Legal Proceedings Update
This disclosure is in continuation of the company's earlier disclosure dated 17th April, 2026 regarding the case filed against Future Consumer Limited at NCLT Mumbai by Resurgent India Special Situations Fund.
During the recent hearing, both parties' legal counsels addressed the NCLT bench on specific contentions:
- The Company's position that it is not a Non-Banking Financial Company (NBFC)
- Limitations regarding the filing of the company petition
Current Status
After hearing arguments from both parties, the NCLT Mumbai bench has reserved the matter for orders. The company has committed to providing further updates as the matter progresses.
Financial Impact
No financial impact or quantification of potential exposure has been disclosed in this filing.