Future Consumer Limited has informed the Exchange regarding '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 disclosed to the stock exchanges that it is in default on its entire outstanding debt as of 30th June 2025. The company owes INR 294.97 crore to banks and financial institutions, and the entire amount is in default including both principal repayment and interest. Additionally, it has defaulted on INR 263.77 crore of unlisted Non-Convertible Debentures (NCDs) held by Resurgent India Special Situations Trust, consisting of INR 158.82 crore principal and INR 104.95 crore accrued interest. The NCD defaults span multiple quarters from May 2022 to February 2025. Total financial indebtedness stands at INR 558.74 crore, and the company states it is working on asset monetisation and debt reduction.
This is a very negative signal for shareholders — the company has defaulted on 100% of its bank borrowings and NCD obligations, indicating severe financial stress. The stock is likely to face continued pressure, and recovery prospects depend entirely on the success of the planned asset monetisation plan.