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 disclosed that it is in default on the entirety of its outstanding debt obligations as of 31st March 2025. The company has defaulted on the full ₹287.20 crore owed to banks and financial institutions under loan and cash credit facilities. Additionally, it has defaulted on the full ₹239.31 crore in unlisted debentures (NCDs) held by CDC Emerging Markets (British International Investment), which includes ₹158.82 crore in principal and ₹80.48 crore in accrued interest, with missed quarterly payments dating back to May 2022. Total financial indebtedness stands at ₹526.51 crore, all of which is in default. The company stated it is working on asset monetization and debt reduction plans.
This is a deeply negative signal — 100% default on all outstanding debt indicates severe financial distress and raises serious concerns about the company's solvency. Shareholders should expect continued pressure on the stock price and heightened risk of insolvency proceedings or forced asset sales.