Alfa Transformers Ltd — Updates, 29-05-2025: Company Update

Alfa Transformers Limited has announced a board meeting to consider the financial results for the quarter and half-year. GIC Housing Finance Ltd. has issued an e-auction notice for multiple residential properties in Maharashtra due to borrowers' defaults, inviting bids on an "as is where is" basis with specified reserve prices and earnest money deposits. The company highlights that successful bidders must pay 25% of the sale price immediately and the balance within 15 days, with all dues and charges pertaining to the properties to be borne by buyers. This impacts GICHFL's recovery efforts and asset quality management.