$FMNL Future Market Networks operates in property and related services, with its core business linked to managing and operating shopping/retail infrastructure. FY26 revenue was approximately ₹99.7 crore, EBITDA about ₹45.3 crore, and net profit around ₹7.9 crore, significantly below FY25 profit due to lower other income and higher depreciation. Latest News: FMNL recently confirmed no fresh promoter share encumbrance for FY26. Its promoter group also converted 30 lakh warrants into equity shares in March 2026. Corporate Action: The company has fixed a ₹12.77 per-share preferential issue price, involving 1 lakh equity shares and 1.99 crore warrants, aggregating approximately ₹25.54 crore. The potential investment case is primarily linked to property monetization, rental income and balance-sheet improvement, but FMNL remains a high-risk small-cap, with earnings volatility and promoter-related developments requiring close monitoring.

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