In continuation to earlier disclosures, Future Market Networks has informed that the corporate mortgage extended by the Company to Hero FinCorp (Lender) in relation to a term loan of INR 14,000 lakhs availed by Hare Krishna Operating Lease (borrower) by way of exclusive charge on immovable property of R Mall situated at Lal Bahadur Shastri Marg, Revenue Village of Mulund West is discharged. The Lender acquired and sold the property under the provisions of SARFAESI Act/ Rules. Accordingly, the Company is discharged from all the obligations and no further amounts payable by the Company in any manner whatsoever and the Lender confirmed the same in writing.
The above information is a part of company’s filings submitted to BSE.
