In accordance with Regulation 30(2) read with Clauses 16(l) to 16(p) of Para A of Part A Schedule III of the SEBI (LODR) Regulations, 2015, the specific features and details of the Resolution ....
Awaiting price reaction for this filing.
Future Supply Chain Solutions has disclosed the detailed features of the resolution plan submitted by Reliance Retail Ventures Ltd (RRVL), which was approved by the NCLT Mumbai Bench on October 13, 2025, under the Insolvency and Bankruptcy Code. As part of the plan, the company's entire existing equity share capital (4,38,83,598 shares) will be cancelled and extinguished without any payment to existing shareholders, since the liquidation value attributable to equity is nil. RRVL will simultaneously infuse fresh capital and acquire 100% of the reconstituted shareholding, and the equity shares will stand delisted from BSE and NSE with no exit price payable. The company, which had negative net worth of about Rs 294 crore and posted a loss of Rs 457 crore in FY24 (down from Rs 1,075 crore loss in FY23), will be taken over as a going concern with Reliance Retail planning to use its logistics and retail expertise to revive operations.
Existing shareholders face a total loss: their shares will be cancelled and the stock will be delisted with no buyback or exit price offered, as the resolution amount is insufficient to even cover secured creditors. Retail investors holding the stock will see their holdings extinguished, and trading in the scrip will cease once delisting takes effect on the Effective Date.