Future Retail announced that Fitch Ratings has withdrawn the long term issuer rating and ratings on the USD denominated notes (listed on SGX) due to initiation of bankruptcy proceedings against the company and a weaker market position following a significant number of store closures. Powered by Capital Market - Live News

Future Retail announced that the interest on 5.60% Senior Secured Notes due 2025 (USD Notes) (payment due on 22 July 2022) has not been paid on account of ongoing corporate insolvency resolution process (CIRP) of the Company and, all outstanding amounts payable to any of the creditors of the Company as on the insolvency commencement date are required to be submitted as claims by the concerned creditors in accordance with the public announcement issued on 23 July 2022 read together with the applicable provisions of the Code. Further on account of the prevailing moratorium in terms of Section 14 of the Code and the NCLT`s (National Company Law Tribunal, Mumbai bench) order dated 20 July 2022, the Company is protected against inter alia any action of recovery or enforcement of security interest against the Company.Powered by Capital Market - Live News

Future Retail announced the resignation of Virendra Samani from the post of company secretary and compliance officer of the company with effect from 30 April 2022. Powered by Capital Market - Live News

Future Retail announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 April 2022 .Powered by Capital Market - Live News

Net Loss of Future Retail reported to Rs 1063.36 crore in the quarter ended December 2021 as against net loss of Rs 846.92 crore during the previous quarter ended December 2020. Sales rose 86.86% to Rs 2815.68 crore in the quarter ended December 2021 as against Rs 1506.87 crore during the previous quarter ended December 2020. ParticularsQuarter Ended�Dec. 2021Dec. 2020% Var. Sales2815.681506.87 87 OPM %-11.40-7.52 - PBDT-654.22-478.80 -37 PBT-1063.36-846.92 -26 NP-1063.36-846.92 -26 Powered by Capital Market - Live News