Futuristic Solutions Limited , a non-banking financial company, has announced the appointment of two new directors to its board. The company received consent forms from Abhishek Kaushal and Akriti Kaur Malhotra to serve as directors, effective September 3, 2025.

New Appointees' Backgrounds

Abhishek Kaushal

• Entrepreneur with Director Identification Number (DIN) 07350014
• Appointed as an independent director
• Currently holds one directorship in Radiate Healthcare Innovations Private Limited

Akriti Kaur Malhotra

• Teacher with DIN 11276786
• Appointed as an independent director
• Does not hold any other directorships at present

Compliance and Eligibility

Both appointees have declared that they:

• Have not been convicted of any corporate-related offenses in the past five years
• Are not disqualified from serving as directors under the Companies Act, 2013

Board Composition

With these appointments, Futuristic Solutions Limited's board now comprises:

• Total of six directors
• Five non-executive directors
• Three independent directors

This composition aligns with regulatory requirements for board structure and independence.

Company Overview

Futuristic Solutions Limited is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India. The company's primary activities include:

• Recovery of disputed debts
• Granting personal and business loans
• Purchasing loan portfolios from other NBFCs

These new appointments are expected to bring fresh perspectives and expertise to Futuristic Solutions Limited's board, potentially contributing to the company's strategic direction and governance.

Futuristic Solutions Limited , a financing company, has reported its unaudited financial results for the first quarter of fiscal year 2026, showing a reduction in net loss despite flat revenue.

Financial Performance

The company's total income for Q1 FY2026 remained unchanged at ₹0.09 lakhs compared to the same quarter last year. However, Futuristic Solutions managed to narrow its net loss to ₹4.31 lakhs from ₹4.83 lakhs in Q1 FY2025, representing a 10.8% improvement.

The company's earnings per share (EPS) also showed improvement, moving from -₹0.07 in Q1 FY2025 to -₹0.01 in the current quarter.

Balance Sheet Highlights

As of June 30, 2025, Futuristic Solutions Limited maintained a paid-up share capital of ₹1,047.34 lakhs, unchanged from the previous year. The company reported other equity of ₹479.18 lakhs as of March 31, 2025.

Business Segment

Futuristic Solutions Limited primarily operates in the financing business. The company has not reported any separate reportable segments as per Ind AS 108 dealing with Operating Segments.

Corporate Governance

The unaudited financial results for the quarter ended June 30, 2025, were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 11, 2025. A limited review of the results was carried out by the statutory auditors of the company.

Investor Relations

The company reported that no investor complaints were pending at the beginning of the quarter, and no complaints were received during the quarter or pending for disposal at the end of the quarter.

Futuristic Solutions Limited continues to navigate the challenging financial landscape, focusing on reducing losses while maintaining its revenue. The company's efforts to improve its bottom line are evident in the narrowed net loss for Q1 FY2026, despite the flat revenue performance.