Aksh Optifibre faces AED 41.34 Mn demand notice from Bank of Baroda Dubai

Loan classified NPACredit & Debt View source PDF Explain this filing

AKSHOPTFBR · price

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Price reactionminutes from the announcement price · days from the prior close

-5.1%Reaction day

₹5.48

prior close

₹5.33

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-4.6% vs market

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+1.3

15m

+0.4

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-5.1-0.5-4.6

Next day

-6.8-2.0-4.8

-8.2-2.7-5.5

-5.3-1.7-3.6

-4.9-1.4-3.5

-6.6-2.8-3.7

-13.3-2.8-10.5

15d

-18.2-8.4-9.8

-12.6-9.1-3.5

+0.5-4.0+4.6

+29.0+2.6+26.4

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Aksh Optifibre received a demand notice from Bank of Baroda Dubai for AED 41.34 Million (around 96 Crore) towards encashment of a corporate guarantee. The notice relates to a loan default by its wholly owned subsidiaries AOL FZE and AOL Technologies FZE. The company is reviewing the notice and evaluating legal remedies. Financial impact could be up to the demanded amount.

Likely market impact

Negative; potential liability of about 96 Crore from subsidiary loan default may hurt financials and stock sentiment.