The 64th AGM of the Company will be held on Friday, June 19, 2026 at 11.00 a.m. IST through Video Conferencing ('VC')/ Other Audio Visual Means ('OAVM'). Pursuant to Regulation 34(1) ....
Awaiting price reaction for this filing.
Futura Polyesters Ltd has called its 64th AGM for June 19, 2026 via video conferencing. The company reported a massive net loss of Rs. 10,198.82 Lakhs in FY 2024-25 from discontinued operations, with revenue of Rs. 914.14 Lakhs from sale of land assets. The company completed a One Time Settlement (OTS) with its consortium of 8 secured lenders (Bank of India, State Bank of India, Union Bank, Phoenix ARC, Reliance ARC, Canara Bank, IDBI Bank, Axis Bank) for Rs. 243.45 Crores in June 2025, receiving No Dues Certificates from all lenders. Banking restrictions were lifted in February 2026. The company has disposed of 170.18 acres of land (out of 211.14 acres in Chennai), with 40.96 acres remaining. No dividend has been recommended. The company also appointed a new CFO (June 2024) and Company Secretary (October 2024).
The OTS completion is a positive step toward resolving historic debt issues, but the company remains loss-making and its shares have been suspended from trading on BSE since March 2013. The revocation of trading suspension will require clearing outstanding listing fees and regulatory compliance, with no timeline assured.