Future Enterprises : Defaults on Payment of Interest/Principal

To,	November 10, 2022
Listing Department
Corporate Relationship Department (CRD)
BSE Limited,	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Bandra - Kurla Complex
Dalal Street,	Bandra (East),
Mumbai - 400 001	Mumbai - 400 051
Scrip Code: 523574 / 570002	Scrip Symbol: FEL / FELDVR
Scrip Code of Debt: 956269
ISIN: INE623B7560
Dear Sir / Madam,

Sub.: Intimation under Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR)] - Default in Payment of Interest due on Non-Convertible Debentures (NCDs)

The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on November 9, 2022.

S. No.	Type of disclosure	Details
1.	Name of the Listed entity	Future Enterprises Limited
2.	Date of making the disclosure	November 10, 2022
3.	Nature of obligation / Type of instrument	Rated, Listed, Secured, Redeemable, Non-
	(Listed debt securities, MTNs, FCCBs etc. with	Convertible Debentures
	ISIN as applicable)	Series XVII - C
		ISIN: INE623B07560
4.	Number of investors in the security as on	8 in Series XVII - C
	date of default
5.	Date of default	November 9, 2022
6.	Details of the obligation (tenure, coupon,	Tenure: Interest obligation shall commence from
	secured/unsecured, etc.)	the Deemed Date of Allotment i.e., May 9, 2017
		and end on the day falling at the expiry of May 9,
		2024 for Series XVII - C.
		Coupon Rate: 9.28% p.a. for series XVII - C
		Coupon Payment Frequency: Half Yearly basis
		on May and November, each year for Series XVII
		- C
		Security: Debentures are secured

Future Enterprises Limited

Regd. Off.: Knowledge House, Shyam Nagar, Off Jogeshwari ‐ Vikhroli Link Road, Jogeshwari (East), Mumbai ‐ 400 060

P [phone],

www.felindia.in

CIN L52399MH1987PLC044954

S. No.	Type of disclosure	Details
7.	Current default amount (Amount in Rs.)	Interest due: Rs. 1,21,63,159/-
	(Please provide the breakup of instalment and	[Period for which Interest was due: 09/05/2022 -
	interest)
		08/11/2022 - 184 Days]
8.	Total amount of securities issued (in Rs. crore)	Rs. 26 Crore
9.	Gross Principal amount on which the default	Rs. 26 Crore
	above has occurred (in Rs. crore):

Thanking you,

Yours faithfully

for Future Enterprises Limited

Vijay

Biyani

Digitally signed by Vijay Biyani Date: 2022.11.10 16:12:32 +05'30'

Vijay Biyani

Chairman and Managing Director

DIN: 00005827

1. Axis Trustee Services Limited,

The Ruby, 2nd Floor, SW, 29, Senapati Bapat Marg,

Dadar West, Mumbai - 400 028

Future Enterprises Limited

Regd. Off.: Knowledge House, Shyam Nagar, Off Jogeshwari ‐ Vikhroli Link Road, Jogeshwari (East), Mumbai ‐ 400 060

P [phone],

www.felindia.in

CIN L52399MH1987PLC044954