Future Market Networks Ltd

Regulatory update

• Pursuant to Regulation 47 of LODR, FMNL published newspaper cuttings of the quarter ended June 30, 2026 results.

Key disclosures

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved with Limited Review Report.
• 18th AGM to be held on Sept 28, 2026 via VC/OAVM.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved; Limited Review Report attached.

AGM scheduled

• 18th Annual General Meeting scheduled for 28 September 2026 via VC/OAVM.

Capital actions

• Converted 31,18,574 warrants into equity on June 13, 2026.
• Warrants issued to Jurox Enterprises Private Limited and Surplus Finvest forfeited.
• NCLT Mumbai Bench IV approved withdrawal of the Scheme with Metawear Limited on June 18, 2026.
• Group operates in a single segment: Property and Related Services.
• Previous period figures re-arranged/reclassified as applicable.

Regulatory and legal disclosures

• Contingent liabilities disclosed relating to demand notices on corporate guarantees and assets pledged.
• Yes Bank demand of INR 18,448.96 lakhs; debt assigned to JC Flower; physical possession notice withdrawn.
• DRT Delhi matters with Basuti/FRL; next hearing Aug 18, 2026.
• FRL IA 3861/2023 dismissed; FRL liquidation ongoing; next date Aug 18, 2026.

Auditor remarks

• Emphasis of Matter on contingent liabilities noted; independent reviews conclude no material misstatement.

Financial results

• Approved unaudited standalone and consolidated results for quarter ended June 30, 2026, for year ending March 31, 2027.
• Limited Review Report approved along with the results.

AGM and governance

• 18th AGM scheduled Sept 28, 2026 at 2:30 PM via VC/AVM.

Director appointment

• Afil Biyani appointed Whole-Time Director; effective August 13, 2026.

Regulatory and litigation disclosures

• Notes disclose contingent liabilities from Yes Bank debt and pledged assets; SARFAESI/DRT matters noted.
• Yes Bank debt substituted to JC Flower; physical possession notice withdrawn.
• NCLT approved withdrawal of Metawear Scheme; June 18, 2026.

Capital movements

• Converted 31,18,574 warrants to equity on June 13, 2026.
• Warrants lapsed: 1,99,00,000 to Jurox Enterprises; 33,81,426 to Surplus Finvest.

Segment information

• Group operates a single segment: Property and Related Services.

Auditor remarks

• Independent Auditor's Review notes emphasis of matter on contingent liabilities; opinion not modified.

Meeting Details

• Date: August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed for designated persons from July 1, 2026 until 48 hours after results announcement.

Dematerialisation status

• Securities received for dematerialisation during the quarter were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.

Overview

• Withdrawal of a Scheme of amalgamation between a transferor and transferee company and related parties.

Rationale

• No business rationale disclosed; withdrawal approved by respective boards.

Key Terms

• Nature: withdrawal of amalgamation scheme.
• NCLT order dated 18 June 2026; disposed as withdrawn.
• Board resolutions to withdraw dated 15 May and 19 May 2026.
• No further regulatory or shareholder approvals indicated.

Financial Impact

• No share exchange, consideration, or capital changes.
• No impact on financial statements disclosed.

Stakeholders

• Effect on stakeholders described as withdrawal of consolidation.
• Operations, listing status, or corporate structure unaffected pending withdrawal.

Status & Next Steps

• Status: NCLT order disposed of the application as withdrawn.
• Next steps: no further action on the scheme.