Future Enterprises Limited - Defaults on Payment of Interest/Principal ...................................................................

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Future Enterprises Limited - Defaults on Payment of Interest/Principal

Future Enterprises Limited - Defaults on Payment of Interest/Principal

Future Enterprises Limited published this content on 04 Jan 2023 and is solely responsible for the information
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4 January 2023
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Defaults on Payment of Interest/Principal

January 4, 2023
To, Listing Department
Corporate Relationship Department (CRD)

BSE Limited, National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra - Kurla Complex,
Dalal Street, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 523574 / 570002 Scrip Symbol: FEL / FELDVR
BSE Scrip Code of Debt: 958501, 958502
ISIN: INE623B07941, INE623B07958
Dear Sir / Madam,

Sub.: Intimation under Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 [SEBI (LODR)] - Default in Payment of Interest due on Non-Convertible Debentures
(NCDs)

The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures
was due on January 3, 2023.

S. No. Type of disclosure Details

1. Name of the Listed entity
Future Enterprises Limited
2. Date of making the disclosure January 4, 2023
3. Nature of obligation / Type of instrument Rated, Listed, Secured,
Redeemable, Non-
(Listed debt securities, MTNs, FCCBs etc. with Convertible Debentures
ISIN as applicable) Series XXV - A and XXV - B

ISIN: INE623B07941,
INE623B07958
4. Number of investors in the security as on 1 in both Series i.e. XXV
- A and XXV - B
date of default
5. Date of default January 3, 2023
6. Details of the obligation (tenure, coupon, Tenure: Interest
obligation shall commence from
secured/unsecured, etc.) the Deemed Date of
Allotment i.e., January 3,
2019 and end on the day
falling at the expiry of
March 31, 2023 for series
XXV - A and
December 31, 2026 for
series XXV - B.
Coupon Rate: 10.50% p.a.
for Series XXV - A
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 and 10.60% p.a. for Series
XXV - B.
Coupon Payment Frequency:
Yearly basis in
December, each year.
Security: Debentures are
secured

Future Enterprises Limited

Regd. Off.: Knowledge House, Shyam Nagar, Off Jogeshwari ‐ Vikhroli Link Road, Jogeshwari (East),
Mumbai ‐ 400 060

P +91 22 4055 2200,

www.felindia.in

CIN L52399MH1987PLC044954

S. No. Type of disclosure

Details

7. Current default amount (Amount in Rs.)

Interest due: Rs. 79,00,00,000/-
(Please provide the breakup of instalment and
[Period for which Interest was due: 03/01/2022 -
interest)
02/01/2023 - 365 Days]
8. Total amount of securities issued (in Rs. crore)
Rs. 750 Crore

(Rs. 500/- crore for Series XXV - A and Rs. 250/-

crore for Series XXV - B)

9. Gross Principal amount on which the default
Rs. 750 Crore
above has occurred (in Rs. crore):
(Rs. 500/- crore for Series XXV - A and Rs. 250/-

crore for Series XXV - B)

Thanking you,
Yours faithfully
for
Future Enterprises Limited
Vijay

Biyani

Digitally signed by Vijay Biyani Date: 2023.01.04 15:23:20 +05'30'

Vijay Biyani

Chairman and Managing Director

DIN: 00005827

* Centbank Financial Services Limited - Debenture Trustee Central Bank of India - MMO Building, 3rd Floor
(East Wing), 55, M.G. Road, Fort, Mumbai - 400 001

Future Enterprises Limited

Regd. Off.: Knowledge House, Shyam Nagar, Off Jogeshwari ‐ Vikhroli Link Road, Jogeshwari (East),
Mumbai ‐ 400 060

P +91 22 4055 2200,

www.felindia.in

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CIN L52399MH1987PLC044954

* Original Link

Disclaimer

Future Enterprises Limited published this content on 04 January 2023 and is solely responsible for the
information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 10:44:08
UTC.

Document LCDVP00020230104ej14009t7

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Timestamp 9 January 2023 13:05

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