Disclosure in terms of SEBI circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November, 2019
Awaiting price reaction for this filing.
Future Consumer Limited has reported 100% default on its loans from banks and financial institutions, with the entire outstanding of ₹303.35 crore in default as of 30 September 2025. The company has also defaulted on the full ₹272.46 crore of unlisted NCDs held by Resurgent India Special Situations Trust, comprising ₹158.82 crore in principal and ₹113.64 crore in accrued interest. NCD defaults stretch back in instalments from 15 May 2022 through 15 February 2025, indicating a long-running debt crisis. Total financial indebtedness of the company is ₹575.81 crore. The management has stated it is working on asset monetisation and debt reduction over the current year.
This is a deeply negative disclosure for shareholders — the entire bank and NCD debt is in default, signalling severe financial distress and likely triggering further recovery actions, rating downgrades, and potential insolvency-linked outcomes. Equity holders face significant risk as lenders and NCD holders have priority claims over company assets.