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( As on 15/11/2019 15:50) Future Enterprises - Reply to Clarification Sought

FEL:The Exchange had sought clarification from Future Enterprises Limited with respect to announcement dated 31-Oct-2019, regarding Credit Rating. On basis of above the Company was required to clarify following: 1. In case of downward rating, the disclosure may include reasons published by rating agency for such downward rating. The clarification of the company is attached.