Announcement under Regulation 30(LODR)
Awaiting price reaction for this filing.
Future Consumer Limited's board, on July 25, 2025, approved two key matters. First, an amalgamation scheme to merge four wholly-owned subsidiaries — Bloom Foods and Beverages (BFBPL), Nilgiris Franchise (NFL), Nilgiri's Mechanised Bakery (NMBPL), and Appu Nutritions (ANPL) — into The Nilgiri Dairy Farm Private Limited (NDF), another wholly-owned subsidiary. Under the scheme, 100 shares of NDF will be issued to shareholders of each transferor company. Since Future Consumer already owns 100% of all entities, there is no change in its shareholding pattern or economic interest. Second, the board approved an extension for converting outstanding loans into equity or convertible securities — up to Rs. 18 crore in preference shares for NDFPL and up to Rs. 120 crore in convertible securities for Aadhaar Wholesale Trading and Distribution (AWTDL). Both subsidiaries have negative networth (NDF: -Rs. 85.5 crore; AWTDL: -Rs. 106.4 crore). The conversion is aimed at easing their interest burden. Transactions are targeted for completion by March 31, 2026, subject to regulatory approvals.
This is purely an internal restructuring with no impact on public shareholding or Future Consumer's economic interest in these units. The amalgamation simplifies the group structure and aims to cut duplication, while the debt-to-equity conversion relieves interest pressure on loss-making subsidiaries — a cleanup exercise rather than a value-accretive event for public shareholders at this stage.