Caspian Corporate Services Ltd — Updates, 17-06-2025: Company Update

Caspian Corporate Services Limited has announced the completion of dispatch of Postal Ballot notices via e-mail to shareholders for approval of appointing Ms. Janki Vaibhay Kumar Shah and Mr. Trivedh as Independent Directors. E-voting will run from June 20 to July 19, with the results announced by July 24. The process aims to strengthen the Board’s independence, supporting governance and stakeholder confidence.

Smfg India Credit Company Limited, Shivalik Small Finance Bank, Axis Bank, IDBI Bank, Kotak Mahindra Bank, and SBFC Finance have issued multiple demand and possession notices related to non-performing loans secured by immovable properties or pledged gold ornaments. These institutions have initiated auction or recovery proceedings against borrowers who have defaulted, emphasizing secured creditor rights to recover outstanding dues with interest. Borrowers are urged to clear liabilities promptly to avoid asset seizure or legal action.