Future Consumer Ltd - 533400 - Outcome Of Committee Of Directors Of The Board Of Directors Of The Company.
Please note that the Committee of Directors duly authorized by the Board of Directors has on 27th May, 2020, considered and approved termination of the joint venture arrangement with Mibelle A.G. and liquidation of joint venture company, Mibelle Future Consumer Products A.G. at Switzerland ('JV Company') together with the business activities of its Indian subsidiary - Mibelle India Consumer Products Private Limited pursuant to compliance with the applicable laws and subject to obtaining of necessary consents and approvals as may be required. The Company is in the process of entering into definitive agreements/documents to give effect to termination of joint venture arrangement and liquidation of JV Company. The details in respect of the same are enclosed herewith as Annexure A. Kindly take the same on record in compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and acknowledge receipt.27-05-2020
