Coral Laboratories Ltd — Important, 07-04-2026: Company Update
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**Coral Laboratories Limited**
Coral Laboratories has informed shareholders about the dispatch of postal ballot notices and remote e-voting instructions for upcoming company resolutions. Shareholders are now able to cast their votes electronically, with the e-voting facility commencing today and remaining open for several weeks. This initiative ensures a fair and transparent process for shareholder participation. The company will announce the results within two days of the e-voting period's conclusion, keeping investors updated on key decisions.
**Tata Consultancy Services Limited**
Tata Consultancy Services has issued a public notice regarding the transfer of unclaimed dividends and associated shares to the Investor Education and Protection Fund. Shareholders whose dividends have been unclaimed for seven consecutive years or more have until a specified future date to claim them. If not claimed, the company will initiate the transfer of these shares to the fund. Detailed information for claiming these funds is available on the company's website.
**Polychem Limited**
Polychem Limited has announced a special one-year window for shareholders to re-lodge transfer requests for physical shares. This is crucial for investors holding older physical securities (bought/sold before a specific past date) that previously faced processing issues. Successful transfers will result in shares being mandatorily credited in demat form, subject to a one-year lock-in. This aims to streamline the holding and trading of these securities, benefitting affected shareholders by modernizing their ownership records.
**ICICI Home Finance Company Ltd**
ICICI Home Finance is moving to a private sale for a mortgaged property after previous e-auctions were unsuccessful. The property, a flat in Boisar, is being offered for a base price of 0.05 Cr, with an outstanding loan amount of about 0.19 Cr. An interested buyer has already submitted an offer. The company invites public interest for higher bids; otherwise, it will proceed with the existing offer, aiming to recover dues on the non-performing asset.
**IDFC FIRST Bank Limited**
IDFC FIRST Bank has issued a public notice to defaulting borrowers, informing them that their loans, totaling around 0.04 Cr for one mentioned case, have been classified as non-performing assets. The bank has demanded repayment within a 60-day period. Failure to comply will lead to enforcement actions against the mortgaged property, a house in Beed, and any other assets as per recovery procedures. This aims to recover overdue funds from non-compliant accounts.
**Canara Bank (Immovable Property E-auction)**
Canara Bank is conducting e-auctions for multiple mortgaged immovable properties to recover dues from defaulting borrowers. These properties, including flats in Vile Parle, Dadar, and Santacruz, are being sold on an "as is where is" basis. The total outstanding amounts for the mentioned borrowers are approximately 4.50 Cr and 1.61 Cr, respectively, with reserve prices set for each property. This process aims to minimize the bank's non-performing assets and recover significant outstanding funds.
**Piramal Finance Ltd (Corrigendum)**
Piramal Finance has issued an important corrigendum to its previous e-auction sale notice, correcting significant errors in the published reserve prices for eight properties. This update is crucial for potential bidders, as reserve prices have been adjusted, for example, one property's price changed from 0.0188 Cr to 0.1659 Cr. This revision ensures transparency and fairness in the ongoing asset recovery process, providing accurate information for investors interested in these properties.
**Jana Small Finance Bank Limited**
Jana Small Finance Bank has taken symbolic possession of several mortgaged properties from defaulting borrowers, including land in Jalgaon and Nanded, and a flat in Nanded. The bank has issued demand notices for repayment of outstanding amounts, which range from approximately 0.04 Cr to 0.34 Cr per loan. The public is warned against any dealings with these properties, as the bank intends to proceed with further recovery actions to secure its non-performing assets.
**Canara Bank (Movable Property E-auction)**
Canara Bank is proceeding with an e-auction for a repossessed movable asset, specifically a Tata Ace HT FB BSIV vehicle, to recover outstanding loan amounts. The borrower's outstanding debt is approximately 0.0756 Cr, against which the vehicle has a reserve price of 0.012 Cr. The auction will be conducted on an "as is where is" basis, providing an opportunity for interested parties to acquire the asset while helping the bank reduce its non-performing loans.
**Union Bank of India vs Amogh Sham Padgaonkar**
Union Bank of India's debt recovery case against Amogh Sham Padgaonkar and others has been officially transferred from DRT-3 to DRT-2, Mumbai. This procedural change reflects an adjustment in judicial jurisdiction. All involved parties are now directed to appear before DRT-2 on a specified future date at 11:00 AM for the case to proceed. This ensures the timely hearing and resolution of the ongoing legal dispute, maintaining the momentum of the recovery process.
**ASREC (India) Limited vs M/s Joban Fashions Pvt. Ltd.**
ASREC (India) Limited has initiated legal proceedings against M/s Joban Fashions Pvt. Ltd. and others for debt recovery totaling approximately 6.85 Cr. Summons have been issued, requiring the defendants to show cause within 30 days and appear before DRT-II on a specified future date. Additionally, the defendants are prohibited from selling, leasing, or otherwise transferring any mortgaged or specified properties without prior approval from the tribunal, safeguarding the recovery process.
**Pix Transmission Ltd**
Pix Transmission Ltd has informed the public about applications received for duplicate share certificates. The original certificates, totaling 800 equity shares of face value ₹10 each, belonging to two shareholders, are reported lost or misplaced. The company urges anyone with a claim on these securities to contact their registered office within 15 days from the notice's publication. If no claims are received, duplicate certificates will be issued without further notice.
