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Future Lifestyle Fashions Ltd (FLFL) on Thursday said it has received a three-month extension from the Registrar of Companies for holding its Annual General Meeting. The Future group firm has received a letter from the Registrar of Companies Mumbai, Maharashtra, on Thursday, granting an extension for a period of three months for holding the AGM till December 31, 2022, the company said in a statement. "Accordingly, the aforesaid Annual General Meeting of the Company would be held within the extended timeline," it said. FLFL has in-house retail chains Central and Brand Factory, Exclusive Brand Outlets (EBOs) and other Multi-Brand Outlets (MBOs of nearly a dozen apparel labels, including - Lee Copper, Champion, aLL, Indigo Nation, Giovani, John Miller, Scullers, Converse and Urbana in its portfolio. FLFL was part of 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred by Kishore Biyani-led Future Group to Relian
REC Ltd will seek shareholders' approval to raise up to Rs 75,000 crore through issuance of bonds next week. The funds are proposed to be raised through issuance of debentures on private placement basis during a period of one year from the date of passing of the resolution, in one or more tranches, as per the AGM notice. The limit of Rs 75,000 crore shall be within the overall revised borrowing limit. The annual general meeting (AGM) of shareholders is scheduled for September 16, 2022. REC will also seek shareholders' approval to authorize the board to mortgage/create charge on immovable and/or movable properties of the company, for securing loan up to Rs 4,50,000 crore.