Key Quantitative Figures
Financial impact not quantified in the disclosure.
Dates of Action
- Quarter Ended: 30th June 2026
- Digital Signature Date: 2026.09.22 12:32:58 +05'30'
Parties or Entities Involved
- Future Consumer Limited (the Company)
- BSE Limited (Stock Exchange)
- Resolution Professional (supervising company affairs)
- Statutory Auditors (outstanding fees payable)
Purpose or Stated Rationale
The delay in submitting financial results is due to the company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The statutory audit has not been completed primarily because of outstanding professional fees payable to the statutory auditors, which the company cannot settle due to financial constraints and cash-flow restrictions during the CIRP.
Financial or Operational Impact
The company faces financial constraints and cash-flow restrictions during the CIRP period, preventing settlement of outstanding auditor fees and consequently delaying the audit completion.
Steps Being Taken
The Resolution Professional is taking necessary steps to resolve the outstanding audit-related issues and facilitate completion of the statutory audit at the earliest possible opportunity. Upon completion and approval, the financial results will be submitted to the stock exchanges without further delay.