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 defaults on its entire outstanding debt as of 31 December 2025. The company has defaulted on the full Rs 315.14 crore outstanding on bank and financial institution loans (both principal and interest), as well as the entire Rs 281.44 crore outstanding on unlisted NCDs held by Resurgent India Special Situations Trust. The NCD defaults (principal of Rs 158.82 crore plus accrued interest of Rs 122.61 crore) have been ongoing since 15 May 2022, with repeated missed quarterly payments through 15 February 2025. Total financial indebtedness of the company stands at Rs 596.58 crore. The company mentions it is working on asset monetization and debt reduction over the current year.
This is a highly negative signal for shareholders, indicating the company is in severe financial distress with 100% default on both bank debt and NCDs, raising serious concerns about solvency and going-concern status. The stock is likely to face continued pressure and high risk of further value erosion.