Panchmahal Steel Ltd — Important, 01-09-2025: Company Update

Northern Arc Capital Ltd. will conduct e-auctions for the sale of immovable properties to recover outstanding dues from borrowers. In one case, the company seeks to recover Rs. 0.22 Cr against a reserve price of Rs. 0.21 Cr. In another instance, it aims to recover Rs. 0.26 Cr with a reserve price set at Rs. 0.29 Cr. These online auctions, held on an 'as is where is' basis, are a mechanism for the company to enforce security interests and improve its financial recovery efforts.