Future Lifestyle Fashions Ltd. News and Updates

Keep track of all breaking news on Future Lifestyle Fashions Ltd. from all sources in a single place.

28 Sep 2024

1.36

-4.23%

Future Lifestyle lenders approve bid from Space Mantra & Guptas' consortium

Business Standard

The lenders of Future Lifestyle Fashions Ltd, going through insolvency resolution, have approved the bid from a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta. The Committee of Creditors (CoC) of Future Lifestyle Fashions Ltd (FLFL) has voted in favour of the resolution plan submitted by the consortium, according to a regulatory filing from the company. "We hereby inform and place on record that the resolution plan submitted by consortium of Space Mantra Pvt Ltd and Sandeep Gupta & Shalini Gupta is approved by the Committee of Creditors of FLFL on September 27, 2024," it said. The company has not shared the details of the plan approved by the lenders. It also informed that the Corporate Insolvency Resolution Process (CIRP) period for FLFL ended on August 26, 2024. The Resolution Professional (RP) of the company filed an application before the National Company Law Tribunal on August 24, 2024, seeking extension of the CIRP period. The CIRP proceedings of FLFL is...

Future Lifestyle Fashions Ltd. has lost -35.24% in the last 6 Months

Future Lifestyle Fashions Ltd.

19 Nov 2023, 06:45PM

1.36

-4.23%

Future Lifestyle Fashions gets two resolution plans

Business Line

The company went into bankruptcy in May this year and subsequently, expressions of interest were invited from interested parties for its resolution under the Insolvency and Bankruptcy Code

Future Lifestyle Fashions Ltd. is trading below all available SMAs

Future Lifestyle Fashions Ltd.

02 Jun 2023

1.36

-4.23%

Future Lifestyle bankruptcy: RP gets claims of Rs 2,155 cr from creditors

Business Standard

Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are "under verification", said the latest data shared by Future Lifestyle Fashions Ltd (FLFL) on the exchanges. As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week. "We wish to inform you that the first meeting of CoC of Future Lifestyle Fashions Limited (under CIRP) will be held on Tuesday, June 6, 2023," it said. On May 4, the Mumbai bench of the National Company Law Tribunal(NCLT) had directed to initiate CIRP against FLFL, admitting a petition from Bank of India. This is the third company of the Kishore Biyani-led Future Group to be ..

Future Lifestyle Fashions Ltd. has lost -35.24% in the last 6 Months

Future Lifestyle Insolvency: RP receives claims of 2,155.53 crore from financial creditors

Business Line | 02 Jun 2023 1 more

Future Lifestyle Fashions Ltd.

04 May 2023

1.36

-4.23%

India tribunal allows bankruptcy proceedings against Future Lifestyle

Business Standard

A company court on Thursday admitted Bank of India Ltd's petition to begin insolvency proceedings against Future Lifestyle Fashions Ltd on an alleged loan default

Future Lifestyle Fashions Ltd. has lost -40.87% in the last 1 Year

Future Lifestyle Fashions Ltd.

13 Sep 2022

1.36

-4.23%

Future Lifestyle faces 3 insolvency petitions, NCLT reserves order in one

Business Standard

Debt-ridden Future Lifestyle Fashions Ltd (FLFL) is facing three petitions before the NCLT from its creditors to initiate insolvency proceedings and one of them has been reserved for orders, the Future Group firm said on Tuesday. Three creditors - two financial and one operational - have filed claims totalling around Rs 1,100 crore before the National Company Law Tribunal (NCLT), said an update on other matters under the Insolvency and Bankruptcy Code by FLFL. All the claims "are being defended by the company before the NCLT," said FLFL adding "none of them has been admitted till date by NCLT". Public sector lender Bank of India has filed a petition claiming default of Rs 495.91 crore under section 7 of IBC. Another financial creditor Catalyst Trusteeship Ltd has approached NCLT for claims of Rs 451.98 crore. While an operational creditor of FLFL - Lotus Lifespaces LLP - has also approached under section 9, claiming a default of Rs 150.37 crore. "Matter is yet to be heard and the

Future Lifestyle Fashions Ltd. has lost -40.87% in the last 1 Year

Future Lifestyle Fashions Ltd.

08 Sep 2022

1.36

-4.23%

Future Lifestyle Fashions gets three-month extension for holding AGM

Business Standard

Future Lifestyle Fashions Ltd (FLFL) on Thursday said it has received a three-month extension from the Registrar of Companies for holding its Annual General Meeting. The Future group firm has received a letter from the Registrar of Companies Mumbai, Maharashtra, on Thursday, granting an extension for a period of three months for holding the AGM till December 31, 2022, the company said in a statement. "Accordingly, the aforesaid Annual General Meeting of the Company would be held within the extended timeline," it said. FLFL has in-house retail chains Central and Brand Factory, Exclusive Brand Outlets (EBOs) and other Multi-Brand Outlets (MBOs of nearly a dozen apparel labels, including - Lee Copper, Champion, aLL, Indigo Nation, Giovani, John Miller, Scullers, Converse and Urbana in its portfolio. FLFL was part of 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred by Kishore Biyani-led Future Group to Relian

Future Lifestyle Fashions Ltd. has lost -40.87% in the last 1 Year

Future Lifestyle Fashions Ltd.

30 Aug 2022

1.36

-4.23%

Bank of India files insolvency plea against Future Lifestyle for due recovery

Business Today

Future Lifestyle, in response, said that it is currently in the process of taking legal advice in the said matter.

Future Lifestyle Fashions Ltd. is trading below all available SMAs

Future Lifestyle Fashions Ltd.

27 Aug 2022

1.36

-4.23%

Future Lifestyle Fashions Q1 loss narrows to Rs 136 cr, revenue down 8.4%

Business Standard

Future Lifestyle Fashions Ltd (FLFL) on Saturday said its consolidated net loss narrowed to Rs 135.96 crore in the April-June quarter of FY23. The company had posted a net loss of Rs 348.08 crore in the corresponding quarter a year ago, said FLFL, the fashion and apparel retailer arm of the Future group, in a BSE filing. Its revenue from operations was down 8.42 per cent to Rs 272.88 crore during the period under review as against Rs 297.99 crore in the corresponding period last fiscal, the company said. FLFL's total expenses stood at Rs 436.56 crore, down 33.45 per cent in Q1/FY23 against Rs 656.07 crore a year ago. "The company has incurred loss before tax during the quarter ended June 30, 2022 amounting to Rs 142.40 crore primarily owing to lower sales volumes, finance costs and depreciation," said FLFL in its earnings statement. FLFL has in-house retail chains Central and Brand Factory, exclusive brand outlets (EBOs) and other multi-brand outlets (nearly a dozen apparel labels

Future Lifestyle Fashions Ltd. is trading below all available SMAs

Future Lifestyle Fashions loss narrows to Rs 136 crore, revenue down 8.4% in April-June

Moneycontrol | 27 Aug 2022

Future Lifestyle Fashions Ltd.

26 Aug 2022

1.36

-4.23%

Tomar to inaugurate World Coconut Day on Sept 2 at Junagadh, Gujarat

Business Line

The theme for this year's event is Growing Coconut for a Better Future and Life

Future Lifestyle Fashions Ltd. has lost -40.61% in the last 3 Months

Future Lifestyle Fashions Ltd.

16 Aug 2022

1.36

-4.23%

Auditors raise doubt over Future Lifestyle's survival

Business Line

Entire networth of the company has been eroded due to losses incurred in the previous year and its current liabilities exceeded its current assets, said auditors

Future Lifestyle Fashions Ltd. has lost -12.26% in the last 1 Week

Future Lifestyle Fashions Q4 loss widens to Rs 1,879 cr; revenue falls 27%

Business Standard | 16 Aug 2022 1 more

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Is Future Lifestyle Fashions Ltd. worth buying?

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Buy 68.75%

Sell 13.75%

Hold 17.5%

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Future Lifestyle Fashions Ltd. News and Updates

Keep track of all breaking news on Future Lifestyle Fashions Ltd. from all sources in a single place.