Future Consumer Limited has provided an updated disclosure regarding the National Company Law Tribunal (NCLT) hearing in the case filed by Resurgent India Special Situations Fund. The latest hearing took place on April 17, 2026, marking a significant procedural development in the ongoing legal proceedings.

Latest Hearing Developments

During the April 17, 2026 hearing, the company's counsel attempted to resume arguments regarding the limitation defense strategy. However, the tribunal declined to hear oral arguments and instead directed both parties to submit their pleadings in written format. This procedural shift indicates the tribunal's preference for comprehensive written submissions over continued oral presentations.

Tribunal Directions and Timeline

The tribunal has established a structured timeline for written submissions. Future Consumer Limited must file its written submissions within 10 days of the April 17, 2026 hearing. Subsequently, Resurgent India Special Situations Fund, as the financial creditor, has been granted one week to respond to the company's submissions.

Background Context

This latest development continues the legal proceedings that began with the company's earlier disclosures. The case involves Future Consumer Limited's defense based on limitation periods, with the company previously arguing that the first default occurred in May 2022, which falls beyond the statutory limitation period.

The company has maintained its position that proceedings should be dismissed on limitation grounds, citing relevant Supreme Court precedents including the Pathapati Subba Reddy case judgment.

Regulatory Compliance

Future Consumer Limited has committed to providing regular updates on the proceedings as they develop, ensuring compliance with SEBI Listing Regulations under Regulation 30. The company's disclosure was signed by Managing Director Samson Samuel and filed with both BSE Limited and National Stock Exchange of India Limited on April 17, 2026.

Future Consumer Limited has received regulatory compliance confirmation from its registrar and transfer agent regarding the dematerialisation of securities for the quarter ended March 31st, 2026. The confirmation certificate was issued by MUFG Intime India Private Limited under SEBI's regulatory framework.

Regulatory Compliance Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The certificate was dated April 3, 2026, and addressed to Future Consumer Limited's compliance officer.

Dematerialisation Process Verification

The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly confirmed to depositories. MUFG Intime India verified that all securities comprised in the certificates have been listed on stock exchanges where Future Consumer Limited's earlier issued securities are already listed.

The registrar confirmed completion of several critical processes:

• Securities received for dematerialisation were confirmed or rejected as appropriate
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depositories' names were substituted in the register of members as registered owners
• All processes were completed within prescribed regulatory timelines

About MUFG Intime India

MUFG Intime India Private Limited operates as a registrar and transfer agent, providing corporate registry services. The company, incorporated under CIN U67190MH1999PTC118368, maintains its registered office in Mumbai and was formerly known as Link Intime India Private Limited.

The confirmation certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, representing the company's commitment to regulatory compliance and proper maintenance of shareholder records.