Intimation of 60th Annual General Meeting to be held on May 29 2026 alongwith the Notice to Shareholders and Annual Report for FY 2020-2021
Awaiting price reaction for this filing.
Futura Polyesters Limited has scheduled its 60th AGM for May 29, 2026 via video conferencing. The company has zero turnover for FY 2020-21 and posted a loss of Rs. 4.6 crore, with accumulated losses of Rs. 573.7 crore. Operations remain suspended since December 2012. The company achieved a major milestone by completing a One-Time Settlement (OTS) of Rs. 243.45 crore with all consortium lenders, with full payment made on June 23, 2025. No Dues Certificates received from all lenders including Bank of India, Phoenix ARC, Reliance ARC, Union Bank, IDBI, Canara Bank, Axis Bank, and SBI. Banking facilities restored in February 2026. Special business includes appointment of V.S. Somani & Co. as statutory auditors.
Debt clearance is positive for shareholders as the company clears a major hurdle. However, shares remain suspended from BSE trading since March 2013, and the company has no operating revenue. Revival plans and compliance restoration are pending.