NSEUpdates4d ago · 5 Nov 2026, 11:57 am
Updates
Future Consumer Limited · FCONSUMER
✦ AI SummaryInsolvency
Future Consumer Limited has informed the Exchange regarding non-submission of Shareholding pattern for quarter ended 30th September 2026 due to non-availability of BENPOS data from NSDL and CDSL, citing commencement of CIRP and blockage of access since 1st April 2025.
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Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact2/10
Market Sentiment3/10
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Future Consumer Limited has informed the Exchange regarding 'Non submission of Shareholding pattern for quarter ended 30th September 2026'.
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5th November, 2026
To, To,
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Mumbai-400 001 Bandra Kurla Complex,
Scrip Code: 533400 Bandra (East), Mumbai-400 051
Scrip Code : FCONSUMER
Dear Sir/Madam,
Sub.: Non submission of the Shareholding Pattern for the Quarter ended September 30th,
2026
Dear Sir/Madam,
We refer to your communication regarding the non-submission of the Shareholding Pattern of
Future Consumer Limited (“Company”) for the quarter ended 30th September 2026 under
Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“LODR Regulations”).
At the outset, please note that the Hon’ble National Company Law Tribunal, Mumbai Bench-
VI (“Hon’ble NCLT”), vide its order dated 8th July 2026 passed in C.P. (IB) No. 914/MB/2025,
admitted the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016
(“Code”) against the Company and ordered commencement of the CIRP. The Hon’ble NCLT,
inter alia, declared a moratorium under Section 14 of the Code and appointed Aegis Resolution
Services Private Limited, having Registration No. IBBI/IPE-0118/IPA-1/2022-23/50041, as the
Interim Resolution Professional (“IRP”). The order further records that, during the CIRP period,
the management of the Corporate Debtor shall vest in the IRP or, as the case may be, the
Resolution Professional (“RP”) in terms of the Code.
Accordingly, with effect from 8th July 2026, the management and affairs of the Company came
to be conducted within the statutory framework of the Code and under the control and
supervision of the IRP and, thereafter, the RP, in accordance with the provisions of the Code.
Pursuant to commencement of the CIRP, the Committee of Creditors (“CoC”) was constituted
and the first meeting of the CoC was held on 6th August 2026. At the said meeting, the CoC
considered and approved the appointment of Aegis Resolution Services Private Limited, through
its authorised signatory, Mr. Avil Menezes, as the Resolution Professional of the Company. The
said appointment was approved with 98.06% of the voting share of the CoC.
Against the aforesaid factual and statutory background, with respect to the non-submission
referred to in your mail communication, we wish to place on record that the Company has been
unable to obtain the BENPOS data from both National Securities Depository Limited (“NSDL”)
and Central Depository Services (India) Limited (“CDSL”) since 1st April 2025. The access to
the BENPOS data from both the depositories has remained blocked on account of outstanding
payments payable to the respective depositories.
The aforesaid issue has continued to subsist and, consequently, the Company has been unable
to obtain the requisite BENPOS data necessary for the preparation, reconciliation and
submission of its Shareholding Pattern. The continued non-availability of the BENPOS data
constitutes a substantive and continuing impediment to the Company’s ability to prepare and
submit the Shareholding Pattern in the prescribed manner.The access to BENPOS from both
NSDL and CDSL has remained blocked since 1st April 2025.
In the absence of access to the BENPOS data maintained by NSDL and CDSL, the Company is
not in a position to obtain, verify and reconcile the underlying shareholding data and,
consequently, is unable to complete the Shareholding Pattern for submission to the stock
exchanges. In the circumstances, the requisite filing cannot be completed in a meaningful and
compliant manner in the absence of the underlying BENPOS data necessary for preparation of
such filing.
The aforesaid impediment can be resolved only upon resolution of the outstanding payments
payable to NSDL and CDSL and consequent restoration of access to the BENPOS data. Until
such access is restored, the Company is unable to obtain the requisite underlying data and
complete the Shareholding Pattern filing.
In the circumstances, the non-submission of the Shareholding Pattern for the quarter ended 30th
September, 2026 is not on account of any wilful, deliberate or contumacious omission on the
part of the Company or the RP. The Company, under the supervision of the RP, is presently
constrained by the continuing non-availability of the underlying BENPOS data, which is
indispensable for preparation and submission of the requisite filing.
In view of the foregoing facts and circumstances, we respectfully request the Exchange to take
the aforesaid position on record and duly consider the circumstances which have prevented the
Company from completing the filing of the Shareholding Pattern for the quarter ended 30th
September , 2026.
We further request the Exchange to kindly keep in abeyance any levy of fine and/or further
action in relation to the aforesaid non-compliance, pending resolution of the outstanding
payments with NSDL and CDSL, restoration of access to the BENPOS data and completion of
the requisite filing by the Company. The Company, acting through the RP, shall take all
necessary steps to complete and submit the Shareholding Pattern to the Exchange forthwith upon
restoration of access to the requisite BENPOS data and availability of the necessary information
from NSDL and CDSL.
We trust that, having regard to the aforesaid circumstances, including the commencement of the
CIRP, the consequential vesting of management and affairs of the Company in the IRP/RP and,
in particular, the pre-existing blockage of BENPOS access from both NSDL and CDSL since
1st April 2025, the Exchange shall take the aforesaid circumstances into due consideration while
dealing with the present non-submission.
We request you to kindly take the above on record and confirm the same.
Thanking you,
For Future Consumer Limited
Megha Banthia
Company Secretary & Compliance Officer