Description

NSE suspends trading in FSC equity shares effective October 28, 2025, following NCLT approval of resolution plan that cancels all existing equity and preference shares.

Summary

National Stock Exchange of India has announced the suspension of trading in equity shares of Future Supply Chain Solutions Limited (FSC) effective October 28, 2025. This action follows the approval of a resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench, under the Insolvency and Bankruptcy Code, 2016. The approved resolution plan cancels all existing equity and preference shares without consideration, and the company will be delisted from the exchange.

Key Points

  • NCLT Mumbai Bench, Court III has approved the resolution plan under IBC, 2016
  • All existing equity and preference shares (including promoter and public shareholder holdings) are cancelled without any consideration
  • The company will be delisted from NSE
  • Trading suspension implemented to avoid market complications
  • Symbol: FSC
  • NSE Circular Reference: 2085/2025
  • NSE Download Reference: NSE/CML/70985

Regulatory Changes

Trading in Future Supply Chain Solutions Limited securities will be suspended on the National Stock Exchange effective October 28, 2025. This is a mandatory suspension following corporate insolvency proceedings and NCLT approval of the resolution plan.

Compliance Requirements

  • All NSE members must cease trading in FSC equity shares from October 28, 2025
  • No further trading activity will be permitted in this security
  • Market participants should settle any pending obligations before the suspension date

Important Dates

  • October 27, 2025: Circular issued by NSE
  • October 28, 2025: Trading suspension effective date

Impact Assessment

Market Impact: High - Complete trading halt and delisting of the company

Shareholder Impact: Severe - All existing equity and preference shareholders will see their shares cancelled without any consideration, resulting in complete loss of investment

Trading Impact: All trading activity in FSC will cease, affecting any investors holding positions or pending orders in this security

Precedent: This action follows the insolvency resolution process under IBC 2016, where existing shareholders typically face complete dilution or cancellation of their holdings as part of the resolution plan

Impact Justification

Complete trading suspension and delisting with all shares cancelled - severe impact on all shareholders of FSC