Aksh Optifibre Limited has informed the Exchange about General Updates
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aksh Optifibre has received a notice from HDFC Bank on July 4, 2025, under Section 13(2) of the SARFAESI Act, 2002, alleging an outstanding amount of approximately Rs. 36.63 crore. Earlier, in October 2024, HDFC Bank had accepted the company's One-Time Settlement (OTS) proposal under which Aksh was to pay Rs. 25.60 crore by January 7, 2025 as full and final settlement. The company made only partial payments and had requested an extension of the deadline. The company has stated it is seeking legal advice and will take steps to protect stakeholder interests. Further updates will be shared with the exchange as the matter develops.
This is a negative development signaling financial stress and possible loan default, which could put company assets at risk of seizure under SARFAESI proceedings and may weigh on the stock price. Shareholders should watch for updates on whether the company secures additional time, restructures the debt, or faces further recovery action from the bank.