Announcement under Regulation 30(LODR)-Updates
Awaiting price reaction for this filing.
Future Consumer Ltd provided an update on the insolvency case filed against it at NCLT Mumbai by Resurgent India Special Situations Fund. The matter (C.P. (IB)/914(MB) 2025) was listed on 10th December 2025, where the company's counsel Mr. Shyam Kapadia submitted an Additional Affidavit and Written Submissions, which were taken on record. However, since the Tribunal was occupied with a fixed matter at 12:30 pm, arguments could not be heard. The case has been adjourned to 16th January (likely 2026) for further consideration. The reference to the company as 'Corporate Debtor' in the filing indicates that insolvency proceedings have already been admitted against the company.
Adverse for shareholders. The matter is now in active insolvency proceedings with a financial creditor, and the next hearing is set for mid-January. Outcome of the NCLT proceedings will be critical for the company's future and shareholder value.