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 Ltd has filed a mandatory disclosure revealing that its entire outstanding debt is in default as of 31 December 2025. The company owes INR 315.14 crore to banks and financial institutions on loans and cash credit facilities, and the full amount is classified as default. Additionally, INR 281.44 crore is outstanding on unlisted non-convertible debentures (NCDs) held by Resurgent India Special Situations Trust, which is also entirely in default. The NCD defaults stretch back from May 2022 through February 2025, covering principal of INR 158.82 crore and accrued interest of INR 122.61 crore. Total financial indebtedness stands at INR 596.58 crore. The company has stated it is working on asset monetization and debt reduction during the year.
This is a deeply negative signal for shareholders — the company is in complete default on both bank debt and bond obligations, suggesting serious liquidity stress and possible insolvency risk. Stock price is likely to remain under pressure until a credible debt resolution or asset sale plan is announced.