FUTURE CAPITAL INVESTMENT PRIVATE LIMITED

23 rd December, 2019

To, "" Dept. of Corporate Services (CRD)

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

BSE Scrip Code: 533400

Dear Sir,

Listing Department The National Stock Exchange of India Limited Exchange Plaza, , Bandra- Kurla Complex, Bandra (East), Mumbai- 400 051

NSE Symbol: FCONSUMER

Sub: Annexure-11 Disclosure of reason for encumbrance (In addition to Annexure I prescribed by way of circular dated August 05,2015)

With reference to above subject, we are enclosing herewith Annexure-11, Disclosure of reason for encumbrance (In addition to Annexure I prescribed by way of circular dated August 05,2015).

Kindly take the above on your record.

Thanking you,

Yours faithfully,

C.C. To: The Company Secretary Future Consumer Limited Knowledge House, Shyam Nagar Off JogeshwariVikhroli Link Road, Jogeshwari (East) Mumbai 400 060

2nd Floor, Sobo Central Mall, Pt. Madan Mohan Malviya Road , Haji Ali, Tardeo Mumbai MH 400034

CIN: U99999MH2006PTC159513

Annexure - II

Disclosure of reasons for encumbrance

(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)

Name of listed company Future Consumer Limited

Name of the recognized stock exchanges where the shares of the BSE Limited

company are listed National Stock Exchange of India Limited

Name of the promoter(s) / PACs whose shares have been Future Capital Investment Private Limited

encumbered Future Corporate Resources Private Limited

Total promoter shareholding in the listed company No. of shares - 889,183,098

% of total share capital - 46.29%

Encumbered shares as a% of promoter shareholding 92.15

Whether encumbered share is 50% or more of promoter YES

shareholding Whether encumbered share is 20% or more of total share capital YES

Page No. 1 :..,-~,-::~'-·, .

!;

----· ·~ -· -·· ···- --·~····P> ---···~ .... ·--···-···~ .......................................... Encumbrance Seria l Number 1 2 3 Date of Creation of e ncumbrance 30-06-2016 20-12-2019 20-12-2019

Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, condition or Pledge Pledge Pledge arrangement in the nature of encumbrance )

No. of shares encumbered 2 640 000 131618 724 169 042 114 % of shares encumbered 0.14 6.85 8.80

Specific details about the encumbrance RBL Bank ltd. Vistra ITCL India ltd Vistra ITCL India Ltd

Name of the e ntity in whose favour shares e ncumbered (X)

Whether the entity Xis a scheduled commercial bank, public Scheduled Commercial Bank Entity Xis not scheduled Entity Xis not schedu led financial institution, NBFC or housing finance company? If No, com mercial bank; commercia l bank; provide the nature of the business of the entity. Debentu re Trustee; Debenture Trustee;

Names of all other entities in the agreement Listed company and its group Listed company and its group Listed comp any and its group companies (if any) - companies (if any) - companies (if any) -

1 Future Capital investment Pvt ltd 1 Future Capital investment Pvt ltd 1. Future Corporate Resou rces

Private limited 2. Ryka Commercial Ventu res

Private limited

3.Central Departmenta l Stores Private Limited

4. Future Capital Investment Private

Limited

Other entities (if any) - Other entities (if any) - Other entities (if any) -

1 1 1 Whether the encumb rance is rel ating to any debt instruments viz. No Yes Yes

debenture, commercial pape r, certificate of deposit etc.? If yes,

provide details about the instrument, including credit rating

1. Name of the issuer NA Future Corporate Reso urces Pvt. Fu ture Corporate Resources Pvt. Ltd. Ltd.

2. Detai ls of the debt instrument NA Non-Convertible Debentures Non-Convertible Debentu res

3. Whether the debt instrument is listed on stock exchanges? NA No No

4. Credit Ratin~ of the debt instrument NA PPMLD BBB fOutlook Neeativel NA S. IS!N of the instrument NA INE370107233, INE370107241 INE370107266, INE370107258,

INE370I07290, INE370107282

Security Cover/ Asset Cover 47,200,000 2,340,600,000 2,966,711,186 Value of shares on the date of event/ agreement (A)

Amount involved (against which shares have been encumbered) 500,000,000 4,032,000,000 6,000,000,000

(Bl

Ratio of A/ B 0.09 0.58 0.49

End use of mon ey

Borrowed amount to be utilized for what purpose-

(a) Pe rsonal use by promoters and PACs Yes Yes Yes (b) For the benefit of li sted company

Provide details includin" amount, purpose of raisin.I!: monev bv (c) Any other reason (please specify) Working capital requirement. Refinancing of existing debt availed Refinancing of existing debt availed

and general corporate purposes and general corporate purposes

4 10-10-2019

Pledge

S 683 000 0.30

Ambit Finvest Pvt. ltd.

NBFC

Listed company and its group companies {if any) -

1. Future Corporate Resources

Private limited

2. Future Capital Investment Private

limited

3.Central Departmental Stores Private Limited

Othe r entities (if any) -

1

No

NA

NA

NA

NA NA

220,340,000

250,000,000

0.88

Yes

Genral Corporate Purpose

s 6 06-09-2018 19-09-2018

Pledge Pledge

9,400,000 28,500,000 0.49 1.48

Rattanlndia Finance Pvt ltd IDB I Trusteeshi p Services limited

NBFC Entity Xis not scheduled

commercial bank;

Debenture Trustee;

Listed company and its group listed company and its group companies {if any) - companies (if any) -

1. Future Corporate Resources 1. Future Corporate Resources

Private limited Private Limit ed

2. Future Capital Investment Private 2. Future Capital Investment Private

Limited Limited

3.Central Departmental Stores 3.Centra l Departmenta l Stores

Private Limited Private Limited

Other entities (if any) - Other e ntities (if any} -

1 1

No Yes

NA Future Corporate Resources Pvt.

ltd.

NA Non-Convertible Debentures

NA No

NA NA NA INE241Z07040

700,260,000 700,070,000

57S,OOO,OOO 1,350,000,000

1.22 0.52

Yes Yes

Towards Working Capital Towards Working Capital

Requirements and gene ral Requirements and general

coroorate ourooses coroorate nurnoses

~n• <: ·' b~ /

Encumbrance Se ri a l Number 7 8 9 Date of Creat io n of encumbra nce 31·10-2019 04·11·2019 02·0 1·2018

Type of encumbrance {pledge, tien, negative lien, non -disposal

unde rtaking etc. or any o ther covenant, transaction, condition or Ple dge and other covenant Pledge and o ther covenan t Pledge arrangement in the nature of encumbrance)

No. of shares e ncumbe re d 28 072 144 32 685 031 % of shares encumbe red 1.46 1.70

Specific details a bout the e ncum bra nce Yes Sank Ltd. Yes Bank Ltd .

Catalyst Trusteeship Umited•l& T Nam e of the entitv in whose favour shares encumbered {Xl Finance Ltd Whether the entity X is a scheduled commercial bank, public Scheduled Commercial Bank Scheduled Commercial Bank Entity Xis not scheduled fin ancial institution, NBFC or housi ng fina nce company? If No, co mm e rcial ba nk; provide the nature of the business of the entity. Debentu re Trustee;

Names of all other e ntities in the agreeme nt Listed company and its group Listed company and its group Listed company and its group

companies {if any} - companies {if ony) - companies {if any} -

1. Future Corporate Resources 1.Basuti Sales and Trading Private 1. Future Corporate Resources Private limited Limited Private limited 2. Ryka Commercial Ventures 2. Future Corporate Resources 2. Future Capital Investm ent Private Private Lim ited Private Limited limited

3.Central De partmental Stores 3. Ryka Commercial Ventures

Private li mited Private li mited

4. Future Capital Investment Private 4. Future Capital Investment Private

Limited Lim ited

Other entities (if any) - Other entiti es (if a ny) - Other entities (if any) -

1 1 1 Whether t he e ncumbrance is re lating to any debt inst ruments viz. No No No

debenture, commercial paper, certificate of deposit etc.? If yes,

provide details about the instrument, including credit rating

1. Name of the issuer NA NA NA

2. Details of th e debt instrument NA NA NA

3. Whether the debt inst rument is listed on stock exchanges? NA NA NA

4. Credit Ratine: of the debt instrument NA NA NA S. ISIN of the instrume nt NA NA NA

Secu rity Cover / Asset Cover 656,364,264 656, 231,822 1,220,844,974 Value of sha res on th e date of event / agreement (A)

Amount invo lved (against which shares have been encumbere d) 5,200,000,000 2,841,401,S44 1,750,000,000 (B)

Ratio of A/ B 0.13 0.23 0.70

End use of mo ney

Borrowed amount to be utilized for what purpose -

(a) Personal use by prom ote rs and PACs Yes Yes Yes

(b) For the benefi t of listed com pany

Provide details includ!n2 a mount ouroose of raisin" monev bv {c) Any other reason (please specify) Payment of purchase consideration Purchase of movable fixed assets Refinancing of existing debt and

for acquisition of Assets and for business of the Borrower general corporate purposes Business .

10 11 22·10·2019 10-10-2019

Pledge Pledge

S 800 000 15,623,934 0.30 0.81

IDBI Trusteeship Services Ltd.

Avendus Finance Clix Finance India Private limited

Entity Xis not scheduled NBFC

commercia l ba nk;

Debentu re Trustee;

Listed company and its group Listed company and its group

companies (if ony) - companies (if any} -

1. Future Capital Investme nt Private 1. Future Capital Investm e nt Private

limited Limited

Other entities (if any) - Other entities (if any) -

1 1

No No

NA NA

NA NA

NA NA

NA NA NA NA

205,800,000 899,515,500

1,150,000,000 320,000,000

0.18 2.81

Yes Yes

Refinancing of existing facility and Refinancing of existing debt a nd general corporate purpose. general corporate purposes

12 26-03-2018

Pledge

36 925 ,200 1.92

Clix Capital Services Priva te Limited

NBFC

Listed company and its group

companies (11 any} -

1. Future Ca pita l Investmen t Private

Lim ited

Other entities (if any) -

1

No

NA

NA

NA

NA NA

1,132,080,000

580,000,000

3.54

Yes

Refinancing of existing debt and general corporate purposes

~~ t,,.,- - _;,'. ~.

':;t'/ ' -...,_.,.: -{ ,:;;T, y..-·,

' ,_\~ -,,,,

13 30-03- 2019

Pledge and other cove n.:m t

36 915,000 1.92

lnduslnd Bank Ltd

Schedu led Commerci;:11 Bank

Listed compan y ond its g,oop

companies (if any} -

1. Fu tu re Corporatf' Resources

Private Limited

2. Ryka Comm ercial Ventures

Privat e Limited

3. Futu re Capita l Investment Priv,1 te

Limit ed

Other ent ities (if any) -

1

No

NA

NA

NA

NA

NA

1,031.SSO,OOO

2,000,000,000

0.5 2

Yes

To finance purchase of movable assets for business of the Bonower

P;ig(' Ned

Encumbrance Serial Number 14 1s 16 Date of Creation of encumbrance 30-03-2017 07-08-2019 04-10-2019

Type of encumbrance (pledge, lien, negative lien, non-disposal

undertaking etc. or any other covenant, transaction, condition or Pledge and other covenant Pledge Pledge ar rangement in the nature of encumbrance)

No. of shares encumbered 11500 000 9 600 000 32 233 000 % of shares encumbered 0.60 o.so 1.68

Specific details about the encumbrance lnduslnd Bank Ltd IDBI Trusteeship Services Limited RBL Bank Ltd

Name of the entitv in whose favour shares encumbered (X)

Whether the entity X is a schedu led commercial bank, public Scheduled Commercial Bank Entity Xis not scheduled Scheduled Commercial Bank

financial institution, NBFC or housing finance company? If No, commercia l bank;

provide the nature of the business of the entity. Debenture Trustee;

Names of al l other entities in the agreement Listed company and its group Listed company and irs group Listed company and its group companies (if any) - companies {if any) - companies (if any) -

1. Future Corporate Resources 1. Future Corporate Resources 1. Future Corporate Resources

Private Limited Private Limited Private Limited

2. Ryka Commercial Ventures 2. Future Capital Investment Private 2. Ryka Commercial Ventures

Private limited Limited Private limited

3.Central Departmental Stores 3. Ryka Commercial Ventures 3.Central Departmental Stores

Private Limited Private Limited Private Limited

4. Future Capital Investment Private 4. Future Capital Investment Private

Limited Limited

Other entities (if any) - Other entities (if any) - Other entities (if any) -

1 1 I W hether the encumbrance is relating to any debt instruments viz. No Yes No

debenture, commercial paper, certificate of deposit etc.? If yes,

provide details about the instrument, including credit rating

1. Name of the issuer NA FLFL Lifestyle Brands Limited NA

2. Details of the debt instrument NA Non-Convertible Debentures NA

3. Whether the debt instrument is l isted on stock exchanges? NA NA NA

4. Credit Ratine: of the debt instrument NA NA NA 5. ISIN of the instrument NA NA NA

Security Cover / Asset Cover 333,500,000 269,760,000 786,800,000

Va lue of shares on the date of event/ agreement (A)

Amount involved (against which shares have been encumbered) 1,231,069,934 4,500,000,000 2,000,000,000 (BJ

Ratio of A/ B 0.27 0.06 0.39

End use of money

Borrowed amount to be utilized fo r what purpose -

{a) Personal use by promoters and PACs Yes Yes Yes

(b) For the benefit of listed company

Provide detai ls includinP" amount nurnose of raisinP monev bv

(c) Any other reason (please specify) For payment of business and Payment of obligations owed by For payment of business and

deposit. Affiliate entity. deposit.

17 18 29-03-2018 26-11-2019

Pledge Pledge

4319000 55 350,000

0.22 2.88

RBL Bank Ltd Axis Finance Ltd.

Scheduled Commercial Bank N8FC

Listed company and its group Listed company and its group companies (if any) - companies (if any) -

1. Future Corporate Resources 1 Future Capital Investment Pvt.

Private limited Ltd.

2. Ryka Commercial Ventures 2.Future Outdoor Media Solution

Private Limited limited

3.Central Departmental Stores

Private Limited

4. Future Capital Investment Private

Limited

Other entities (if any) - Other entities (if any) -

1 I

No No

NA NA

NA NA

NA NA

NA NA NA NA

400,040,000 1,419,200,000

66,660,000 l ,000,000,000

6.00 1.42

Yes Yes

For working capital requirement General Corporate Purposes

19 10-10-2019

Pledge

29 425 000 1.53

Axis Finance Ltd

NBFC

Listed company and its group companies (if any) -

1 Future Capital Investment Pvt.

ltd.

2. Future Corporate Resources Pvt .

Ltd.

Other entities {if any) -

I

No

NA

NA

NA

NA NA

341,040,000

S00,000,000

0.68

Yes

For Repayment of existing

promoter group facility

'~­

~

20 18-09-20 15

Pledge

19 000 000 o_9q

IFCI Ltd

NBFC

Listed company and its group companies (if any) -

1 Future Capital Investment Pvt.

Ltd.

2. Future Brands Limited

Other entities {if any) -

1

No

NA

NA

NA

NA NA

647,SRR.031

3,000,000,000

0.22

Yes

Corpora te Loan for creat ion of new

assets and office infrastructure

Page No. 4

Encumbrance Serial Number

Date of Creation of encumbrance

Type of encumbrance (pledge, lien, negative lien, non-disposal

undertaking etc. or any other covenant, tran saction, condition or

arran gement in the nature of encumbrance)

N_g,_QfJ~_;;i_res encumbered % of shares encumbered

Speci fic detafls about the encumbrance

Name of the entity in whose favour shares encumbered (X)

Whether the entity Xis a scheduled commercial bank, public

financial institution, NBFC or housing finance company? If No,

provide the nature of the business of the entity.

Names of all other entities in the agreement

21 31·10-2019

Pledge and other covenant

253 800

Kotak Mahindra Prime Ltd

NBFC

Listed company and its group companies (if any}-

0.01

1 Future Capital Investment Pvt.

Ltd.

Other entities (if any) -

Whether the encumbrance is relating to any debt instruments viz. I No

debenture, commercial paper, certificate of deposit etc.? If yes,

provide details about the instrument, including credit rating

1. Name of the issuer

2. Details of the debt instrument

3. Whe1her the debt instrument is listed on stock exchanges?

_4. _Q_ediJ Rating of the debt instrument S. ISIN of the instrument

Security Cover/ Asset Cover

Va lue of shares on the date of event/ agreement (A)

Amount involved (against which shares have been encumbered)

IB)

Ra_t[o of A/ B End use of money

Borrowed amoun t lo be utilized for what purpose -

.@_)~ersE!lal use by promoters and PACs (b) For the benefit o__!_l~ed company

Provide detail~including amount, purpose of rai_iing money bv

NA

NA

NA

~A NA

374,373,540

187,500,000

2.00

Yes

{c) Any other reason (please specify) \ General Corporate Purposes

22 19-12-2019

Pledge

23

19· 12·2019

Pledge

24 14·10·2019

Pledge

1,_ZZ_Q,~47_ 0.20

25 20-11-2019

Pledge

26 16·11·2015

Pledge

4~41,~Q_f 0.21

27 10-0 1-2019

Pledge

146.578,S00 7.63

Catalyst Trusteeship Services Ltd. I Catalyst Trusteeship Services Ltd. I BNP Paribas Ltd BNP Paribas Ltd A)(iS Bank Ltd Vistra 1TCL (India ) Limited

Entity X Is not scheduled I Entity Xis not scheduled I NBFC NBFC Scheduled Commercial Bank Entity X is not scheduled commercial b<rnk;

Debenture Trustee; commercial bank;

Debenture Trustee;

listed company and its group companies (if ony} -

1. Future Corporate Resources

Private Limited

2. Ryka Commercial Ventures

Private Limited

3.Central Departmental Stores

Private Limited

commercial bank;

Debenture Trustee;

listed company ond its group companies (if any} -

1 . Future Corporate Resources

Private Limited

2. Ryka Commercial Ventures

Private Limited

3.Central Departmental Stores

Private Limited

Listed company and its group companies (if any} -

listed company and its group companies (if any) -

1. Future Corporate Resources 1. Future Corporate Resources

Private Limited Private Limited

2. Ryka Commercial Ventures 2. Ryka Commercial Ventures

Private Limited Private Limited

3.Centra1 Departmental Stores 3.Central Departmental Stores

Private Limited Private Limited

listed company and its group companies (if any)-

Listed company and its group compomes {1/

any)-

1. Future Corporate Resouces Pvt . 11.. Future Capital Investment Private L1m1 ted

Ltd. 2. Future Co rp orate Resources Private

Limited

4. Future Capital Investment Private I 4, Future Capital Investment Private 14, Future Capital Investment 4. Future Capital Investment Private

Limited Limited Limited Private Limited

Other entities (if any) - Other entities (if any) - Other entities (if any) - Other entities (if any) - Otherentities(ifany)- Other entities (if any) -

111..

Yes Yes No No No Yes

Future Corporate Resources Pvt. J Future Capital Investment Pvt. Ltd. I NA NA NA Future Capital Investment Private Limited

Ltd.

Non-Convertible Debentures

NA

NA lNE241Z07032

535,697,400

4,000,000,000

Yes

Refinancing of e)(isting

debt/liabilities

0.13

Non-Convertible Debentures

NA

NA INE708Z07014

127,547,000

2,500,000,000

Yes

Refinancing of existing

debt/liabilities

0.05

NA NA NA

NA NA NA

!'!<_ !'!<_ NA NA NA NA

473,318,162 327,681,838 119,391,844

650,000,000 450,000,000 360,000,000

0.73 0.73 0.33

Yes Yes Yes

Repayment of Loans/ Investments I Repayment of Loans/ Investments !General Corporate Purposes

· .'L .. ('

s;gna,u,. f t,.f(·. , 3 II _.) c;. I!>

'~-- - ;I;-~ ,.._ .,,. --.. ~· ----··· ). . ,, P, \ ·\i'-v.

Place: Mumbai

Date: 23/12/2019

Non Convertible Debentures

No

!'!<_

INE708Z07048

3,781,725,300

4,900,000.000

0.77

Yes

General Corporat e Purposes

Page No. 5