Latest news about Future Market Networks
Future Market Networks
10.58
-0.32(-2.94%)
Company Performance:
View Company Insights1D-2.94%
1M+10.21%
6M+5.38%
1Y-23.94%
5Y-33.46%
More news about Future Market Networks
11Feb 26
Future Market Networks Completes Regulatory Publication of Q3FY26 Results
Future Market Networks Limited completed regulatory compliance by publishing Q3FY26 financial results in newspapers, showing mixed performance with standalone net profit of ₹220.63 lakhs and consolidated net profit of ₹194.54 lakhs for the quarter ended December 31, 2025, while managing ongoing legal proceedings.
18Oct 25
Future Market Networks Seeks Shareholder Approval for ₹60 Crore Diamond Plaza Mall Lease Surrender
Future Market Networks Limited (FMNL) is seeking shareholder approval via postal ballot to surrender its leasehold rights of Diamond Plaza Mall in Kolkata to M/s Super Diamond Enterprises for a minimum compensation of ₹60 crores. The e-voting process will run from October 19 to November 17, 2025. The company plans to use the proceeds to repay a secured loan from Axis Finance Limited and fund business operations. The Board views this as an opportunity to realize immediate value and reduce borrowings.
15Oct 25
Future Market Networks to Surrender Diamond Plaza Mall for ₹60 Crore
Future Market Networks Limited (FMNL) has approved the surrender of leasehold rights for Diamond Plaza Mall in Kolkata to M/s Super Diamond Enterprises for a minimum consideration of ₹60 crore. The mall contributed 45.19% of FMNL's total turnover last year. The transaction requires shareholder approval via special resolution and is expected to complete before March 31, 2026. This move represents a significant shift in FMNL's asset portfolio and will impact its revenue stream.
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.
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.
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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