Future Consumer Limited announced that Mr. GN Bajpai has vide letter dated 2nd June, 2023 resigned from the position of an Independent Director and Non-executive Chairman from Board of Directors of the Company from the close of the business hours of 2nd June, 2023. Consequent to the same, Mr. GN Bajpai ceases to be the member and chairman of Audit Committee, member of Nomination and Remuneration /Compensation Committee and member of Committee of Directors. In his resignation letter, Mr. G N Bajpai has stated that the reason for his resignation is due to his advancing age, he has decided to steadily reduce from commitments.