New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Market cap is less than US$10m (₹103.1m market cap, or US$1.18m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Jan 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$10m (₹109.3m market cap, or US$1.27m). New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Market cap is less than US$10m (₹138.7m market cap, or US$1.65m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$10m (₹480.5m market cap, or US$5.77m). Minor Risk Negative equity (-₹1.4b). New Risk • Aug 11
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$10m (₹430.1m market cap, or US$5.19m). Minor Risk Negative equity (-₹1.4b). Annuncio • Jun 05
Reliance Retail, 6 Others Give EoIs for Future Firm Reliance Retail Limited and six other prospective bidders have submitted expressions of interest (EoIs) for Future Supply Chain Solutions Limited (FSCS), a Future Group firm that is under insolvency proceedings. One City Infrastructure, Globe Ecologistics Private Limited, The Shanti G.d. Ispat And Power Private Limited, Camions Logistics Solutions Pvt. Ltd., Tatkal Loan India and Sugna Metals are the other firms in the fray. The resolution professional is verifying the EoIs, FSCS said in a stock exchange update. The resolution professional will submit the final list of the prospective resolution applicants on June 14, 2023 it added. FSCS, which was admitted to bankruptcy proceedings by the National Company Law Tribunal's Mumbai bench earlier this year, used to manage Future Group's warehousing and logistics requirements. The company was admitted to bankruptcy on a petition filed by DHL Ecommerce (India), alleging default in payments. Two other operational creditors – Best Roadways and Leap India – had also moved the National Company Law Tribunal. Earlier on June 2, Future Lifestyle Fashions (FLFL), another Future Group firm that is under insolvency proceedings, received claims totaling INR 21.5553 billion from 12 financial creditors including from the State Bank of India. Of the total, INR 21.17 billion have been admitted, while claims worth INR 0.385 billion are under verification. Apart from SBI, Centbank Financial Services, Bank of India (BoI), Bank of Baroda (BoB), IDBI Bank, HSBC and HDFC Bank are among the 12 financial creditors who have staked claims, it said in a stock update. On May 4, NCLT's Mumbai bench had admitted FLFL for a corporate insolvency resolution process (CIRP) following a petition filed by Bank of India after payment defaults. The tribunal also appointed Ravi Sethia as the resolution professional. Annuncio • Jan 14
Future Supply Chain Solutions Limited Announces Management Resignations Future Supply Chain Solutions Limited announced that Mr. Vairavan Thangavelu - Deputy Chief Financial Officer of company has submitted notice of resignation vide its letter dated 4th November, 2022 and completed his notice period on 8th December 2022. Consequent to the said resignation notice, he shall also cease to be a `Key Managerial Personnel' (KMP) as well as Chief Financial Officer of the Company after completion of notice period. The company further write to inform that, Mr. Amar Sapra (DIN: 05178849) and Mr. Rohit Malhotra (DIN: 07663003), Independent Directors have resigned from Board of Directors of the Company and various committees of the Board with effect from close of business hours on 12th January, 2023, due to chances of revival of company looks impossible and company being admitted to the Corporate Insolvency Resolution Process. Annuncio • Nov 05
Future Supply Chain Solutions Limited Announces Resignation of Shinichi Kakiyama as Non Executive Director Future Supply Chain Solutions Limited announced resignation of Shinichi Kakiyama as Non Executive Director of the Company, has resigned effective from November 2, 2022. Mr. Shinichi Kakiyama was nominated by Nippon Express (South Asia & Oceania) Pte. Ltd. pursuant to the Shareholders Agreement and Articles of Association of the Company. Annuncio • Nov 02
Future Supply Chain Solutions Limited Announces Board Changes Future Supply Chain Solutions Limited informed that Mrs. Smeeta Neogi Independent Director of the Company, has resigned from Board of Directors and various committees of the Board with effect from October 31, 2022. Annuncio • Sep 09
Future Supply Chain Solutions Limited Announces Resignation of Vimal K Dhruve as Company Secretary / Compliance Officer Future Supply Chain Solutions Limited Announced Mr. Vimal K Dhruve - Company Secretary and Compliance Officer of the Company has resigned with effect from the closure of working hours of September 7, 2022 to pursue other opportunities outside the organization. The Board of Directors, subject to the recommendations of Nomination and Remuneration Committee, shall appoint a suitable and qualified person in place of Mr. Vimal K Dhruve within the timeframe as permitted under the Companies Act, 2013 and SEBI Regulations, 2015. Annuncio • Aug 06
Future Supply Chain Solutions Limited to Report Q1, 2023 Results on Aug 10, 2022 Future Supply Chain Solutions Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • Jul 26
Full year 2022 earnings released: ₹159 loss per share (vs ₹42.01 loss in FY 2021) Full year 2022 results: ₹159 loss per share (down from ₹42.01 loss in FY 2021). Revenue: ₹6.84b (up 47% from FY 2021). Net loss: ₹6.98b (loss widened 279% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Annuncio • Jul 20
Future Supply Chain Solutions Limited to Report Q4, 2022 Results on Jul 25, 2022 Future Supply Chain Solutions Limited announced that they will report Q4, 2022 results at 3:30 PM, Indian Standard Time on Jul 25, 2022 Annuncio • May 12
Future Supply Chain Solutions Limited Announces Cessation of Bala C Deshpande Independent Director Future Supply Chain Solutions Limited announced that tenure of Mrs. Bala C Deshpande Independent Director of the Company ended on May 9, 2022. In view of this, she ceased to be an Independent Director of the Company with effect from May 10, 2022. Annuncio • Apr 06
Future Supply Chain Solutions Limited Announces Resignation of Malini Chopra, Independent Director Future Supply Chain Solutions Limited informed that Mrs. Malini Chopra, Independent Director of the Company, has resigned with effect from April 4, 2022. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Executive Non-Independent Director Shinichi Kakiyama was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 31
Future Supply Chain Solutions Limited Announces Cessation of Janat Shah as Independent Director and Resignation Chandra Prakash Toshniwal as Non Executive Director Future Supply Chain Solutions Limited announced that the tenure of Mr. Janat Shah, Independent Director of the Company ended on March 29, 2022. In view of this, Mr. Janat Shah ceased to be an Independent Director of the Company with effect from March 30, 2022 and the company also announced the resignation of Mr. Chandra Prakash Toshniwal, Non Executive Director of the Company with effect from March 30, 2022. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Executive Non-Independent Director Shinichi Kakiyama was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹0.98 loss per share (up from ₹9.41 loss in 3Q 2021). Revenue: ₹1.94b (up 67% from 3Q 2021). Net loss: ₹42.9m (loss narrowed 90% from 3Q 2021). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Annuncio • Feb 08
Future Supply Chain Solutions Limited Appoints Vairavan T. as Dy. Chief Financial Officer The Board of Directors of Future Supply Chain Solutions Limited at its meeting held on February 7, 2022 has designated Mr. Vairavan T. as a Key Management Personnel (Dy. Chief Financial Officer) with effect from February 7, 2022. He carries overall experience of more than 30 years in managerial and semimanagerial positions in various corporates including TVSSuzuki, HiTech Arai, Praxis Home Retail and Sanyo BPL. Annuncio • Jan 30
Future Supply Chain Solutions Limited to Report Q3, 2022 Results on Feb 07, 2022 Future Supply Chain Solutions Limited announced that they will report Q3, 2022 results on Feb 07, 2022 Reported Earnings • Oct 30
Second quarter 2022 earnings released: ₹6.10 loss per share (vs ₹15.67 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹1.70b (up 62% from 2Q 2021). Net loss: ₹267.9m (loss narrowed 61% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2022 earnings released: ₹9.71 loss per share (vs ₹12.63 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹1.36b (up 43% from 1Q 2021). Net loss: ₹426.1m (loss narrowed 23% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 01
Additional Non-Executive & Non-Independent Director Hiroyuki Tanaka has left the company On the 24th of June, Hiroyuki Tanaka's tenure as Additional Non-Executive & Non-Independent Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Hiroyuki's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Jun 27
Full year 2021 earnings released: ₹42.01 loss per share (vs ₹1.39 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹4.66b (down 59% from FY 2020). Net loss: ₹1.84b (loss widened ₹1.79b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day low: ₹91.30 The company is down 12% from its price of ₹104 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 12% over the same period. Annuncio • Feb 03
Future Supply Chain Solutions Limited to Report Q3, 2021 Results on Feb 03, 2021 Future Supply Chain Solutions Limited announced that they will report Q3, 2021 results on Feb 03, 2021 Annuncio • Feb 02
Future Supply Chain Solutions Limited Announces Resignation of Rohan Gavas as Company Secretary and Compliance Officer Future Supply Chain Solutions Limited announced that Mr. Rohan Gavas Company Secretary and Compliance Officer of the Company (KMP) has resigned with effect from February 1, 2021 to pursue other opportunities outside the organization. Annuncio • Dec 04
Future Supply Chain Solutions Limited, Annual General Meeting, Dec 28, 2020 Future Supply Chain Solutions Limited, Annual General Meeting, Dec 28, 2020, at 13:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2020 together with the reports of Auditors and Directors thereon; to appoint a Director in place of Mayur Toshniwal (DIN: 01655776) who retires by rotation and being eligible, offers himself for re-appointment; to appoint a Director in place of Chandra Prakash Toshniwal (DIN: 00036303) who retires by rotation and being eligible, offers himself for re-appointment; and to discuss the other matters. Annuncio • Nov 09
Future Supply Chain Solutions Limited Appoints Rohan Gavas as Company Secretary and Compliance Officer Future Supply Chain Solutions Limited subsequent to the recommendations of Nomination and Remuneration Committee, the Board of Directors of the Company has appointed Mr. Rohan Gavas (a qualified member of The Institute of Company Secretaries of India) as Company Secretary of the Company effective from November 7, 2020. Pursuant to regulation 6(1) of the Listing Regulations, Mr. Rohan Gavas is also designated as Compliance Officer of the Company simultaneously with his appointment. Annuncio • Sep 23
Nippon Express (South Asia & Oceania) Pte., Ltd. cancelled the acquisition of 14.6% stake in Future Supply Chain Solutions Limited (BSE :540798) from SSG Capital Management Limited. Nippon Express (South Asia & Oceania) Pte., Ltd. entered into an agreement to acquire 14.6% stake in Future Supply Chain Solutions Limited (BSE :540798) from SSG Capital Management Limited for INR 3.9 billion on September 20, 2019. Under the terms, 5.8 million shares will be acquired. In a related transaction, Nippon Express (South Asia & Oceania) will subscribe for new shares of Future Supply Chain Solutions. Post acquisition and subscription, Nippon Express (South Asia & Oceania) will hold 22% stake in Future Supply Chain Solutions Limited. Nippon Express will have a right to nominate a director to the board of Future Supply Chain Solutions Limited. The transaction is subject to Future Supply Chain Solutions Limited's shareholders approval, regulatory approval and other consents and approvals. The transaction has been approved by the Board of Nippon Express on September 20, 2019. As per announcement of December 10, 2019, Competition Commission of India has approved the transaction. As per announcement of December 11, 2019, Nippon Express (South Asia & Oceania) Pte., Ltd. and Future Supply Chain Solutions Limited have received all necessary approvals with respect to the acquisition including Future Supply Chain Solutions Limited's shareholder, BSE Limited and NSE Limited. The transaction is expected to close by the end of January 2020. Kaushik Babu, Pujitha Gullapalli and Agranee Kapoor with assistance from Nishad Nadkarni and Sourav Dan of Khaitan & Co. acted as the due diligence advisors and Zakir Merchant, Arindam Ghosh, Anisha Chand, Saswat Subasit, Anmol Awasthi, Vasudhaa Ahuja Suditi Surana and D. Preethika of Khaitan & Co. acted as legal advisors to Nippon Express. GCA acted as financial advisor to Nippon Express (South Asia & Oceania) Pte. Ltd.
Nippon Express (South Asia & Oceania) Pte., Ltd. cancelled the acquisition of 14.6% stake in Future Supply Chain Solutions Limited (BSE :540798) from SSG Capital Management Limited on September 20, 2020. Is New 90 Day High Low • Sep 23
New 90-day low: ₹105 The company is down 35% from its price of ₹162 on 25 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 22% over the same period. Annuncio • Sep 18
Future Supply Chain Solutions Limited Announces Resignation of Mr. Vimal K Dhruve Company Secretary and Compliance Officer Future Supply Chain Solutions Limited announced that Mr. Vimal K Dhruve Company Secretary and Compliance Officer of the Company (KMP) has resigned with effect from September 17, 2020 to pursue other
opportunities outside the organization. Annuncio • Sep 12
Future Supply Chain Solutions Limited to Report Q4, 2020 Results on Jul 31, 2020 Future Supply Chain Solutions Limited announced that they will report Q4, 2020 results on Jul 31, 2020 Annuncio • Sep 05
Future Supply Chain Solutions Limited to Report Q1, 2021 Results on Sep 11, 2020 Future Supply Chain Solutions Limited announced that they will report Q1, 2021 results on Sep 11, 2020