Piccadily Sugar & Allied Industries Ltd — Important, 09-09-2025: Company Update

Edelweiss Asset Reconstruction Company (EARC) has announced an e-auction on September 26 for secured assets previously assigned by Varthana Finance. The auction aims to recover outstanding dues of 1.20 Cr from M/s Modern Public School, with a reserve price of 0.80 Cr. Separately, DCB Bank has taken possession of a property in Ludhiana following a borrower's failure to repay, where the outstanding amount was 1.05 Cr. Both instances highlight proactive efforts by financial entities to recover non-performing assets, underscoring ongoing asset quality management.