The Board of Directors of Future Consumer Limited have, at their meeting held i.e. 4th November, 2023, after the conclusion of the AGM, considered and approved the following: Based on the recommendation of the Nomination and Remuneration /Compensation Committee, appointment of Mr. Samson Samuel as an Additional Director of the Company designated as Managing Director with effect from 4th November, 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. Mr. Samson Samuel has also been designated as a `Key Managerial Personnel' of the Company with effect from 4th November, 2023. Mr. Samson Samuel is an Engineer with around 24 years of experience spanning across manufacturing, consulting, IT and supply chain industries.

He has worked in India and US in various capacities with organizations of repute like BestBuy, Staples, Lowes, Future Group, Mafatlal Consultancy, Wipro & Cognizant. He has been associated with Future Consumer Limited to look after the overall business affairs of its subsidiary operating under the format `Nilgiris'. He was also appointed as Chief Executive Officer of the Company with from 12th May, 2022.