Future Enterprises Limited has informed the Exchange about intimation of record date.
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Future Enterprises Limited, which is currently under Corporate Insolvency Resolution Process (CIRP) since February 2023, has fixed August 1, 2025 as the record date for an interim distribution to its Non-Convertible Debenture (NCD) holders. The distribution comes from sale proceeds of INR 508 Crores generated from the sale of certain company assets, approved by the Committee of Creditors. The NCLT, through its order dated May 2, 2025, permitted this interim distribution subject to priority payments under Section 53 of the Insolvency and Bankruptcy Code, and the distribution remains subject to final creditor entitlements. The record date applies to NCD holders across Series XV, XVII, XVIII, and XX, not to equity shareholders.
This announcement pertains only to debenture holders, not equity shareholders. For equity investors, the stock remains under CIRP with no clarity yet on a resolution plan, and the share price continues to reflect the high risk of the insolvency process. The interim distribution to NCD holders does not translate into any direct benefit for common shareholders.