Futuristic Solutions Limited Receives Rs. 2.59 Crore Claim Settlement

1 min read     Updated on 11 Apr 2026, 02:50 AM
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AI Summary

Futuristic Solutions Limited announced the receipt of Rs. 2,59,23,908 on April 10, 2026, as final settlement of a pending claim. The amount was received in the company's bank account and disclosed to BSE through official communication signed by Managing Director Mandeep Sandhu, representing a positive development for the company's cash flow position.

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Futuristic Solutions Limited has announced the successful realization of a substantial claim amount, marking a positive development for the company's financial position. The announcement was made through an official disclosure to the Bombay Stock Exchange on April 10, 2026.

Claim Settlement Details

The company received Rs. 2,59,23,908 in its bank account on April 10, 2026, representing the final settlement of a pending claim. This significant amount was realized from one of the company's outstanding claims that had been under process.

Parameter: Details
Claim Amount: Rs. 2,59,23,908
Receipt Date: April 10, 2026
Settlement Type: Final Settlement
Status: Amount Received in Bank Account

Official Disclosure

The disclosure was made to the Bombay Stock Exchange in compliance with regulatory requirements. The communication was digitally signed by Mandeep Sandhu, Managing Director of Futuristic Solutions Limited, bearing DIN 00115301. The official document was signed on April 10, 2026, at 17:54:27 IST.

Financial Impact

The realization of this claim amount represents a positive cash flow for Futuristic Solutions Limited. The receipt of Rs. 2,59,23,908 as final settlement indicates the successful conclusion of a pending legal or commercial matter, potentially strengthening the company's financial position.

The company's prompt disclosure to the stock exchange demonstrates its commitment to maintaining transparency with stakeholders and adhering to regulatory compliance requirements.

Historical Stock Returns for Futuristic Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+15.42%-6.13%-13.94%-24.71%+79.29%

How will Futuristic Solutions Limited deploy this Rs. 2.59 crore windfall - towards debt reduction, expansion plans, or dividend distribution?

What impact will this claim settlement have on the company's quarterly earnings and stock price performance in the coming months?

Are there other pending claims or legal settlements that could provide additional cash inflows for Futuristic Solutions Limited?

Futuristic Solutions Limited Confirms Non-Large Corporate Status Under SEBI Framework

1 min read     Updated on 03 Apr 2026, 02:10 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Futuristic Solutions Limited has officially notified BSE Limited that it does not qualify as a Large Corporate under SEBI's regulatory framework for debt securities issuance. The confirmation was submitted on April 3, 2026, in compliance with SEBI Circular dated November 26, 2018, and was digitally signed by Company Secretary Jagrati Rathi.

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Futuristic Solutions Limited has formally notified BSE Limited of its status regarding SEBI's Large Corporate framework, confirming that it does not qualify as a Large Corporate under the regulatory guidelines for debt securities issuance.

Regulatory Compliance Disclosure

The company submitted its confirmation on April 3, 2026, in adherence to SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular specifically addresses fund raising by issuance of debt securities by Large Corporates and mandates disclosure compliance by entities that fall under this category.

Parameter Details
Disclosure Date April 3, 2026
Scrip Code 534063
SEBI Circular Reference SEBI/HO/DDHS/CIR/P/2018/144
Circular Date November 26, 2018
Status Confirmed Not a Large Corporate
Signatory Jagrati Rathi
Designation Company Secretary & Compliance Officer

Framework Compliance

The disclosure confirms that Futuristic Solutions Limited does not meet the framework and applicability criteria specified under clause 2.2 of the SEBI circular for Large Corporate classification. This determination is based on the specific parameters outlined in the regulatory framework governing debt securities issuance by large entities.

Corporate Governance

The confirmation was digitally signed by Jagrati Rathi, serving as Company Secretary and Compliance Officer, demonstrating the company's commitment to proper corporate governance and regulatory transparency. The digital signature was executed on April 3, 2026, at 13:50:09 +05'30', ensuring proper documentation and timestamp verification.

This disclosure ensures stakeholders are informed about the company's regulatory status and compliance with SEBI's framework for debt securities and large corporate classifications.

Historical Stock Returns for Futuristic Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+15.42%-6.13%-13.94%-24.71%+79.29%

What are Futuristic Solutions' alternative funding strategies now that it cannot access the Large Corporate debt securities framework?

How might this non-Large Corporate status impact the company's cost of capital and borrowing terms in future debt issuances?

Could Futuristic Solutions potentially qualify as a Large Corporate in the coming years if its business metrics change significantly?

More News on Futuristic Solutions

1 Year Returns:-24.71%