Future Group-backed packaged foods company,
Future Consumer was in focus on Thursday's trading session. However, the stock froze at the lower circuit limit of Rs8.66 per piece down 4.94% on Sensex after the company's CEO resigns.
Future Consumer informs exchanges that, Rajnikant Sabnavis has resigned as Chief Executive Officer of the Company.
This will come into effect from the closure of the business hours on November 27, 2020.
With that, Sabnavis will also consequently cease to be “Key Managerial Personnel’ of the Company.