Futura Polyesters convened its 62nd AGM on May 29, 2026 to adopt FY23 financials and approve re-appointment of Managing Directors.
Company reported FY23 revenue of ₹9.42 lakh from discontinued operations with net loss of ₹556.15 lakh and negative net worth of ₹41,822.25 lakh.
Secured lenders accepted one-time settlement of ₹243.45 crores in March 2025, with full payment made on June 23, 2025 extinguishing all secured debt.
Trading suspension continued since March 2013 due to non-compliance, while company disposed 170.18 acres of its 211.14-acre Chennai land to repay creditors.