JK Cement Limited — Others, 21-05-2025: Copy of Newspaper Publication

The bank’s Review Committee has declared M/s Amrapali Silicon City (P) Ltd. and its directors as wilful defaulters due to fund diversion, failure to repay despite capacity, and fraudulent financial practices. Forensic audits and court orders revealed misuse of funds, bogus expenses, and account manipulation. This declaration affects the company’s creditworthiness and legal position, highlighting serious financial and governance concerns that investors should closely monitor.