Prudential Sugar Corporation Limited — Updates, 18-04-2026: Press Release

Here are the company updates:

**MIC ELECTRONICS LIMITED**

MIC Electronics issued an EGM corrigendum clarifying that the company, its promoters, and directors are not classified as willful defaulters or fraudulent borrowers after NSE observations.

**ALCHEMIST ASSET RECONSTRUCTION COMPANY LIMITED**

Alchemist ARC initiated asset recovery for 9 loan accounts acquired from SBFC Finance, issuing SARFAESI demand notices to defaulters. Total dues are approximately Rs 91.55 Lakh.

**TATA CAPITAL HOUSING FINANCE LIMITED**

Tata Capital Housing Finance has taken physical possession of 10 immovable properties from defaulting borrowers. Total outstanding amounts for these recoveries are approximately Rs 5.04 Crore.

**UGRO CAPITAL LIMITED**

UGRO Capital has issued a SARFAESI demand notice to Kishore Automobiles and guarantors for an outstanding amount of Rs 21.56 Lakh, initiating recovery action.

**PRUDENTIAL SUGAR CORPORATION LIMITED**

Prudential Sugar Corporation will hold an EGM to regularize Ms. Priyanka Rajora's appointment as a Non-Executive Independent Woman Director. Members can join via video conferencing.

**KARNATAKA BANK LTD**

Karnataka Bank has announced an e-auction of a residential property for a reserve price of Rs 1.20 Crore, aiming to recover dues of Rs 35.22 Lakh from defaulting borrowers.

**IDBI Bank Ltd.**

IDBI Bank has taken possession of an immovable property from a defaulting borrower. The outstanding amount for this recovery action is Rs 34.88 Lakh.

**STATE BANK OF INDIA**

State Bank of India has announced an e-auction of an urban residential plot with a reserve price of Rs 2.87 Crore to recover dues of Rs 47.57 Crore from Suryachakra Power.

**CAN FIN HOMES LTD**

Can Fin Homes is aggressively pursuing recoveries. It has taken possession of two properties and issued a sale notice for another, with total dues exceeding Rs 1.7 Crore from defaulters.