Futuristic Solutions Limited has submitted its mandatory disclosure of related party transactions for the half year ended September 30, 2020, to BSE Limited in compliance with Regulation 23(9) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Related Party Structure

The company's related party framework encompasses key managerial personnel and associated entities. The key management includes Mr. Mandeep Sandhu as Managing Director, Mrs. Sangeeta Sandhu, and Mr. Umesh Kumar Gupta as Chief Finance Officer.

Transaction Details for H1 FY21

The company reported various related party transactions during the six-month period from April 1, 2020, to September 30, 2020.

Significant Land Deal Arrangement

A notable transaction involves a complex land deal arrangement with Diana Euro Chem Private Limited. The company initially provided an advance of ₹299.09 lakh for purchasing a claim backed by land in Dehradun. Due to technical issues, both parties mutually agreed to sell the land to a third party, resulting in the company receiving ₹320.00 lakh from Diana Euro Chem.

Outstanding Balances

As of September 30, 2020, several balances remained outstanding with related parties:

Regulatory Compliance

The company confirmed that all disclosed related party transactions have been properly communicated to shareholders through multiple channels, including the Annual Report for FY 2020-21, previous regulatory filings, and ratification at the Extraordinary General Meeting held on August 31, 2016, in accordance with SEBI regulations.

Futuristic solutions Limited has announced the appointment of Mr. Navneet Singh as Chief Financial Officer and Key Managerial Personnel, effective January 9, 2026. The appointment was approved by the Board of Directors during their meeting held on January 9, 2026, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Details

The Board of Directors convened their meeting on January 9, 2026, which commenced at 5:30 PM and concluded at 6:00 PM. The primary agenda item was the appointment of the new Chief Financial Officer, which was processed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Particulars

The key details of Mr. Navneet Singh's appointment are outlined below:

Professional Background

Mr. Navneet Singh brings relevant experience to his new role at Futuristic Solutions Limited. He is a graduate from Delhi University and has served as Managing Director of a tourism resort located within a Wildlife Tiger Sanctuary. In this capacity, he gained experience in:

• Accounting and financial management
• Financial planning and analysis
• Operational management

Additionally, Mr. Singh currently serves as a Director of Amit Buildtech Private Limited, further demonstrating his corporate governance experience.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the guidelines outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated January 9, 2025. The company has fulfilled all disclosure requirements as mandated by the regulatory framework for key managerial personnel appointments.