Aksh Optifibre Limited — Important, 20-01-2025: General Updates

The company received a notice under Section 13(4) of the SARFAESI Act from Union Bank of India for an outstanding amount of approximately ₹49.73 Crores. The management is actively seeking legal advice and plans to engage in discussions with the bank regarding a One Time Settlement (OTS) for the dues. This situation could impact the company’s financial stability, so it’s critical for investors to watch closely as developments unfold. The company's proactive approach to protect stakeholder interests is noteworthy and could mitigate potential risks.