DC Infotech and Communication Limited — Others, 30-05-2025: Copy of Newspaper Publication

Canara Bank has flagged Samrat Gems Impex Private Limited for defaulting on credit facilities worth Rs. 52.44 Cr, with outstanding principal and interest around Rs. 44.32 Cr. The account, classified as a Non-Performing Asset since late 2023 due to irregularities, faces a 60-day repayment ultimatum. The bank may initiate possession or management takeover of secured assets, including an industrial plot in Mumbai and movable assets across sites. This development highlights increased credit risk and potential recovery steps impacting the borrower’s operations and financial stability.