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Chandrima Mercantiles LtdImportant, 29-08-2026: Company Update

29-08-2026 | 08:14 pm

**CHANDRIMA MERCANTILES LIMITED**

Chandrima Mercantiles has informed that its 44th Annual General Meeting will be held on September 17, 2026, via video conferencing. The company's Register of Members and Share Transfer Books will close from September 10, 2026, to September 17, 2026, for the AGM. Remote e-voting will be available from September 14, 2026 (9 AM) to September 16, 2026 (5 PM), with September 10, 2026, as the cut-off date for voting eligibility. The Annual Report for FY2025-26 has been sent electronically to members.

**Aadhar Housing Finance Ltd.**

Aadhar Housing Finance has taken symbolic possession of three immovable properties due to loan defaults, following the issuance of demand notices. The properties are located in Dwarka and Vadodara, with possession dates in August 2026. The outstanding amounts for these loans total approximately 0.12 Cr, 0.16 Cr, and 0.22 Cr, respectively. The company has cautioned the public against dealing with these properties, which are now subject to AHFL's charge. This action addresses non-performing assets and protects the company's financial interests.

**Bank of Baroda**

Bank of Baroda has classified an MSME loan to HOTEL SHIVALAY and its partners as a Non-Performing Asset, with a total outstanding amount of approximately 3.17 Cr. The bank issued a demand notice for repayment within 60 days from the notice publication. This action is part of the bank's efforts to recover defaulted loans and secure its interests in the mortgaged immovable property. Additionally, the bank is inviting bids for the sale of four vehicles (two Boleros, two Swifts) with reserve prices between 0.015 Cr and 0.03 Cr, with offers due by September 19, 2026.

**K.Z. LEASING AND FINANCE LIMITED**

K.Z. Leasing and Finance will hold its 40th Annual General Meeting on September 30, 2026, at its registered office. The company has dispatched the Annual Report for FY2025-26 via email. For the purpose of the AGM, the Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026. Shareholders can exercise remote e-voting from September 27, 2026 (9 AM) until September 29, 2026 (5 PM), with the cut-off date for voting eligibility being September 23, 2026.

**Indian Bank**

Indian Bank has announced an e-auction on September 16, 2026, to sell multiple immovable properties nationwide. These properties, located in Valsad, Vadodara, and Surat, are secured assets from various loan defaults. The auction aims to recover overdue amounts totaling approximately 1.41 Cr. Properties include flats and plots, with individual reserve prices ranging from about 0.04 Cr to 0.45 Cr. The sale will be conducted on an "as is where is" basis, representing the bank's strategy to address non-performing assets.

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