Future Retail Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Future Retail Limited has informed the stock exchanges about 17 Stakeholder Consultation Committee (SCC) meetings held between November 2024 and June 2025 under the insolvency process. The meetings were numbered sequentially from the Fifth to the Seventeenth. The communication has been signed by Sanjay Gupta, who is identified as the Liquidator appointed under the Insolvency and Bankruptcy Code (IBC), with IBBI registration. This indicates the company has moved beyond the Corporate Insolvency Resolution Process (CIRP) and is now in the liquidation phase, with ongoing stakeholder consultations on asset disposal or resolution matters.
This filing confirms that Future Retail remains deep in insolvency proceedings with a liquidator in control, meaning shareholders are unlikely to recover meaningful value. The frequent SCC meetings suggest active efforts to monetize assets or finalize a resolution, but the ongoing nature of the process (17 meetings over 7 months) indicates no quick resolution is in sight.