Future Market Networks schedules EGM to approve fund raise
Future Market Networks Limited reported a standalone net profit of ₹151.88 lakh for the quarter ended March 31, 2026, recovering from a loss in the previous year. The board has approved a preferential issue of up to 1,00,000 equity shares and 1,99,00,000 warrants to Westfield Hygiene Private Limited at ₹10.80 per share to raise ₹21.60 crore. An EGM is set for June 17, 2026, to seek shareholder approval for this capital raising proposal.
*this image is generated using AI for illustrative purposes only.
Future Market Networks Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a turnaround in its financial performance for the quarter ended March 31, 2026. Standalone net profit for the quarter was ₹151.88 lakh, a significant recovery from the net loss of ₹2,844.43 lakh recorded in the corresponding quarter of the previous year. For the full year ended March 31, 2026, the standalone net profit was ₹835.98 lakh. Total income from operations for the quarter stood at ₹2,244.06 lakh, while total income for the year was ₹9,869.79 lakh.
Financial Performance
The board of directors, in its meeting held on May 19, 2026, approved the results along with a proposal to raise capital through a preferential issue. The statutory auditors, Bakliwal & Co., issued an unmodified opinion on the audited standalone and consolidated financial results. The auditors noted that the company has a positive net worth of ₹12,469.45 lakh as on March 31, 2026.
| Particulars | Quarter Ended March 31, 2026 (Audited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|
| Total Income | ₹2,449.01 lakh | ₹9,869.79 lakh |
| Total Expenses | ₹2,315.23 lakh | ₹9,111.34 lakh |
| Net Profit / (Loss) | ₹151.88 lakh | ₹835.98 lakh |
| Basic EPS | ₹0.25 | ₹1.38 |
Capital Raising Proposal
The board approved the issuance of up to 1,00,000 equity shares and up to 1,99,00,000 warrants on a preferential basis to non-promoter entities. The issue price is fixed at ₹10.80 per equity share and warrant, aggregating to an amount not exceeding ₹21.60 crore. The warrants will be convertible into equity shares within 18 months from the date of allotment. The proposed allottee is Westfield Hygiene Private Limited.
EGM Details
An Extra-Ordinary General Meeting (EGM) is scheduled for June 17, 2026, at 02:00 p.m. IST through Video Conferencing or Other Audio-Visual Means to seek shareholder consent for the proposed issuance. The remote e-voting period will commence from June 12, 2026, at 9:00 a.m. IST and end on June 16, 2026, at 5:00 p.m. IST. The cut-off date to determine eligibility is June 10, 2026.
Historical Stock Returns for Future Market Networks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.95% | +2.09% | +20.92% | +2.77% | -34.41% | -25.86% |
How will the ₹21.60 crore raised through the preferential issue be deployed, and could it accelerate Future Market Networks' revenue growth beyond the current ₹9,869.79 lakh annual run rate?
What is the strategic rationale behind Westfield Hygiene Private Limited's investment in Future Market Networks, and could this signal a potential business collaboration or sector diversification?
Given that the warrants are convertible within 18 months, what dilution impact could shareholders expect on EPS if all 1,99,00,000 warrants are fully converted into equity shares?
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