Description

NSE notifies withdrawal of admission to dealings in equity shares of Future Supply Chain Solutions Limited (FSC) effective March 24, 2026, pursuant to NCLT-approved resolution plan under the Insolvency and Bankruptcy Code, 2016.

Summary

NSE has notified the voluntary delisting of equity shares of Future Supply Chain Solutions Limited (symbol: FSC) effective March 24, 2026. The delisting is consequent to a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-III, under Sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code (IBC), 2016.

Key Points

  • Equity shares of Future Supply Chain Solutions Limited (FSC) will be delisted from NSE with effect from March 24, 2026.
  • The delisting is pursuant to an NCLT-approved resolution plan, not a voluntary exit by promoters.
  • The circular is issued by NSE’s Listing Department under Circular Ref. No. 2026/0454 (Download Ref No: NSE/CML/73316).
  • All members of NSE are notified of this withdrawal of admission to dealings.

Regulatory Changes

Admission to dealings in securities of Future Supply Chain Solutions Limited on NSE is being formally withdrawn under the exchange’s delisting framework, triggered by an insolvency resolution under the IBC, 2016 (Sections 30(6) and 31(1)).

Compliance Requirements

  • NSE members must cease trading in FSC equity shares from March 24, 2026 onwards.
  • Members should inform their clients holding FSC shares about the impending delisting.
  • No further orders or positions should be initiated in FSC post the effective delisting date.

Important Dates

  • March 17, 2026: Circular issued by NSE.
  • March 24, 2026: Effective date of delisting — trading in FSC equity shares will cease on NSE.

Impact Assessment

The delisting of FSC will result in the security becoming illiquid and untradeable on NSE from March 24, 2026. Shareholders holding FSC will no longer be able to sell their shares on the exchange. Since this delisting arises from an IBC resolution plan approved by NCLT, it is compulsory in nature despite being categorised as voluntary delisting. Investors and institutional holders of FSC are significantly impacted and should take note of the final trading date prior to March 24, 2026.

Impact Justification

Permanent removal of a listed security from NSE trading directly affects all shareholders and traders holding FSC; triggered by NCLT resolution plan under IBC, making it irreversible.