SMC Credits Ltd — Updates, 01-06-2025: Company Update

SMC Credits Ltd. has announced a board meeting to consider the financial results for the quarter and half-year ended 31st March 2025. Several banks and financial institutions have taken possession or initiated sale of immovable properties from borrowers due to non-payment of dues, including Tata Capital Housing Finance, AU Small Finance Bank, Canara Bank, Aditya Birla Capital, and Shivalik Small Finance Bank. These actions involve properties across various locations with outstanding loan amounts ranging from lakhs to crores. Separately, Sai Industries Limited reported a net loss of Rs. 1.53 lakh for the quarter ended March 31, 2025, with total income of Rs. 24.72 lakh, reflecting a modest operational scale and ongoing financial challenges.