Future Market Networks Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following Board approval on February 10, 2026. The company operates primarily in property and related services, delivering mixed performance across key financial metrics during the reporting period.

Financial Performance Overview

The company's standalone operations showed resilience with total income reaching ₹2,407.25 lakhs in Q3FY26, compared to ₹2,571.64 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹220.63 lakhs, down from ₹628.44 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company demonstrated stronger overall performance with total income of ₹7,420.78 lakhs compared to ₹7,386.75 lakhs in the previous year. Net profit reached ₹684.11 lakhs, though significantly lower than the exceptional ₹9,594.27 lakhs reported in the corresponding period of FY25.

Consolidated Results

On a consolidated basis, the company reported total income of ₹2,692.66 lakhs for Q3FY26 against ₹2,849.49 lakhs in Q3FY25. Consolidated net profit attributable to owners stood at ₹194.54 lakhs compared to ₹644.84 lakhs in the previous year quarter.

Regulatory Compliance

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its financial results in newspapers on February 11, 2026. The results were published in Free Press Journal (English) and NavShakti (Marathi), ensuring compliance with regulatory requirements for public disclosure.

Corporate Developments

The Board of Directors approved revisions to the Future Market Networks Limited Employee Stock Option Scheme, 2025, incorporating changes advised by stock exchanges. The revised scheme will be available on the company's website upon receiving in-principle approval from exchanges.

Legal and Regulatory Matters

The company continues to navigate several significant legal proceedings:

• Yes Bank/JC Flower Matter: Demand notice for ₹18,448.96 lakhs with hearings scheduled for February 11, 2026, and February 19, 2026
• Arbitral Award Dispute: ₹12.90 crores award matter with next hearing on February 13, 2026
• Subsidiary Legal Issues: Suhani Mall Management Company facing proceedings related to ₹13,24,196,228.56 loan recovery

Auditor's Review

Statutory auditors Bakliwal & Co., Chartered Accountants, issued limited review reports on both standalone and consolidated results with emphasis on contingent liabilities related to corporate guarantees and asset pledges. The auditors expressed unmodified opinions on the financial statements while drawing attention to ongoing legal matters.

Outlook Considerations

The company maintains its focus on property and related services as its primary business segment. With paid-up equity share capital of ₹6,064.44 lakhs and multiple legal proceedings progressing through various stages, the company's performance will likely depend on resolution of these matters and operational improvements in its core business activities.

Future Market Networks Limited (FMNL) has initiated a postal ballot process to obtain shareholder approval for surrendering its leasehold rights to the Diamond Plaza Mall in Kolkata. The company proposes to surrender the lease rights to the original lessors, M/s Super Diamond Enterprises, for a compensation of at least ₹60.00 crores.

Key Details of the Proposal

Voting Process and Timeline

The company has outlined the following timeline for the e-voting process:

Rationale and Use of Proceeds

FMNL's Board of Directors, in their meeting held on October 15, 2025, approved this proposal based on recommendations from the Audit Committee and a valuation report from Mr. Vishnu Khandelwal, a Registered Valuer. The company states that the surrender of leasehold rights is financially more beneficial than continuing to receive rental income.

The proceeds from this transaction are planned to be utilized as follows:

1. A substantial portion will be used to repay the secured loan availed from Axis Finance Limited.
2. The remaining amount will be allocated for continuing the company's business operations and exploring new growth opportunities.

Shareholder Approval and Regulatory Compliance

The proposal requires approval from shareholders through a special resolution, in compliance with Section 180(1)(a) of the Companies Act, 2013, and Regulation 37A of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Management's Perspective

The Board of Directors believes that surrendering the lease rights of Diamond Plaza Mall is in the best interest of the company and its shareholders. They view this as an opportunity to realize immediate value and reduce the company's borrowings.

Shareholders are encouraged to participate in the e-voting process to cast their votes on this significant corporate action. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period.