Gala Precision Engineering Limited — Others, 06-08-2025: Copy of Newspaper Publication

GIC Housing Finance and Phoenix ARC Private Limited have announced e-auctions for several mortgaged properties to recover outstanding dues from defaulting borrowers. GIC Housing Finance will auction 3 properties to recover approximately Rs 0.97 Cr in outstanding dues, with a combined reserve price of about Rs 0.62 Cr. Phoenix ARC will auction 9 properties aiming to recover approximately Rs 1.30 Cr, with a combined reserve price of about Rs 0.55 Cr. These auctions are part of their ongoing efforts to address non-performing assets and strengthen their financial position.