Description
BSE suspends trading in Future Supply Chain Solutions Ltd. effective October 28, 2025, following NCLT approval of resolution plan under IBC that cancels all existing equity and preference shares without consideration.
Summary
BSE has suspended trading in the equity shares of Future Supply Chain Solutions Ltd. (Scrip Code: 540798) effective October 28, 2025. This action follows the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench’s approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016. The approved resolution plan mandates the cancellation of all existing equity and preference shares, including those held by promoters and public shareholders, without any consideration.
Key Points
- NCLT Mumbai Bench has approved the resolution plan for Future Supply Chain Solutions Ltd. under IBC, 2016
- All existing equity and preference shares (promoter and public holdings) are cancelled without consideration
- Trading suspension effective from October 28, 2025
- Suspension implemented to avoid market complications
- Scrip Code affected: 540798
Regulatory Changes
No new regulatory changes introduced. This circular implements existing provisions under the Insolvency and Bankruptcy Code, 2016, following NCLT’s order.
Compliance Requirements
Market participants must:
- Cease all trading activities in Future Supply Chain Solutions Ltd. securities from October 28, 2025
- Direct clarifications via email to: bse.soplodr@bseindia.com
- Note that all existing shareholdings (equity and preference) stand cancelled without consideration as per NCLT-approved resolution plan
Important Dates
- October 27, 2025: Notice issued
- October 28, 2025: Trading suspension effective date
Impact Assessment
Shareholder Impact: All equity and preference shareholders, including promoters and public shareholders, face complete loss as shares are cancelled without consideration under the NCLT-approved resolution plan.
Market Impact: Trading suspension eliminates secondary market liquidity for the scrip, preventing further transactions and potential complications arising from the resolution plan implementation.
Regulatory Impact: Standard insolvency resolution procedure under IBC framework, demonstrating regulatory coordination between NCLT and stock exchange to ensure orderly market operations during corporate insolvency resolution.
Impact Justification
Complete trading suspension following NCLT-approved insolvency resolution with total cancellation of all equity and preference shares, directly impacting all shareholders with immediate effect.