EL CID Investments Ltd — Updates, 30-05-2025: Company Update

Elcid Investments Limited has announced a board meeting to consider the financial results for the quarter and half-year. Separately, GIC Housing Finance Ltd (GICHFL) has issued a public notice for an e-auction of multiple secured properties on an “as is where is” basis via the portal bankauctions.in. Bidders must register online, submit Earnest Money Deposit at 10% of reserve prices, and follow auction terms. The successful bidder must pay 25% of the sale price immediately (adjusting the EMD) and the balance within 15 days, or risk forfeiture. The auction offers an opportunity for investors interested in distressed asset acquisition.