Future Enterprises Limited has informed the Exchange about intimation of record date.
FELDVR · price
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Awaiting price reaction for this filing.
Future Enterprises Limited (FEL), currently under Corporate Insolvency Resolution Process (CIRP) since February 2023, has fixed 1st August 2025 as the record date for an interim distribution to its Non-Convertible Debenture (NCD) holders. The company generated ₹508 Crores from the sale of certain assets, and the Committee of Creditors approved an interim distribution of these proceeds. The NCLT, through its order dated 2 May 2025, allowed this distribution subject to Section 53 priority payments and final entitlement under either a resolution plan or liquidation. NCD holders must hold their debentures as of the record date to be eligible for the interim payout.
This is a partial recovery for NCD holders who have been waiting since the insolvency process began in 2023. Positive for debenture holders as they will receive some interim payout, but final recovery amount remains uncertain and depends on whether a resolution plan is approved or the company goes into liquidation.