Ahmedabad Steelcraft Ltd — Important, 20-08-2026: Company Update

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**State Bank of India**

State Bank of India has taken symbolic or physical possession of a property in Chandkheda, Ahmedabad, due to a borrower's failure to repay dues. The outstanding amount is approximately 0.15 Cr. The property, identified as Flat/Bungalow/Plot Number B-103, Siddheshwari Avenue, is now under the bank's charge. This action represents the bank's ongoing efforts to recover funds from non-performing assets, and the public is cautioned against any dealings with the property.

**Ahmedabad Steel Craft Limited**

Ahmedabad Steel Craft Limited is informing shareholders that equity shares with unclaimed or unpaid dividends for seven years or more will be transferred to the Investor Education and Protection Fund (IEPF) Suspense Account. This is a mandatory compliance action. The company has sent individual letters and published details on its website. Shareholders whose shares are transferred will need to follow the prescribed procedure to claim them directly from the IEPF.

**Sammaan Capital Limited**

Sammaan Capital Limited, formerly Indiabulls Housing Finance Limited, has taken symbolic possession of an immovable property in Ahmedabad (Raw House No. 15, Krishna Duplex, Moraiya, Sanand) following borrowers' failure to repay their outstanding loan. The total amount due is approximately 0.27 Cr, including interest. The public is warned against any dealings with this property, as it remains subject to Sammaan Capital's charge.

**IDFC FIRST Bank Limited**

IDFC FIRST Bank Limited has issued notices to two sets of borrowers for their failure to meet loan obligations, resulting in their accounts being classified as Non-Performing Assets. Borrowers Sanjaybhai Makavana and Hasumatiben Makavana owe approximately 0.03 Cr, while Laxmanbhai Rabari and Radhaben Ravar owe around 0.02 Cr. The bank has requested repayment within 60 days, warning of potential possession proceedings against the mortgaged properties.

**Asset Reconstruction Company (India) Ltd. (Arcil) - E-Auction 1**

Arcil, acting as trustee for Arcil-Trust-2026-035, has announced an online e-auction for an immovable property in Surat to recover outstanding dues from borrower Vishal N Dantani. The property, Flat No. 104 in Gokulam Residency, has an outstanding amount of approximately 0.041 Cr. The reserve price is about 0.042 Cr, with an Earnest Money Deposit of 0.0042 Cr. This e-auction is a key step in Arcil's asset recovery efforts.

**Asset Reconstruction Company (India) Ltd. (Arcil) - Possession 2**

Arcil, as trustee for Arcil Retail Loan Portfolio-092-A-TRUST, has taken symbolic possession of a property in Mouje Changda, Anand, from borrowers Ganubhai Bharvad and Lilaben Ganubhai Bharvad. The total outstanding amount due is approximately 0.07 Cr. This action follows the borrowers' failure to repay their dues. The public is cautioned against dealing with the property, as it is now subject to Arcil's charge.

**Asset Reconstruction Company (India) Ltd. (Arcil) - E-Auction 2**

Arcil, as trustee for Arcil-Trust-2026-019, has announced an online e-auction for a property in Surat, Flat No. 501 in Bhaktidhara Residency, to recover outstanding dues from borrower Vipul Ramjibhai Gadhadara. The outstanding amount is approximately 0.037 Cr. The reserve price for this property is set at about 0.038 Cr, with an Earnest Money Deposit of 0.0038 Cr. This auction signifies Arcil's continued efforts in asset recovery.

**Asset Reconstruction Company (India) Ltd. (Arcil) - E-Auction 3**

Arcil, acting as trustee for Arcil-Trust-2026-019, has scheduled an online e-auction for a property in Surat, Flat No. 303 in Om Residency, to recover outstanding dues from borrower Prafulrao H Pawar. The outstanding amount is approximately 0.092 Cr. The reserve price is set at about 0.079 Cr, with an Earnest Money Deposit of 0.0079 Cr. This auction is part of Arcil's strategic initiative to recover funds from non-performing assets.

**Asset Reconstruction Company (India) Ltd. (Arcil) - E-Auction 4**

Arcil, as trustee for Arcil-Trust-2025-018, has announced an online e-auction for a property in Dudhrej, Surendranagar, to recover outstanding dues from borrower Pradyumansinh Mulubha Zala. The property includes land and a house, with an outstanding amount of approximately 0.18 Cr. The reserve price is about 0.099 Cr, and the Earnest Money Deposit is 0.0099 Cr. This auction is a strategic measure by Arcil to expedite the recovery of impaired assets.

**Muthoot Housing Finance**

Muthoot Housing Finance has taken possession of a property in Ahmedabad (Plot No. 508, Survey No. 31/1) following the failure of borrowers Jignesh Sunderji Vagadiya and Lilaben Jignesh Vagadiya to repay their outstanding loan. The amount due stands at approximately 0.33 Cr. The company emphasizes that the public should not engage in any dealings with this property, as it is now under Muthoot's charge.

**Aditya Birla Capital**

Aditya Birla Capital has taken physical possession of an immovable property in Vadodara (Flat No. 104, Shriram Avenue 2, Navapura) due to the failure of borrowers Miteshkumar Kiritbhai Patel and Jayaben Miteshkumar Patel to repay their outstanding loan. The amount due is approximately 0.055 Cr. The company warns the public not to engage in any transactions involving this property, as it is now under Aditya Birla Capital's charge.

**Indian Bank**

Indian Bank has issued a sale notice for an e-auction to recover outstanding dues from borrower Mr. Rajendrakumar Nanjibhai Gadhesariya. The property, identified as Property No. B-10/4004, Sai Darshan Tenaments, Vadodara, has an outstanding amount of approximately 0.082 Cr. The reserve price is set at about 0.08 Cr, with an Earnest Money Deposit of 0.008 Cr. This e-auction is a direct measure to liquidate defaulted collateral.

**Omkara Asset Reconstruction Private Limited - E-Auction 1**

Omkara Asset Reconstruction Private Limited has announced an e-auction for a property in Surat (Flat No. 202, Siddheshwar Residency) to recover outstanding dues from borrower Mr. Prakashbhai Kalubhai Patel. The outstanding amount is approximately 0.037 Cr. The reserve price for the property is set at about 0.03 Cr, with an Earnest Money Deposit of 0.003 Cr. This auction is a strategic move by Omkara ARC to resolve non-performing assets.

**Omkara Asset Reconstruction Private Limited - E-Auction 2**

Omkara Asset Reconstruction Private Limited has announced an e-auction for a property in Vadodara (Block No. 129/1/A) to recover outstanding dues from borrowers Kalpeshbhai Rameshbhai Darji and Naynaben Kalpeshbhai Darji. The outstanding amount for this loan is approximately 0.033 Cr. The property's reserve price is set at about 0.025 Cr, with an Earnest Money Deposit of 0.0025 Cr. This initiative aims to streamline the recovery of non-performing assets.

**The South Indian Bank Ltd.**

The South Indian Bank Ltd. has issued a sale notice for an e-auction to recover outstanding dues from borrower Shri. Varghese P.U. The property, identified as Plot No. 22/A, Vengola Village, Ernakulam, has an outstanding amount of approximately 0.23 Cr. The reserve price is set at about 0.16 Cr, with an Earnest Money Deposit of 0.016 Cr. This e-auction is a direct step by the bank to recover funds from non-performing assets.