Future Consumer Ltd

Future Consumer Ltd has announced a meeting of its Committee of Creditors (CoC) on Tuesday, August 18, 2026, at 04:00 PM via Cisco Webex. The meeting, the second of its kind under the Insolvency and Bankruptcy Code, 2016, will discuss and potentially approve the invitation for Expression of Interest for resolution plans, insolvency resolution process costs, and the appointment of a Transaction Auditor. The agenda also includes reviewing minutes from the first CoC meeting and an update from the Interim Resolution Professional.

Future Consumer Ltd has announced that the first meeting of its Committee of Creditors (CoC) will be held on Thursday, August 6, 2026, at 04:00 P.M. This intimation is made in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The meeting is a significant procedural step under the insolvency and bankruptcy process.

Future Consumer Ltd has been served with an insolvency petition admission order by the National Company Law Tribunal (NCLT), Mumbai Bench. The petition was filed by Resurgent India Special Situations Fund under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT has admitted the petition, initiating the Corporate Insolvency Resolution Process (CIRP) against Future Consumer Ltd. The order was pronounced on July 8, 2026, and detailed order is being uploaded on the NCLT portal. Aegis Resolution Services Private Limited has been proposed as the Interim Resolution Professional (IRP).

Future Consumer Ltd has announced the extension of its trading window closure. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut until 48 hours after the declaration of the company's Audited Financial Results for the quarter and financial year ended March 31, 2026, and the Un-Audited Financial Results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

Future Consumer Ltd's National Company Law Tribunal (NCLT) hearing, related to a case filed by the State Bank of India (SBI), has been deferred. The deferral is due to a reserved order in a separate case involving the same corporate debtor, Resurgent vs Future Consumer Limited. The next hearing for the SBI case is scheduled for July 15, 2026. The company will continue to provide updates on this matter.

Future Consumer Ltd provided an update on the NCLT (Mumbai) hearing regarding the case filed by Resurgent India Special Situations Fund. Both counsels presented arguments concerning the Company's status as a Non-Banking Financial Company (NBFC) and the limitation period for filing the company petition. After hearing both parties, the National Company Law Tribunal has reserved its orders on the matter. Future Consumer Ltd has committed to providing further updates as the case progresses, in compliance with SEBI Listing Regulations.

Future Consumer Ltd announced that two of its wholly-owned subsidiaries, Aadhaar Retailing Limited and The Nilgiri Dairy Farm Private Limited, have received board approval to incorporate their own wholly-owned subsidiaries. The names for these new entities are pending approval from the Ministry of Corporate Affairs/Registrar of Companies. Further details as required by SEBI regulations will be disclosed in due course.

Future Consumer Ltd provided an update on the NCLT hearing concerning the case filed by State Bank of India. The company's counsel highlighted an ongoing arbitration with a JV partner and a pending decision on whether the company qualifies as an NBFC. The NCLT has adjourned the hearing to June 8, 2026, directing the company to file written submissions. The company will continue to provide updates on this matter.

Future Consumer Ltd has announced a delay in the declaration of its audited financial results for the quarter and year ended March 31, 2026. The company stated that the preparation of accounts and the audit are still ongoing. The company will declare its financial results upon completion of the statutory audit and will inform the stock exchanges in due course. The trading window for dealing in the company's securities will remain closed until 48 hours after the declaration of the financial results.

In a board meeting held on May 29, 2026, Future Consumer Ltd's board of directors did not consider or approve the audited financial results (standalone and consolidated) for the year ended March 31, 2026. The company cited ongoing preparation of accounts and audit as the reason for the delay. The company will declare its financial results upon completion of the statutory audit and will notify the stock exchanges in due course. The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the financial results.