General Announcement::Appointment of CEO

To,	25th August, 2021
Dept. of Corporate Services (CRD)	Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Bandra Kurla Complex,
Dalal Street,	Bandra East,
Mumbai - 400 001	Mumbai - 400 051
Scrip Code: 540064	Symbol: FRETAIL
Scrip Code of Debt: 958809, 958810 & 959518
Dear Sir / Madam,

Ref: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Sub: Outcome of Board Meeting

With reference to above and as recommended by the Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held today i.e. on 25th August, 2021 had inter-alia considered and approved the appointment of Mr. Sadashiv Nayak as Chief Executive Officer ("CEO") of the Company with effect from 25th August, 2021. Mr. Sadashiv Nayak shall also act as Key Managerial Personnel (CEO) for the purpose of compliance under applicable provisions of the Companies Act, 2013.

The details as required under SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 along with other applicable provisions are given in Annexure A to this letter.

Kindly take the same on record and acknowledge the receipt.

Thanking you

Yours faithfully,

For Future Retail Limited

Virendra Samani

Company Secretary

Encl. : as above.

CC:

Singapore Exchange Securities Trading Limited

2, Shenton Way, #02-02, SGX Centre 1.

Singapore - 068 804

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P [phone], F [phone], www.futureretail.co.in

CIN: L51909MH2007PLC268269

						Annexure "A"
Sl.		Particulars		Details
No.
1.	Reason	for	change	viz.	Mr. Sadashiv Nayak is appointed as Chief Executive Officer ("CEO")
	appointment,		resignation,	and Key Managerial Personnel ("KMP") of the Company.
	removal, death or otherwise
2.	Date of appointment / cessation	Appointed with effect from 25th August, 2021.
	(as applicable) & term of
	appointment
3.	Brief profile (in case of	Mr. Sadashiv Nayak associated with Future Group over 17 years
	appointment)				and in the last 8 years as the CEO of Big Bazaar, he has played a
						pivotal role in making Big Bazaar what it is today. He had worked at
						various designations during his association within the Group. Mr.
						Nayak holds an engineering degree in Electronics and
						Communications from National Institute of Technology, Karnataka
						and a post graduate diploma in Business Management from XLRI,
						Jamshedpur.
						Prior to Future group he was associated with Hindustan Unilever
						Limited and Asian Paints Limited. He had over 27 years of
						experience and insights into Retail Industry.
4.	Disclosure		of	relationships	Mr. Sadashiv Nayak is not related to any other Director or KMPs of
	between directors (in case of	the Company.
	appointment of a director).
5.	Information as required pursuant	Not applicable as Mr. Sadashiv Nayak has been appointed as CEO.
	to BSE Circular with ref. no. LIST/
	COMP/ 14/ 2018- 19 and the
	National Stock Exchange of India
	Ltd with	ref.	no.	NSE/	CML/
	2018/24, dated 20th June, 2018.

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P [phone], F [phone], www.futureretail.co.in

CIN: L51909MH2007PLC268269