Future Market Networks
8.71
-0.27(-3.01%)
Market Cap₹52.82 Cr
PE Ratio-2.31
Company Performance:
1D-3.01%
1M+20.14%
6M-24.19%
1Y-41.39%
5Y-40.14%
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More news about Future Market Networks
22Sept 25
Future Market Networks' Arbitration Challenge Dismissed by Calcutta High Court
Future Market Networks Limited (FMNL) faced a setback as the Calcutta High Court dismissed its application challenging a 2016 arbitration award. The dispute with Laxmipat Surana stemmed from a licensing agreement termination. The court upheld the arbitrator's decision, which included awards for license fees during a 5-year lock-in period, loss of interest on security deposit, additional license fees, and utility charges. FMNL's objections were found to be without merit, with the court stating that the arbitrator correctly interpreted the contract terms. The company intends to appeal the decision.
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30Jul 25
Future Market Networks Discharged from INR 14,000 Lakh Corporate Mortgage Obligation
Future Market Networks Limited (FMNL) has been fully discharged from its corporate mortgage obligation related to a INR 14,000 lakh term loan. The loan, originally taken by Hare Krishna Operating Lease Private Limited from Hero FinCorp Private Limited, was secured by R Mall in Mulund West, Mumbai. Hero FinCorp acquired and sold the mortgaged property under SARFAESI Act, resulting in FMNL's complete discharge from all related obligations. The company confirmed no further amounts are payable, potentially improving its financial position.
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30Jul 25
Future Market Networks Freed from INR 14,000 Lakh Corporate Mortgage Obligation
Future Market Networks Limited (FMNL) has been fully discharged from a corporate mortgage obligation related to a INR 14,000 lakh term loan availed by Hare Krishna Operating Lease Private Limited. The loan was secured against the R Mall property in Mulund West, which was acquired and sold by Hero FinCorp under SARFAESI Act provisions. FMNL has no further payable amounts, as confirmed in writing by Hero FinCorp. The company has informed NSE and BSE about this development in compliance with SEBI regulations.
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Future Market Networks
8.71
-0.27
(-3.01%)
1 Year Returns:-41.39%
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