Velox Shipping and Logistics Ltd — Important, 19-12-2025: Company Update

Bank of Baroda issued a legal notice to O2 Rise India Corporation regarding a loan default. The company's loan of 4.50 Cr, with an initial acknowledged liability of 5.25 Cr, was classified as a Non-Performing Asset (NPA) in January 2020 after defaulting on interest payments since October 2019. The current outstanding amount is 1.67 Cr, plus accrued interest and charges. The bank demands full payment within 60 days. Failure to comply will lead to the bank enforcing its rights to take possession and sell the secured assets, including plant, machinery, factory land and building, and two flats. This indicates significant financial distress and operational risk for O2 Rise India Corporation.