Future Market Networks Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
FMNL · price
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Awaiting price reaction for this filing.
Future Market Networks Limited (FMNL) announced Q1 FY26 results with standalone total income of Rs. 2,319.62 lakhs (down slightly from Rs. 2,331.07 lakhs in Q1 FY25) and standalone net profit of Rs. 120.59 lakhs (vs Rs. 8,234.43 lakhs last year, which was inflated by one-time property gains). Operational profit before exceptional items fell sharply from Rs. 743.04 lakhs to Rs. 93.10 lakhs, mainly due to higher finance costs and depreciation. The company booked an exceptional loss of Rs. 1,900 lakhs from writing off irrecoverable capital advances. The Board recommended appointing M/s. Bakliwal & Co. as new statutory auditors (replacing S.K. Patodia & Associates LLP) for a two-year term and adopted the FMNL Employees Stock Option Scheme 2025, both subject to shareholder approval at the 17th AGM on September 25, 2025. The auditor flagged an emphasis of matter highlighting large contingent liabilities from corporate guarantees and disputed mall-related obligations totaling over Rs. 32,000 lakhs.
Sharp drop in core operational profitability and a Rs. 1,900 lakh exceptional write-off are negatives, while the heavy contingent liabilities from related-party guarantees remain a key overhang. Auditor change and ESOP scheme may also draw shareholder attention at the upcoming AGM.