Future Consumer Limited has informed stock exchanges about the latest developments in the National Company Law Tribunal (NCLT) case filed against it by State Bank of India (SBI). The update, disclosed under Regulation 30 of SEBI Listing Regulations on February 16, 2026, provides details on the recent hearing proceedings.

NCLT Hearing Proceedings

The company's legal representation was handled by Counsel Shyam Kapadia, who appeared before the NCLT Mumbai on behalf of Future Consumer Limited. During the hearing, the counsel confirmed that the company has successfully filed its reply to the Company Petition as required by the tribunal.

Case Status and Next Steps

The proceedings have been adjourned following a request from SBI's counsel for additional time to file a rejoinder to Future Consumer Limited's reply. The tribunal has scheduled the next hearing for March 24, 2026, allowing the financial creditor sufficient time to prepare and submit their response.

Future Consumer Limited has committed to providing regular updates on the matter as proceedings continue. This disclosure follows the company's earlier communication dated January 8, 2026, which initially informed stakeholders about SBI's case filing at NCLT Mumbai.

Regulatory Compliance

The update was communicated to both BSE Limited (Scrip Code: 533400) and National Stock Exchange of India Limited (Scrip Code: FCONSUMER) in compliance with Regulation 30 of SEBI Listing Regulations. The disclosure was signed by Managing Director Samson Samuel (DIN: 07523995) and filed on February 16, 2026.

Future Consumer Limited has informed stock exchanges about receiving a notice from the Serious Fraud Investigation Office (SFIO) in connection with an ongoing investigation into Future Retail Limited and other associated companies. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investigation Details

The company received the SFIO letter dated 2nd February, 2026, which was accessed through email. According to the notice, the Ministry of Corporate Affairs, Government of India, New Delhi, exercised powers under Section 212(1)(c) of the Companies Act, 2013, to order the investigation.

Company Response

Future Consumer Limited confirmed that the investigating officer has sought specific information and records from the company. The management stated they are currently in the process of providing the requested documentation to the SFIO office. Additionally, the company has formally requested additional time from the investigating authorities to compile and submit the required information.

Regulatory Compliance

The disclosure was made to both major stock exchanges where the company's shares are listed. Future Consumer Limited's shares trade on BSE under scrip code 533400 and on NSE under the symbol FCONSUMER. The company's registered office is located at Knowledge House, Shyam Nagar, Off JVLR, Jogeshwari (East), Mumbai.

Corporate Structure

The notice identifies Future Retail Limited and other entities as "companies under investigation" (CUIs), indicating the scope of the SFIO probe extends beyond a single entity. Future Consumer Limited's involvement appears to be related to its connection with the primary investigation targets, though the specific nature of the relationship requiring information disclosure was not detailed in the regulatory filing.

The disclosure was signed by Managing Director Samson Samuel and filed with stock exchanges on 9th February, 2026, ensuring compliance with mandatory disclosure requirements under securities regulations.