Mitshi India Ltd — Important, 10-09-2025: Company Update

**Indian Bank:**

Indian Bank has announced an e-auction for five mortgaged properties to recover defaulted loan amounts. The total outstanding amount on these loans is approximately ₹2.2 Cr, with a collective reserve price of about ₹1.9 Cr for the properties. This initiative aims to improve the bank's asset quality by addressing non-performing assets through recovery efforts. The e-auction is scheduled for September 24, 2025, a step towards mitigating credit risk and strengthening the bank's financial position.

**Bank of Maharashtra:**

Bank of Maharashtra has initiated recovery proceedings against a borrower who defaulted on a home loan, classifying it as a Non-Performing Asset (NPA). The bank is seeking an outstanding amount of approximately ₹65.01 lakh (₹0.65 Cr), plus interest and other charges. This public notice indicates the bank's efforts to recover dues, which is crucial for maintaining asset quality and managing credit risk. The borrower has 60 days to repay the amount.

**Piramal Capital & Housing Finance Ltd:**

Piramal Finance has announced e-auctions for four mortgaged properties to recover defaulted loan amounts. The total outstanding amount for these loans is approximately ₹68.11 lakh (₹0.68 Cr), with a collective reserve price of about ₹93.20 lakh (₹0.93 Cr). This action reflects the company's commitment to improving its asset quality by addressing non-performing assets. The e-auctions are scheduled for October 10, 2025, as part of strategic efforts to mitigate credit risk and bolster its financial health.

**Chase Bright Steel Ltd:**

Chase Bright Steel Ltd will hold its 37th Annual General Meeting (AGM) on September 24, 2025, via video conferencing. The company has announced a book closure period from September 17 to September 23, 2025, for the purpose of the AGM. Shareholders will have access to an e-voting facility from September 14 to September 16, 2025, enabling them to participate in key decisions and corporate governance.