The 64th Annual General Meeting will be held on Friday, 19th June, 2026 at 11 AM through VC/OAVM. Please find the Notice for the Same.
Awaiting price reaction for this filing.
Futura Polyesters Limited has convened its 64th AGM on June 19, 2026 at 11 AM via VC/OAVM. The company reported revenue of Rs. 914.14 lakhs from discontinued operations for FY 2024-25, up from Rs. 12.90 lakhs in the previous year. However, the company suffered a massive loss of Rs. 10,198.82 lakhs before tax. No dividend was recommended due to these losses. On a positive note, the company successfully completed a One Time Settlement (OTS) of Rs. 243.45 crores with all consortium lenders in June 2025, fully discharging secured loan obligations. The banking restrictions were lifted in February 2026, restoring full operational access. The company is now pursuing revocation of its trading suspension on BSE (effective since March 2013) by addressing pending compliance obligations including unpaid listing fees.
The company is in turnaround mode after settling its massive debt burden. While the huge losses raise concerns, the completed OTS and restored banking access indicate improved financial health. Shareholders should monitor the company's compliance revival plan and potential revocation of trading suspension.