Future Consumer Limited has notified BSE and NSE about its failure to submit the Annual Report for the financial year 2024-25, citing severe liquidity constraints that have crippled its operational capabilities. The company's disclosure on January 22, 2026, reveals the depth of financial distress affecting the Future Group entity.

Regulatory Extension and Compliance Challenges

The Registrar of Companies, Mumbai, had previously granted Future Consumer a three-month extension on December 2, 2025, allowing the company to hold its 29th Annual General Meeting by December 31, 2025, instead of the original deadline of September 30, 2025. Despite this extension, the company has been unable to meet its regulatory obligations.

Financial Distress and Operational Impact

The company's communication reveals the extensive nature of its financial difficulties. As part of the Future Group, which has been experiencing challenging times, Future Consumer is struggling with liquidity issues that have severely impacted its business operations. The financial constraints have made it extremely difficult for the company to meet day-to-day expenses and fund statutory and regulatory payments.

The liquidity crisis has resulted in non-payment of critical fees and charges to multiple stakeholders:

• Stock exchanges (BSE and NSE)
• Depositories (NSDL and CDSL)
• Registrar and Share Transfer Agents
• Other essential service providers

Shareholder Data Complications

A critical obstacle preventing the AGM has been the company's inability to finalize its shareholders list. Future Consumer cannot access the List of Beneficial Owners Report (BENPOS data) from depositories due to unpaid annual custodian fees to NSDL and CDSL. This data is essential for determining eligible members to attend the Annual General Meeting.

Asset Monetization and Banking Discussions

Future Consumer has been actively pursuing multiple avenues to address its financial crisis. The company is engaged in ongoing discussions with bankers regarding fund requirements while simultaneously working to generate funds through asset monetization. However, these efforts have not yet yielded positive results.

The company's requests to bankers have been unsuccessful to date, while asset monetization efforts are progressing slowly due to extensive due diligence and negotiations with potential purchasers. These delays have further complicated the company's ability to meet its regulatory obligations and restore normal operations.

Regulatory Communication

The company has formally notified both major stock exchanges about its situation. The communication to BSE (Scrip Code: 533400) and NSE (Scrip Code: FCONSUMER) was signed by Managing Director Samson Samuel (DIN: 07523995) and includes the ROC extension order as supporting documentation.

Future Consumer Limited has disclosed to stock exchanges that State Bank of India (SBI) has filed a case against the company at the National Company Law Tribunal (NCLT) Mumbai. The development was communicated through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

NCLT Proceedings Update

During the tribunal proceedings, counsel for SBI appeared when the matter was called out. The bench specifically asked SBI's counsel about the date of default in the case. However, this crucial information was not clearly mentioned in Form 1, and there was no banker's evidence certificate provided to support the petition.

Tribunal's Decision

Considering the incomplete documentation, the bench has allowed the creditor to amend the petition within two weeks from the hearing date. The matter has been re-listed for a future date, providing SBI an opportunity to rectify the deficiencies in their filing.

Importantly, no notice has been issued at this stage of the proceedings, indicating that the case is still in its preliminary phase. The company has indicated that it will make appropriate representations in the matter when required.

Regulatory Compliance

Future Consumer Limited has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this development. The company's shares trade under scrip code 533400 on BSE and FCONSUMER on NSE. This disclosure ensures compliance with the provisions of Regulation 30 of SEBI Listing Regulations, which mandate timely disclosure of material events that could impact investor decisions.