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Showing 10 of 31 filings.
15 Sept 20261 filing
Filing status & plan
- Pending results will be disclosed for periods from Sep 30, 2020 to Mar 31, 2025.
- Exchange trading suspension to be lifted upon disclosure.
Debt settlement
- One-Time Settlement with lenders: Rs 243.45 crore; paid Jun 23, 2025.
- No Due Certificates obtained from lenders after settlement.
Audit status
- Limited Review by V. S. Somani & Co; qualified due to NPAs finance cost non-recognition.
- Going concern uncertainty noted but statements prepared on going concern basis.
Discontinued operations
- Q3 ended 31 Dec 2024: Discontinued ops P/L after tax Rs 1,276.41 Lakhs.
- Nine months ended 31 Dec 2024: Discontinued ops P/L after tax Rs 2,981.67 Lakhs.
- Nine months ended 31 Dec 2024: Total comprehensive income Rs -3,094.67 Lakhs.
Business segment
- Single segment: Manufacturing of Polyester Products; discontinued since Dec 19, 2012.
8 Sept 20269 filings
Delays & disclosure plan
- Company will disclose pending results for multiple quarters; board approvals in June 2026.
Auditor notes
- Limited Review cites possible understatement of finance costs due to NPAs and no provisions.
- Going concern risk highlighted due to ongoing losses and eroded net worth.
Lender settlement
- March 2025: all lenders accepted Rs 243.45 crore OTS.
- June 23, 2025: entire OTS paid; No Due Certificates issued.
Discontinued operations
- Polyester manufacturing discontinued since 19 December 2012; single reportable segment.
Financial position snapshot
- Equity negative; net worth eroded; Rs 44,307.06 Lakhs negative at Sep 30, 2024.
- Total assets reported at Rs 15,177.90 Lakhs; liabilities elevated.
Filing status & next steps
- Results to be uploaded on futurapolyesters.in; trading suspension expected to be lifted upon disclosure.
Financial results
- Q1 FY2024: net loss Rs 142.08 lakh; basic EPS Rs -5.15; diluted Rs -0.26.
Auditor qualification
- Auditor qualified due to non-recognition of finance costs on borrowings and NPAs.
Debt settlement
- OTS payment of Rs 243.45 crore to consortium lenders on 23 Jun 2025; No Due Certificates.
Business segment
- Single reportable segment: Manufacturing of Polyester Products, discontinued since 2012.
Disclosure plan
- Company to disclose pending quarterly results on the exchange and on futurapolyesters.in.
Delays, going concern risk & status
- Auditors say finance costs may be understated due to NPAs and unrecorded interest.
- Going concern uncertainty due to net worth erosion and debt servicing delays.
- Board approved past quarterly results in June 2026; delay persists.
- Trading suspension to be lifted after disclosure of pending results.
- OTS settlement: Rs 243.45 crores paid to consortium lenders on June 23, 2025.
- Discontinued segment: polyester products since 2012.
- Interest on borrowings at 14.25% p.a.; penal interest not recorded.
- No Due Certificates obtained from lenders post-OTS.
Discontinued operations KPIs
- Profit before tax from discontinued operations: (142.10) Rs Lakhs (Q3 2023).
- Interest income from discontinued operations: 3.12 Rs Lakhs (Q3 2023).
- Finance cost - interest expenses: 139.79 Rs Lakhs (Q3 2023).
Status & next steps
- Results for multiple past periods will be disclosed to the Exchange and the company site.
- Board to oversee the disclosure plan and work to lift trading suspension.
Filing delay & disclosure plan
- Futura Polyesters delays results posting due to staff shortages; will disclose quarters Sep 2020–Mar 2025.
- Board approved several past quarterly results in June 2026.
- Results will be uploaded on the company's website.
- Trading suspension to be lifted after disclosures.
Auditor's qualifications & going concern
- V. S. Somani & Co. notes potential understatement of finance costs due to NPAs.
- Going concern is doubtful due to ongoing losses and eroded net worth.
- Borrowings above 14.25% p.a. not recognised; penal interest not provided.
- Lenders classified borrowings as NPAs; impact on results not determinable.
- Statement prepared on going concern basis.
Regulatory status & CIRP/wind-up
- High Court wind-up order; CIRP withdrawn; company out of CIRP.
- On June 23, 2025, Rs 243.45 crore OTS paid; No Due Certificates obtained.
- Discontinued since 2012; single segment—Manufacturing of Polyester Products.
- Liquidator took possession of books on 20 November 2020.
Financials snapshot & assets
- As at 30.09.2023 unaudited and 31.03.2023 audited; assets and liabilities disclosed.
- Total assets Rs 12,581.09 Lakhs; Total equity Rs -42,167.20 Lakhs.
- Current borrowings Rs 25,040.25 Lakhs; Non-current borrowings Rs 1,604.99 Lakhs.
Delay in results
- Intends to disclose pending quarterly results for Sep 2020 through Mar 2025.
Backlog & governance
- Cites staffing shortages caused backlog; board had approved several past quarterly results in June 2026.
Audit remarks
- Limited Review notes possible understatement of finance costs; NPAs; going-concern uncertainty.
Upcoming disclosures
- Plans to disclose quarterly results from Sep-2020 through Mar-2025; will upload on company website.
Backlog disclosure plan
- Backlog results from Sep 2020 to Mar 2025 to be disclosed.
- Board had reviewed and approved past quarterly results in June 2026.
- Trading suspension to be lifted after disclosure.
Auditor qualification & going concern
- Auditor notes finance costs may be understated due to NPAs.
- Going concern risk due to persistent losses and eroded net worth.
- Borrowings classified as NPAs; penal interest not recognised.
Debt settlement & liquidity
- OTS of Rs 243.45 crores paid to consortium lenders on Jun 23, 2025.
- No Due Certificates obtained from lenders.
Business status & regulatory status
- Single reportable segment: Polyester products; discontinued since Dec 19, 2012.
- Regulatory non-compliance: Regulation 33 LODR for Jun 30, 2026.
Regulatory status & disclosures
- Company to disclose pending quarterly results for multiple periods from Sept 2020 to Mar 2025.
- Non-compliance with Regulation 33 acknowledged; trading suspension to be lifted after disclosures.
- Board approved several past quarters in June 2026; disclosure plan on record.
- Will upload results to company website.
Financial position as at 30 Sep 2022
- Total assets 12,578.06 lakhs as at 30.09.2022 (unaudited).
- Total equity deficit of 41,478.27 lakhs.
- Current borrowings 25,040.25 lakhs; non-current borrowings 1,472.47 lakhs.
- Total liabilities are high; going concern risk noted by auditor.
- Cash and cash equivalents 485.56 lakhs; net cash from operations 276.06 lakhs.
- Discontinued operations: Polyester Products business; discontinued since 2012.
Auditor notes & going concern
- Auditor issued qualified conclusion due to unrecognised finance costs on NPAs; magnitude undeterminable.
- Material uncertainty on continuing as going concern.
- Statement prepared on going concern basis; going concern risk acknowledged.
- Lenders classified borrowings as NPAs; interest/penalties not recognised.
Liquidity & other notable items
- OTS settlement paid on 23-Jun-2025; No Due Certificates received.
- Results include discontinued operations; Sept 2022 period.
- Results to be uploaded on company website.
Filing status
- Plans to disclose pending results for quarters from Sep 30, 2020 to Mar 31, 2025.
- Board approved several past quarterly results in June 2026; backlogs due to staff shortages.
- Trading suspension to be lifted after disclosures; results to be uploaded on the company website.
Auditor remarks
- Auditor cites potential understatement of finance costs due to non-recognition; going concern uncertainty.
- Qualified conclusion reflecting these concerns and possible misstatements.
Debt settlement & regulatory status
- Paid Rs 243.45 crore OTS to consortium lenders on June 23, 2025; No Dues certificates obtained.
- Non-compliance with Regulation 33; pending past results to be disclosed with timely filings.
Business profile
- Single reportable segment: manufacturing of polyester products; discontinued since 2012.
Regulatory update & pending results
- Staff shortages delayed uploading results; board approved past results in June 2026.
- Pending quarterly results for periods through Mar-2025 to be disclosed.
- Results to be uploaded on futurapolyesters.in website.
- Trading suspension to be lifted after compliance progress.
- On June 23, 2025, Rs 243.45 crore OTS payment made; No Due Certificates obtained.
- Auditors issued a qualified conclusion citing under-recognition of finance costs and going concern risk.