Future Consumer Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting
25-07-2025 | 12:49 pm
25-07-2025 | 12:49 pm
Future Consumer Ltd. has announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. The group reported a pre-tax loss of ₹18.70 Cr and a net capital deficiency of ₹316.99 Cr. Auditors highlighted significant liquidity issues, loan defaults, and credit rating downgrades, casting substantial doubt on the company's ability to continue operations. Additionally, the joint venture with Fonterra Future Dairy has been terminated, and RBL Bank assigned company debt worth ₹600.28 Cr to Prudent ARC. Strategic asset monetization and fresh investment are crucial for future stability.
No comments yet. Be the first to comment!
