Woodsvilla Ltd — Important, 05-09-2025: Company Update

ICICI Bank has announced it has taken physical possession of an immovable property belonging to Sadbhav Engineering Limited. This action follows the borrower's failure to repay an outstanding amount of approximately ₹7.31 crore, along with further interest and charges. This strategic move is part of the bank's ongoing efforts to recover its secured assets, ensuring robust credit management and addressing non-performing loans for its stakeholders.