarter & half year ended 31 December 2011.

Pantaloon Retail (India) to announce financial results Board meeting on 10 November 2011 The board meeting of Pantaloon Retail (India) will be held on 10 November 2011 to consider and take on record the unaudited financial results for the first quarter ended 30 September 2011.

Pantaloon Retail (India) to raise funds Through issue of securities The board of Pantaloon Retail (India) in its meeting on 03 October 2011 has approved raising additional long term funds through issuance of further securities either through convertible instrument convertible into shares, debt instruments with attached warrants giving right to the holder of such warrants to subscribe for equity / class B shares, issue of equity / class B shares or any combination thereof to various investors by various means including public / private offerings and/or qualified institutional placement for an amount not exceeding Rs 1500 crore.

Pantaloon Retail (India) to hold board meeting On 03 October 2011 The board meeting of Pantaloon Retail (India) will be held on 03 October 2011 to consider various options of raising funds including rights issue, preferential issue and qualified institutional placement.

Pantaloon Retail (India) recommends dividend Of 45% The board of Pantaloon Retail (India) in its meeting on 25 August 2011 has recommended dividend at the rate of Re 0.90 per equity share (45%) and at the rate of Re 1 (50%) per Class B shares (Series 1).

Pantaloon Retail (India) to announce financial results Board meeting on 25 August 2011 The board meeting of Pantaloon Retail (India) will be held on 25 August 2011 to consider and approve the audited financial results for the last quarter and year ended 30 June 2011 and to consider the audited annual accounts and consolidated annual accounts for the financial year ended 30 June 2011. The board will also consider recommendation of dividend.

Pantaloon Retail`s committee approves conversion of CCPS into equity shares The committee of Pantaloon Retail (India) in its meeting on 31 July 2011 has approved conversion of 63,47,635, 0.01% compulsorily convertible preference shares (CCPS) of Rs 100 each into 63,47,635 equity shares of face value of Rs 2 each, aggregating Rs 1.27 crore. Consequently, the paid-up capital of the company has increased from Rs 43.41 crore to Rs 44.68 crore.

Pantaloon Retail (India) to announce Q3 results Board meeting on 13 May 2011 The board meeting of Pantaloon Retail (India) will be held on 13 May 2011 to consider and take on record the unaudited financial results for the third quarter ended 31 March 2011 (Q3).

Pantaloon Retail (India) to announce Q2 results Board meeting on 11 February 2011 The board meeting of Pantaloon Retail (India) will be held on 11 February 2011 to consider and take on record the unaudited financial results for the quarter & half year ended 31 December 2010 (Q2).

Pantaloon Retail (India) to announce Q1 results Board meeting on 14 November 2010 The board meeting of Pantaloon Retail (India) will be held on 14 November 2010 to consider and take on record the unaudited financial results for the first quarter ended 30 September 2010.

Pantaloon Retail's equity shareholders to approve scheme of arrangement On 03 November 2010 The equity shareholders meeting of Pantaloon Retail (India) will be held on 03 November 2010 to approve the scheme of arrangement between Pantaloon Retail (India), Future Value Retail and their respective shareholders.

Pantaloon Retail (India) to raise funds Through issue of securities The board of Pantaloon Retail (India) in its meeting on 07 October 2010 has approved raising of additional long term funds through further issuance of equity / Class B based securities to various investors by various means including public / private offerings / qualified institutional placement / on preferential allotment basis upto an amount not exceeding Rs. 750 crore.

Pantaloon Retail's committee approves scheme of arrangement On 15 September 2010 The committee of Pantaloon Retail (India) in its meeting on 15 September 2010 has approved the scheme of arrangement between PRIL, Future Value Retail (FVRL) and their respective shareholders and creditors for transfer of products and format brands of value retail business from PRIL to FVML.

Pantaloon Retail (India) recommends dividend Of 40% The board of Pantaloon Retail (India) in its meeting on 28 August 2010 has recommended dividend at the rate of Re. 0.80 (40%) per share and at the rate of Re. 0.90 (45%) per class B shares (series 1).

Hon'ble High Court approves scheme of arrangement of Pantaloon Retail (India) On 24 August 2010 Pantaloon Retail (India) has announced that the Hon'ble High Court of Judicature at Bombay on 24 August 2010 has sanctioned the scheme of arrangement between Home Solutions Retail (India), Pantaloon Retail (India) and their respective shareholders and creditors. Further, the Hon'ble High Court of Judicature at Bombay has sanctioned the scheme of arrangement between Pantaloon Retail (India), Future Mall Management, Future Merchandising and their respective shareholders and creditors.

Pantaloon Retail (India) to announce financial results Board meeting on 28 August 2010 The board meeting of Pantaloon Retail (India) will be held on 28 August 2010 to consider and approve the audited financial results for the last quarter and year ended 30 June 2010 and to consider recommendation of dividend.

Pantaloon Retail (India) allots warrants On preferential basis The committee of Pantaloon Retail (India) in its meeting on 29 June 2010 has allotted 1 crore warrants of Rs. 2 each, aggregating to Rs. 400 crore to Future Ideas Realtors India on preferential basis.

Pantaloon Retail to issue & allot warrants The members of Pantaloon Retail (India) have accorded to issue and allot 1 crore warrants to Future Ideas Realtors India on preferential basis. This was accorded at the extraordinary general meeting held on 28 June 2010.

Pantaloon Retail India's members approve the scheme of arrangements On 10 June 2010 The members of Pantaloon Retail India in the two court convened meeting and one extraordinary general meeting held on 10 June 2010 have approved the scheme of arrangement between Home Solutions Retail (India) Ltd and Pantaloon Retail (India) Ltd and their respective shareholders and creditors. The memebers have approved the scheme of arrangement between Pantaloon Retail (India) Ltd and Future Mall Management Ltd and Future Merchandising Ltd and their respective shareholders and creditors.

Pantaloon Retail (India) to convene EGM On 28 June 2010 Pantaloon Retail (India) has announced that the extraordinary general meeting of the company will be held on 28 June 2010.

Pantaloon Retail (India) to issue warrants To convene EGM The board of Pantaloon Retail (India) in its meeting on 31 May 2010 has approved to issue 1 crore warrants at a price of Rs. 400 per warrants, aggregating to Rs. 400 crore to one of the promoter group entity. Further, the board has decided to convene extraordinary general meeting on 28 June 2010.