 "Future Consumer plans to roll out products, targets 50% growth by next year")
Future Group firm Future Consumer Ltd (FCL) on Monday said it has defaulted on payment of principal redemption and interest on non-convertible debentures.
The current default amount includes principal of Rs 20 crore and interest of Rs 2.03 crore, payable annually, it said.
In a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest due on September 5, 2020.
"The company has approached the debenture trustees seeking deferment of the said obligations such that 50 per cent of the amount due shall be paid on or before September 30,
