Future Consumer Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

2.The name of the Company has been changed from Future Consumer Enterprise Limited to Future Consumer Limited w.e.f. October 13, 2016 does not suggest a new line of business. Hence additional information required in terms of regulation 33 (1)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to change in name of a Company is not required to be given.

3. The name of the Company has been changed from Future Consumer Enterprise Limited to Future Consumer Limited w.e.f. October 13, 2016 does not suggest a new line of business. Hence additional information required in terms of regulation 33 (1)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to change in name of a Company is not required to be given.

4.The Company is engaged in the business of Branding, Manufacturing, Processing, Selling and Distribution of “Consumer Products” which constitutes a single reporting segment. Hence there is no separate reportable segment as per Indian Accounting Standard - 108 'Operating Segments'.

5. During the quarter, the Company has made additional investment in Integrated Food Park Private Limited, Bloom Fruit and Beverages Private Limited and Aussee Oats Milling (Private) Limited.

6.During the quarter, the Company has allotted 6,68,64,981 equity shares to International Finance Corporation, consequent to conversion of Compulsorily Convertible Debentures and coupon thereon, at a conversion price of Rs. 22.73 per share.

7.Disclosures under regulation 52(4) and 54(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of Non-Convertible Debentures are as follows :

(Refer financial Results Submitted)

8.The Listed Secured Non-Convertible Debentures of the Company aggregating to Rs. 250 crores as on March 31, 2018 are secured by way of exclusive charge on specific fixed assets of the Company and / or its subsidiaries and unconditional and irrevocable guarantee of Mr Kishore Biyani, Director of the Company, for principal and its interest thereon. The asset cover in respect of Non-Convertible Debentures of the Company as on March 31, 2018 exceeds 100% of the principal amount of the said listed Non-Convertible Debentures.

9.Formula for computation of ratios are as follows :

(a) Paid up Debt Capital = (Long term borrowings + Current maturities of Long term borrowings).

(b) Debt Equity Ratio = (Long term borrowings + Current maturities of Long term borrowings) / ( Equity).

(c) Debt Service Coverage Ratio = (Profit from ordinary activities before tax + Interest on long-term borrowings) / ( Interest on long-tem borrowings + Repayment of long-term borrowings during the period).

(d) Interest Service Coverage Ratio = (Profit from ordinary activities before tax + Interest on long-term borrowings) / lnterest on long-term borrowings.

For the purpose of calculation, loans having original maturity of more than 365 days are considered as long-term borrowings.

10.For the quarter and year ended March 31, 2018 :

a) Other income’ includes fair value gain of Rs. 728.20 Lakhs on change in classification of an investment in debentures from non-current to current.

b) Other expenses’ includes Impairment loss of Rs. 880.00Lakhs on investments in subsidiaries & associates

11.The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 22, 2018.

12.The financial results will be available on the Company's website - www.futureconsumer.in, and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).
2.The name of the Company has been changed from Future Consumer Enterprise Limited to Future Consumer Limited w.e.f. October 13, 2016 does not suggest a new line of business. Hence additional information required in terms of regulation 33 (1)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to change in name of a Company is not required to be given.

3. The name of the Company has been changed from Future Consumer Enterprise Limited to Future Consumer Limited w.e.f. October 13, 2016 does not suggest a new line of business. Hence additional information required in terms of regulation 33 (1)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to change in name of a Company is not required to be given.

4.The Company is engaged in the business of Branding, Manufacturing, Processing, Selling and Distribution of “Consumer Products” which constitutes a single reporting segment. Hence there is no separate reportable segment as per Indian Accounting Standard - 108 'Operating Segments'.

5. During the quarter, the Company has made additional investment in Integrated Food Park Private Limited, Bloom Fruit and Beverages Private Limited and Aussee Oats Milling (Private) Limited.

6.During the quarter, the Company has allotted 6,68,64,981 equity shares to International Finance Corporation, consequent to conversion of Compulsorily Convertible Debentures and coupon thereon, at a conversion price of Rs. 22.73 per share.

7.Disclosures under regulation 52(4) and 54(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of Non-Convertible Debentures are as follows :

(Refer financial Results Submitted)

8.The Listed Secured Non-Convertible Debentures of the Company aggregating to Rs. 250 crores as on March 31, 2018 are secured by way of exclusive charge on specific fixed assets of the Company and / or its subsidiaries and unconditional and irrevocable guarantee of Mr Kishore Biyani, Director of the Company, for principal and its interest thereon. The asset cover in respect of Non-Convertible Debentures of the Company as on March 31, 2018 exceeds 100% of the principal amount of the said listed Non-Convertible Debentures.

9.Formula for computation of ratios are as follows :

(a) Paid up Debt Capital = (Long term borrowings + Current maturities of Long term borrowings).

(b) Debt Equity Ratio = (Long term borrowings + Current maturities of Long term borrowings) / ( Equity).

(c) Debt Service Coverage Ratio = (Profit from ordinary activities before tax + Interest on long-term borrowings) / ( Interest on long-tem borrowings + Repayment of long-term borrowings during the period).

(d) Interest Service Coverage Ratio = (Profit from ordinary activities before tax + Interest on long-term borrowings) / lnterest on long-term borrowings.

For the purpose of calculation, loans having original maturity of more than 365 days are considered as long-term borrowings.

10.For the quarter and year ended March 31, 2018 :

a) Other income’ includes fair value gain of Rs. 728.20 Lakhs on change in classification of an investment in debentures from non-current to current.

b) Other expenses’ includes Impairment loss of Rs. 880.00Lakhs on investments in subsidiaries & associates

11.The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 22, 2018.

12.The financial results will be available on the Company's website - www.futureconsumer.in, and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).