Reg. 34 (1) Annual Report_2021
Awaiting price reaction for this filing.
Futura Polyesters Limited has submitted its 2020-21 Annual Report for the 60th AGM scheduled for May 29, 2026. The company has been non-operational since December 2012 due to severe financial crisis. For FY 2020-21, the company reported nil turnover and a loss of Rs. 46.04 lakh, compared to a loss of Rs. 20.06 crore in the previous year. Accumulated losses stand at Rs. 573.68 crore. The company has successfully completed a One Time Settlement (OTS) of Rs. 243.45 crore with all consortium lenders in March 2025, with full payment made on June 23, 2025. No Dues Certificates have been received from all lenders including Bank of India, IDBI Bank, Canara Bank, Axis Bank, and others. The company's equity shares have been suspended from BSE trading since March 2013 due to non-compliance.
Shareholders should note this is a distressed company that has been dormant for over a decade. The successful OTS settlement and receipt of No Dues Certificates from all lenders represents a significant positive development, potentially paving the way for future revival or return of value. However, trading suspension remains active and compliance regularization is pending.