Future Market Networks will hold its 18th Annual General Meeting on September 26, 2026. The meeting is scheduled for 2:30 pm and will be conducted through Video Conferencing or Other Audio Visual Means without physical presence.

The company published advertisements regarding the meeting and e-voting details in the "Free Press Journal" (English) and "Navshakti" (Marathi) editions on September 6, 2026. This disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors resolved that the AGM would transact business as set forth in the convening notice. The proceedings comply with Section 101 of the Companies Act, 2013, along with relevant circulars issued by the Ministry of Corporate Affairs and SEBI.

Anil Cherian, Head – Legal and Company Secretary, signed the disclosure letter addressed to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited.

Future Market Networks reported a standalone net profit of ₹8.36 crore for the financial year ended March 31, 2026, a sharp decline from ₹67.50 crore in the previous year. The company’s revenue from operations fell 3.66% to ₹87.70 crore, reflecting a challenging operating environment for its mall management business.

Financial Performance

The company’s total income rose slightly to ₹98.70 crore from ₹96.89 crore in FY25, supported by a near-doubling of other income to ₹11.00 crore. However, this gain was offset by significant increases in non-operating expenses. Finance costs jumped to ₹16.58 crore from ₹11.18 crore, while depreciation expense more than doubled to ₹31.01 crore from ₹12.26 crore.

Profit before tax dropped to ₹7.58 crore from ₹79.94 crore. The previous year’s result included a credit of ₹57.06 crore from exceptional items, primarily related to tax adjustments, which was absent in the current period.

Balance Sheet and Cash Flow

Total assets decreased to ₹2,881.0 crore from ₹3,192.6 crore. Borrowings stood at ₹69.67 crore as of March 31, 2026, down from ₹79.08 crore a year earlier. Cash and bank balances declined to ₹4.34 crore from ₹8.35 crore. The company did not declare any dividend for the financial year.

What the Numbers Show

Depreciation and finance costs together consumed ₹47.59 crore, or roughly 86% of the company’s EBITDA of ₹55.17 crore. This high fixed-cost burden significantly compressed profitability, as operating margins remained relatively stable despite the revenue decline. The absence of the prior year’s exceptional tax credit further widened the year-on-year profit gap.

Corporate Governance

The company appointed Anil Biyani as Whole-Time Director for a three-year term starting April 1, 2025. Shreesh Misra retires by rotation at the upcoming Annual General Meeting on September 28, 2026, and seeks reappointment. The Board comprises six directors, including three independent directors.