Future Consumer has informed that the Company has received an intimation letter dated 8th December, 2023 from RBL Bank (RBL Bank), informing about taking symbolic possession of the assets being immovable property comprising of land and building situated at Veerasandra Village in the district of Bangalore admeasuring 44116 Sq.Fts. (Secured Assets) on 6th December,2023 u/s 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002 framed thereunder, since the Company and Guarantor –Kishore Biyani have failed to repay the amount due to RBL Bank. The aforesaid Secured Assets were mortgaged to RBL Bank by the subsidiary company, Appu Nutritions for securing the borrowings availed by the Company.
The above information is a part of company’s filings submitted to BSE.