Ryka Commercial Ventures Private Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Ryka Commercial Ventures Private Limited, the promoter of Future Lifestyle Fashions Limited (FLFL), has submitted a declaration to the exchanges confirming that no new encumbrance (pledge, lien or similar charge) has been created on the company's shares during the financial year 2024-25, apart from what was already disclosed. The filing also includes Annexure A listing promoter group shareholdings as of March 31, 2025: Ryka holds 3.71 crore shares (18.39%), RSCL Trading holds 38.13 lakh shares (1.89%), and three other entities hold negligible stakes. The erstwhile promoter, Future Corporate Resources, has been excluded from the list because FLFL is under the Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT. The Resolution Professional, Mr. Ravi Sethia, has been kept informed for compliance.
This is a routine yearly compliance filing by the promoter and does not indicate any change in shareholding or any new pledging of shares. Shareholders should note that FLFL remains under insolvency resolution, which continues to be the key overhang on the stock.