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.

Future Market Networks Ltd has secured an order from the National Company Law Tribunal (NCLT), Mumbai Bench, permitting the withdrawal of its proposed amalgamation scheme with Metawear Ltd. The order, dated June 18, 2026, and uploaded to the NCLT portal on June 30, 2026, formally disposes of the company application as withdrawn. This development concludes the corporate action that had been proposed under Section 230(1) of the Companies Act.

The withdrawal follows specific resolutions passed by the boards of the entities involved. The Board of Directors of the transferor company approved the withdrawal during its meeting held on May 15, 2026. Subsequently, the transferee company's Board passed a similar resolution at its meeting on May 19, 2026. Counsel for the applicant tendered copies of these resolutions to the tribunal, confirming the instructions to withdraw the scheme.

The NCLT bench, comprising Shri Anil Raj Chellan, Hon'ble Member (Technical), and Shri K. R. Saji Kumar, Hon'ble Member (Judicial), accepted the submission. The tribunal noted the board decisions and the applicant's instructions to withdraw the application numbered C.A.(CAA)/18(MB)2026. Consequently, the case was disposed of as withdrawn.

The intimation regarding this regulatory development was submitted to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The filing was signed by Anil Cherian, Head - Legal and Company Secretary of Future Market Networks Limited.