Announcement under Regulation 30(LODR)-Updates
Awaiting price reaction for this filing.
State Bank of India (SBI) has filed a case against Future Consumer Limited at the NCLT Mumbai bench, listed on 12th December 2025. During the first hearing, the bench noted that the date of default was not clearly mentioned in Form 1 and that no bankers' evidence certificate was attached. SBI has been given 2 weeks to amend the petition, and the next hearing is scheduled for 2nd January 2026. No notice has been issued to the company at this stage, and the company has stated it will make appropriate representation.
This is an early-stage insolvency-related development triggered by a major bank creditor. While the petition has not yet been admitted and no notice has been issued, shareholders should watch closely — if the NCLT admits the case, it could trigger formal insolvency proceedings and weigh heavily on the stock.