Future Market Networks Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The company filed the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both the National Stock Exchange of India Limited and BSE Limited on April 06, 2026.

Regulatory Compliance Documentation

The certificate was issued by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent. The document confirms compliance with dematerialisation processes and regulatory requirements for the fourth quarter of fiscal year 2026.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed several key compliance aspects in their certificate dated April 3, 2026. The registrar verified that securities received from depository participants for dematerialisation during the quarter were properly confirmed to the depositories. All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

The certificate also confirms that security certificates received for dematerialisation were appropriately processed, with certificates being mutilated and cancelled after due verification by the depository participant. The names of depositories have been substituted in the register of members as registered owners within the prescribed timelines.

Corporate Information

Future Market Networks Limited operates under CIN L45400MH2008PLC179914. The compliance documentation was signed by Anil Cherian, Head – Legal and Company Secretary, representing the company in its regulatory submissions. MUFG Intime India Private Limited, with CIN U67190MH1999PTC118368, has its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.

The certificate represents routine quarterly compliance under SEBI's regulatory framework for depositories and participants, ensuring proper handling of dematerialised securities and maintaining transparency in the securities transfer process.

Surplus Finvest Private Limited has filed mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the conversion of 30,00,000 warrants into equity shares of Future Market Networks Limited. The promoter entity submitted the disclosure to BSE Limited and National Stock Exchange on March 30, 2026, detailing the acquisition that resulted in increased shareholding in the target company.

Warrant Conversion Transaction Details

The warrant conversion was executed on March 27, 2026, through a Board resolution, with Surplus Finvest Private Limited converting 30,00,000 warrants into equity shares on a 1:1 ratio. The transaction was completed under the provisions of SEBI (ICDR) Regulations, 2018, generating ₹3.36 crore in proceeds for Future Market Networks Limited.

Shareholding Pattern Changes

Following the warrant conversion, Surplus Finvest Private Limited's shareholding in Future Market Networks Limited increased significantly. The promoter entity's equity holding rose from 32,45,494 shares to 62,45,494 shares, while retaining 65,00,000 unconverted warrants for future conversion.

SEBI Regulatory Compliance Framework

The disclosure filing demonstrates adherence to multiple SEBI regulatory frameworks. Surplus Finvest Private Limited, identified by PAN AAFCS0533G, submitted the mandatory disclosure as a promoter entity under the substantial acquisition regulations, ensuring transparency in shareholding changes.

Share Capital Impact and Outstanding Position

The warrant conversion increased Future Market Networks Limited's equity share capital from 6,06,44,381 shares to 6,36,44,381 shares, representing a capital base expansion of ₹3.00 crore at face value. The total diluted share capital, assuming full conversion of all outstanding warrants, stands at 9,00,44,381 equity shares valued at ₹90.04 crore.

Surplus Finvest Private Limited retains conversion rights for the remaining 65,00,000 warrants, which can be exercised within 18 months from the original allotment date of December 18, 2024. The warrants require payment of the remaining 75% consideration upon conversion, providing the company with potential additional capital infusion of approximately ₹7.28 crore if fully exercised.