Jauss Polymers Ltd — Important, 01-01-1970: Company Update

Bank of India has initiated recovery proceedings against defaulting borrower M/s. Sanveda Cotton Industries. A property will be e-auctioned to recover the outstanding amount of 1.21 Cr. The e-auction will proceed on an "as is where is" basis, with a reserve price set at 0.69 Cr. Interested bidders must submit an Earnest Money Deposit of 0.07 Cr. This action highlights the bank's efforts to manage non-performing assets and pursue overdue payments from secured assets.