Announcement under Regulation 30(LODR)-Update

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

State Bank of India (SBI) has filed a case at NCLT Mumbai against Future Consumer Ltd, with the date of default mentioned as 1st April 2022 (irregularity in the account). The matter was heard on 8th January 2026 (delayed from 2nd January due to court vacation), where notice was issued to the Company. The Company's counsel sought and was granted two weeks to file a reply. The next hearing is scheduled for 16th February 2026.

Likely market impact

This is a procedural update at an early stage with the NCLT petition still pending admission. Investors should monitor this closely as SBI is a large secured creditor and any admission of insolvency proceedings could materially impact the stock and signal broader financial stress.