Futura Polyesters Limited was involved in manufacturing and marketing various polyester products such as Polymer, Preforms, and Polyester Staple Fibre (PSF). Its corporate focus centered on producing and selling specialty products, with a particular emphasis on environmentally friendly green items. However, the company faced a severe financial crisis, leading to the suspension of all its operations from December 31, 2012. To manage this crisis, the company has agreed to sell its land and factory located in Chennai to meet its legal liabilities. The company is also approaching its lenders and banks for a One Time Settlement (OTS) to clear its outstanding debts. Despite its current challenges, the company previously held a strong reputation in the Polyester fibre market, especially for its color fibres.;

CEO/MD

S. B. Ghia

Founded in

1960

BSE symbol

500720

Industry

Shareholding pattern

Sep '25

Dec '25

Mar '26

Jun '26

Sep '26

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BSE • 1 week ago

Futura Polyesters shareholders unanimously approved the appointment of S. Somani & Associates as Statutory Auditors at its EGM. The appointment is for five consecutive financial years commencing from FY 2025-26 until the FY 2029-30 AGM.

Capital Market • 1 month ago

Futura Polyesters has announced that an Extra Ordinary General Meeting (EGM) of the company is scheduled to be held on 26 October 2026.

BSE • 1 month ago

Futura Polyesters Limited has scheduled an Extraordinary General Meeting on October 26, 2026, via video conferencing to approve the appointment of M/s. S. Somani & Associates as Statutory Auditors for five consecutive financial years from FY 2025-26 to FY 2029-30. The proposed audit remuneration is Rs. 6,00,000 plus applicable taxes. The cut-off date for voting eligibility is October 19, 2026, and the remote e-voting window will remain open from October 23 to October 25, 2026.

BSE • 2 months ago

Futura Polyesters Ltd delays financial results citing staff shortages, impacting compliance with SEBI Regulation 33. The company faces financial challenges, including NPA borrowings, losses, and net worth erosion, raising going-concern doubts.

BSE • 2 months ago

Futura Polyesters Ltd addresses non-compliance with SEBI Regulation 33 due to staff shortages. Pending financial results from Sep 2020 to Mar 2025 will be disclosed; efforts to resolve delays ongoing.

BSE • 2 months ago

Futura Polyesters held its EGM on Aug 26, 2026, via video conferencing. Ordinary Resolution for auditor appointment was withdrawn; Special Resolution passed with 99.98% approval.

BSE • 3 months ago

Futura Polyesters schedules EGM on 26 Aug 2026 for auditor appointment and preference share redemption extension. Auditor M/s Dhwani M Shah & Associates proposed; preference shares redemption extended to 2030 at 9% dividend.

BSE • 5 months ago

Futura Polyesters Ltd held its 64th AGM on June 19, 2026, via video conferencing. All resolutions, including financial statements and auditor appointments, passed with 99.99% approval.

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