Lakhotia Polyesters (India) Ltd — Important, 31-08-2026: Company Update

Here is the summary based on the provided documents:

**State Bank of India (DRT-I Mumbai) Sale Proclamation:**

State Bank of India has announced an e-auction of a commercial property in Pune to recover outstanding debt from Trans Tech Turnkey Private Limited and others. The office space, measuring 1539 sq. ft., has a reserve price of 1.74 Cr. The total outstanding debt to SBI is 430.17 Cr, with 102.07 Cr from DRT-I. Interested bidders must deposit 0.48 Cr as EMD, with bid increments of 0.05 Cr. This action aims to facilitate the recovery of significant dues.

**IDFC FIRST Bank Demand Notice:**

IDFC FIRST Bank has initiated recovery proceedings by issuing demand notices to three defaulting borrowers for their outstanding home and property-secured loans. The total outstanding amounts are approximately 0.26 Cr, 0.21 Cr, and 0.22 Cr, respectively. These actions target mortgaged properties located in Ambernath, Panvel, and Vasai, demonstrating the bank's efforts to manage and recover non-performing assets through legal channels.

**Kabra Extrusion Technik Limited - Corrigendum to EGM Notice:**

Kabra Extrusion Technik has issued a corrigendum to its Special General Meeting notice regarding a proposed preferential issue. Due to an original allottee's ineligibility, another investor, Mr. Rakesh Ambalal Hindocha, will now acquire 26,666 shares at the original issue price of ₹375 each. The overall size of the preferential issue remains unchanged at 141 Cr for 3,760,000 shares, ensuring the company complies with capital issuance requirements.

**Western Railway E-auction:**

Western Railway is seeking bids for an e-auction to award contracts for the operation and maintenance of Pay & Use toilet blocks across various stations in its Mumbai division. These include locations like Borivali, Dahisar, Mira Road, Bhayandar, Naigaon, Dadar, Matunga Road, Mahim, and Udhna Station. The contracts are for a three-year period, aiming to ensure public amenities are well-maintained while generating ancillary revenue.

**Lakhotia Polyestars (India) Limited - Annual General Meeting Notice:**

Lakhotia Polyestars (India) Limited has announced its Annual General Meeting (AGM) will be conducted virtually via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company will provide an e-voting facility, allowing members to participate and cast their votes remotely. This approach ensures broad shareholder engagement and adherence to current corporate governance best practices for virtual meetings.

**ICICI Bank Possession Notice:**

ICICI Bank has taken symbolic possession of two mortgaged properties in Goregaon, Mumbai, and Nagpur, following loan defaults. The outstanding demand amounts for these properties are approximately 0.23 Cr and 0.16 Cr, respectively. The bank has issued a public warning against transacting with these properties, as they are now under the bank's charge, signaling its intensified efforts to recover overdue amounts.

**Vasthu Housing Finance Corporation Limited Demand Notice:**

Vasthu Housing Finance Corporation Limited has issued demand notices to three borrowers for defaulted loans, which have now been classified as non-performing assets. The outstanding amounts are approximately 0.11 Cr, 0.19 Cr, and 0.14 Cr. The company is urging borrowers to settle their dues within 60 days to prevent further recovery actions against their mortgaged properties in Nashik and Jalgaon.