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Kanani Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. Separately, Canara Bank has initiated recovery proceedings under the SARFAESI Act against a housing loan borrower and guarantors for a default amounting to Rs. 10 lakh, with outstanding dues of Rs. 3.43 lakh. The borrower is now classified as an NPA and must clear dues within 60 days, or the bank may take possession of a secured flat in Thane. This highlights risks related to loan defaults and asset recovery for the lender.