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Future Enterprises Ltd - 523574 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayFuture Enterprises Ltd 2CINL52399MH1987PLC044954 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 4542.96 4Highest Credit Rating during the previous FY BWR-C 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)BRICKWORK RATINGS INDIA PRIVATE LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Deepak Tanna Designation: Company Secretary and Compliance Officer EmailId: deepak.tanna@futuregroup.in Name of the Chief Financial Officer: Bhagchand Baser Designation: Dy. Chief Financial Officer EmailId: Bhagchand.Baser@futuregroup.in Date: 30/04/2022 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
30-04-2022

FRL lenders hold corporate guarantee from defaulter Future Enterprises

The state-owned Bank of India, the leading lender to FRL, has already approached the National Company Law Tribunal (NCLT) for a resolution under the Insolvency and Bankruptcy Code (IBC).
25-04-2022
Bigul

Future Enterprises Ltd - 523574 - Disclosure of Voting results of Court Convened Meeting (Regulation 44(3) of SEBI (LODR) Regulations, 2015)

Future Enterprises Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here
25-04-2022

Future Enterprises defaults on Rs 2,911.51 cr loan repayments

Future Enterprise Ltd (FEL) has defaulted on repayment of Rs 2,911.51 crore of loans to its lenders, missing 30 days of review period. The company was required to pay an aggregate amount of Rs 2,911.51 crore between March 23 and March 31, 2022, to various consortium banks and lenders, a regulatory filing said. The Kishore Biyani-led Future group had a review period of 30 days as per the scheme of One Time Restructuring (OTR) for COVID-hit companies with its consortium of banks. "The Company was unable to discharge the above Obligations to Banks / Lenders under the review period of 30 days, as the Company was not able to complete the monetisation of the specified investments as contemplated in OTR Plan (as defined the said Agreement), on Due Dates," said a regulatory filing from FEL. The filing showed that it defaulted on payments on March 31. FEL's total financial Indebtedness of the listed entity including short-term and long-term debt is Rs 6,778.29 crore, the filing added. Ear
23-04-2022
Bigul

Future Enterprises Ltd - 523574 - Composite Scheme Of Arrangement With Future Group Entities And Reliance Group Entities ('Scheme')

Composite Scheme of Arrangement with Future Group entities and Reliance Group entities ('Scheme')
23-04-2022
Bigul

Future Enterprises Ltd - 523574 - Updates On Payment Of Obligations Under One Time Resolution Plan (OTR Plan)

Updates on payment of obligations under One Time Resolution Plan (OTR Plan)
22-04-2022
Bigul

Future Enterprises Ltd - 523574 - Voting Results Of Meeting Of Unsecured Creditors

Voting results of Meeting of Unsecured Creditors
22-04-2022
Bigul

Future Enterprises Ltd - 523574 - Voting Results Of Meeting Of Secured Creditors

Voting results of Meeting of Secured Creditors
22-04-2022
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