Future Market Networks MD, chairman, board of directors and AGM
NSE: FMNLBSE: 533296Commercial Services & SuppliesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹8.24.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹53 Cr3,353rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 6.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 0.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 7.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 5.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.70
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 27,10949.0% delivered
Future Market Networks board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPRAMOD ARORA
- Company Secretary and Compliance OfficerAnil Cherian
6 directors3 independent1 executive2 non-executive
- ANIL BIYANIExecutive · joined Nov 2022 · reappointed Feb 2023 · 1 listed board · 1 committee seat
- SUNIL GOPIKISHAN BIYANINon-executive · joined May 2013 · reappointed Sep 2023 · 2 listed boards · 2 committee seats, 1 as chair
- SHREESH MISRANon-executive · joined Nov 2022 · reappointed Feb 2023 · 1 listed board
- PRAMOD ARORA · ChairpersonIndependent · joined Aug 2017 · reappointed Sep 2022 · 92 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- PRIYA KHANDELWALIndependent · joined Feb 2023 · reappointed May 2023 · 41 months as independent · 1 listed board · 1 as independent · 2 committee seats
- DIMPLE AMIT SOMANIIndependent · joined Aug 2023 · reappointed Sep 2023 · 35 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 19 May 20266 of 6 present3 independent · 97 days in between
- 10 Feb 20266 of 6 present3 independent
Audit Committee
Chair PRAMOD ARORA
SUNIL GOPIKISHAN BIYANI, PRIYA KHANDELWAL, DIMPLE AMIT SOMANI
- 19 May 20264 of 4 present3 independent · 97 days in between
- 10 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair PRIYA KHANDELWAL
SUNIL GOPIKISHAN BIYANI, DIMPLE AMIT SOMANI
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair SUNIL GOPIKISHAN BIYANI
ANIL BIYANI, PRIYA KHANDELWAL
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair DIMPLE AMIT SOMANI
SUNIL GOPIKISHAN BIYANI, PRIYA KHANDELWAL
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Bakliwal & Co.Peer-review certificate valid to Aug 2026
1 earlier auditor
- S K Patodia& Associates LLPNamed in filings from Mar 2025 to Jun 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Future Market Networks AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Future Market Networks share news and announcements
Annual general meeting, 28 Sep 2026
28,789 shareholders on the register on 21 Sep 2026; present: 2 promoters and 139 others; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the report of Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 12.47% · promoters 13.37% · institutions 0.00% · other public 10.38%
- To appoint a director in place of Mr. Shreesh Misra (DIN: 01641532), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013, and being eligible, seeks re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 12.47% · promoters 13.37% · institutions 0.00% · other public 10.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 17 Jun 2026, 1 resolution
29,302 shareholders on the register on 10 Jun 2026; present: 1 promoter and 84 others; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
- Issue of Equity shares and fully convertible Warrants on preferential basis to a Non-Promoter Group entitySpecial88.15% for11.85% against
Against: promoters 0.00% · institutions 0.00% · other public 76.71%
Turnout: all 6.33% · promoters 8.00% · institutions 0.00% · other public 2.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Nov 2025, 1 resolution
30,003 shareholders on the register on 10 Oct 2025; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
- Approval for “surrender of lease hold rights” vested with the Company regarding shopping mall known as “Diamond Plaza Mall”Special98.74% for1.26% against
Against: promoters 0.00% · institutions 0.00% · other public 4.72%
Turnout: all 6.88% · promoters 7.52% · institutions 0.00% · other public 5.57%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2025, 7 resolutions
29,954 shareholders on the register on 18 Sep 2025; present: 5 promoters and 200 others; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the report of Auditors thereon.MoreLess
Ordinary99.91% for0.09% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- To appoint a director in place of Mr. Sunil Biyani (DIN: 00006583), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013, and being eligible, seeks re-appointmentOrdinary99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- Appointment M/s. Bakliwal and Company, Chartered Accountants, as Statutory Auditors of the CompanyOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- To appoint Mr. Shreesh Misra (DIN: 01641532) as Non- Executive Non-Independent DirectorOrdinary99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- Appointment of M/s Alwyn Jay & Co., Company Secretaries as Secretarial Auditor of the CompanyOrdinary99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- To approve Future Market Networks Limited Employee Stock Option Scheme - 2025 (“FMNL - ESOS 2025”)Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
- To approve FMNL Employees Stock Option Plan 2025 (“FMNL ESOP 2025”) for Subsidiary Company (ies)Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 4.77% · promoters 0.00% · institutions 0.00% · other public 14.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 30 Jun 2025, 1 resolution
30,573 shareholders on the register on 23 May 2025; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Anil Biyani, (DIN: 00005834), as the Whole-time Director of the Company:OrdinaryPromoters have an interest in it94.96% for5.04% against
Against: promoters 0.00% · institutions 0.00% · other public 5.04%
Turnout: all 1.70% · promoters 0.00% · institutions 0.00% · other public 5.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Feb 2025, 2 resolutions
31,082 shareholders on the register on 10 Jan 2025; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
- Transactions with Metawear Limited, a related party of the CompanyOrdinaryPromoters have an interest in it97.34% for2.66% against
Against: promoters 0.00% · institutions 0.00% · other public 2.66%
Turnout: all 4.57% · promoters 0.00% · institutions 0.00% · other public 13.80%
- Transactions with Jeremia Real Estate Private Limited, a related party of the CompanyOrdinaryPromoters have an interest in it97.34% for2.66% against
Against: promoters 0.00% · institutions 0.00% · other public 2.66%
Turnout: all 4.57% · promoters 0.00% · institutions 0.00% · other public 13.80%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 29 Oct 2024, 1 resolution
Present: 0 promoters and 68 others.The company's voting result (opens in a new tab)
- ISSUE OF EQUITY SHARES AND FULLY CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS TO A PROMOTER GROUP ENTITY OF THE COMPANY AND A NON-PROMOTER GROUP ENTITYSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 1.46% · promoters 0.51% · institutions 0.00% · other public 3.24%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2024, 2 resolutions
Present: 2 promoters and 85 others.The company's voting result (opens in a new tab)
1. To receive, consider and adopt:nna) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereon; andnnb) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the report of Auditors thereon.nMoreLess
Ordinary99.45% for0.55% againstAgainst: promoters 0.00% · institutions 0.00% · other public 20.79%
Turnout: all 26.96% · promoters 40.18% · institutions 0.00% · other public 2.05%
2. To appoint a director in place of Mr. Anil Biyani (DIN: 00005834), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
Ordinary98.71% for1.29% againstAgainst: promoters 0.00% · institutions 0.00% · other public 49.08%
Turnout: all 26.96% · promoters 40.18% · institutions 0.00% · other public 2.05%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeMr. Laxmi Pat SuranaSince 19 May 2016The said appeal under Sec 37 is pending with Calcutta High Court. Further, Mr. Laxmi Pat Surana died and his legal heirs will take up the matter
At the filing before: Future Market Networks Limited (“FMNL”) had filed an Arbitration Petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the Arbitral Award dated 19th May 2016 passed by the Learned Sole Arbitrator, Mr. Syamaprosad Sarkar, in the arbitration proceedings between Laxmi Pat Surana and FMNL, before the Hon’ble High Court at Calcutta. The said Arbitration Petition No. COM 135 of 2024 (Old A.P. No. 698 of 2016), Future Market Networks Limited vs. Laxmi Pat Surana & Anr., dismissed by the Hon’ble Mr. Justice Subhendu Samanta by an order dated 19th September 2025. The Company, FMNL, filed an appeal under Sec 37 of the Arbitration and Conciliation Act, 1996 against the said order and award, before the Hon’ble High Court at Calcutta. The appeal filed by the Company is pending. Mr L P Surana also initiated execution proceedings under Section 36 of the Arbitration and Conciliation Act, 1996 against the Company in terms of the said Award dated 19th May 2016 and the execution petition also pending before Calcutta High Court.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.