Multiple Financial Institutions Issue Public Notices on Asset Possession and E-Auction Sales

Multiple Financial Institutions Issue Public Notices on Asset Possession and E-Auction Sales​

Various financial institutions and asset reconstruction companies issued multiple public notices regarding the possession of secured assets and scheduled e-auction sales in Telangana and Andhra Pradesh. Corporate governance actions were also noted for Prudential Sugar Corporation Limited.

Secured Asset Recovery and Auctions​

Multiple notices were issued by TATA Capital Housing Finance Limited, IDBI Bank Limited, Karnataka Bank Limited, Alchemist Asset Reconstruction Company Limited, UGRO Capital Limited, and Canfin Homes Limited concerning the recovery of outstanding dues and the taking of possession of mortgaged properties.

Details of Key Asset Possession and Sale Notices:

• IDBI Bank Limited: Issued a Possession Notice for an immovable property belonging to Shri. Devasane Mallesham in Kowkoor Village, Alwal Circle and Mandal, Medchal-Malkajgiri District. The notice cautions against any dealings with the property and notes a current charge on an amount of ₹ 34,87,737.00 as of April 14, 2026, plus applicable interest.
• Karnataka Bank Limited: Announced an e-auction sale notice for a property located at Abdullapur Village, Hayathnagar Revenue Mandal, R.R. District. The sale is scheduled for May 8, 2026, and the total outstanding debt to be recovered is ₹ 35,22,470.22.
• Canfin Homes Limited: Released a notice announcing an e-Auction Sale of Immovable Assets. The auction is scheduled for May 8, 2026, with the total recoverable debt amounting to ₹ 48,51,747/-.

Asset Recovery by Other Agencies:

• TATA Capital Housing Finance Limited: Issued multiple possession and sale notices covering properties in Hyderabad (Teachers Colony), Warangal (Bhavaninagar and Vijaypal Colony), and Yadadri Bhuvanagiri. These notices detail specific loan accounts, borrowers, and the last outstanding amounts.
• Alchemist Asset Reconstruction Company Limited (AARC): Issued Public Notices regarding liabilities under the SARFAESI Act, 2002. These notices cover various borrowers and properties across Nalgonda, Suryapet, and Medchal-Malkajgiri Districts, detailing amounts due as of various dates in 2025 and 2026.
• UGRO Capital Limited: Issued a Demand Notice for Kishore Automobiles and other borrowers, calling for repayment of amounts ranging from ₹ 21,55,894.00, as of April 8, 2026.

Corporate Governance and Board Updates​

Prudential Sugar Corporation Limited (PSCL) announced an Extraordinary General Meeting (EGM) via Video Conferencing/Other Audio Visual Means (VC/OAVM) scheduled for Monday, May 11, 2026, at 02:30 P.M. (IST). The primary business for the EGM is the regularization of the appointment of Ms. Priyanka Rajora (DIN:08985737) as a Director (Non-Executive Independent Woman Director).

Other Corporate Filings and Updates​

• MIC Electronics Limited: Issued a Corrigendum to its EGM Notice. The notice clarifies that the Company, its Promoters, and Directors have not been categorized as willful defaulters or fraudulent borrowers by any bank or financial institution, rendering specific disclosures unnecessary.
• General Transactions: Other financial entities, including Indian Bank Ltd. and other regional lenders, also circulated specific possession and sale notices detailing assets and outstanding dues.

PRUDMOULI Stock Price Movement​

On Friday, Prudential Sugar Corporation Limited shares edged higher to close at ₹17.41, completing the session with a gain of 0.47%. The stock traded on a volume of 33,194 shares, showing active participation during the day's trading.

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