Simmonds Marshall Ltd — Important, 21-08-2026: Company Update

Axis Bank, Federal Bank, and Indian Overseas Bank are actively recovering outstanding dues through property actions. Axis Bank is auctioning 18 properties with total reserved prices of approximately ₹2.74 Crore. Federal Bank will auction two commercial properties with a combined reserved price of ₹1.36 Crore, against over ₹4.46 Crore in dues. Indian Overseas Bank has taken possession of a residential flat to recover ₹0.34 Crore. These steps highlight the banks' ongoing efforts to manage and recover non-performing assets, which is a key aspect for their financial health.