Foundry Fuel Products Ltd — Important, 06-11-2025: Company Update

Authum Investment & Infrastructure Limited has initiated e-auctions to recover dues from defaulting borrowers by selling several mortgaged properties. The company aims to liquidate assets including residential flats and land to reduce its non-performing assets. These e-auctions involve properties with total outstanding dues ranging from approximately 0.74 Crore to 1.79 Crore. The reserve prices for these assets are set between approximately 0.30 Crore and 1.05 Crore, with varying earnest money deposits. This proactive step should help strengthen the company's financial position by recovering locked capital.