Bajaj Global Ltd — Important, 05-09-2025: Company Update

Encore Asset Reconstruction Company has initiated an e-auction for an immovable property to recover outstanding dues from a defaulting borrower. As the secured creditor, the company has taken physical possession of the asset. The total outstanding amount is approximately 1.46 Cr, including future interest and costs. The property, a flat/apartment in Nagpur, has a reserve price of 1.04 Cr for the sale. This action aims to recover defaulted loans, impacting the company’s asset realization efforts, with the sale proceeding on an "as is" basis.