Future Supply Chain Solutions Limited (FSC) announced that its equity shares will be delisted from all stock exchanges and cancelled on and from the Effective Date, as per the approved Resolution Plan by Reliance Retail Ventures Limited. This delisting is a consequence of the National Company Law Tribunal (NCLT) approving the resolution plan on October 13, 2025. The existing shareholders will not receive any payment as their shares will be entirely cancelled and extinguished without any consideration. Reliance Retail Ventures Limited will acquire 100% of the shareholding in FSC. The net-worth of FSC prior to the commencement of Corporate Insolvency Resolution Process (CIRP) on January 5, 2023, was ₹(1,403,180,020.00). As of March 31, 2024, post-CIRP, the net-worth was ₹(2,935,706,780.16). The company is being acquired as a going concern, and its assets will be retained as per the resolution plan. Upon implementation of the resolution plan and payment of the Total Resolution Amount, creditors' debts and associated securities will be satisfied and released. Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited, plans to stabilize and scale FSC's operations by leveraging its logistics sector experience and capabilities, aiming for improved operational, financial, and commercial performance. The delisting will be effective from the date specified in the Resolution Plan, without requiring further consent from shareholders or creditors, as the NCLT order serves as the requisite statutory approval.
