Banks serve possession notice over 17,600 sq m land in Bhuj

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

ASTRON · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.1%Reaction day

₹12.34

prior close

₹11.95

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.8% vs market

On the reaction day the stock moved 2.8 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

+0.0

10m

+0.4

15m

+0.4

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.1-0.3-2.8

Next day

-7.4-0.5-6.8

-9.2-0.3-8.9

-14.7+0.4-15.0

-12.6-0.2-12.4

-16.3-1.3-15.0

-12.5+0.2-12.7

15d

-11.6+2.0-13.6

-21.8+0.4-22.2

-50.6-6.5-44.1

-51.1-3.1-47.9

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Union Bank's recovery branch, acting for Axis Bank, ICICI Bank, Bank of Maharashtra and State Bank of Mauritius, served a possession notice dated 25 September 2025. It covers 17,600 square metres of land at Survey No. 64/1, Chubadak, Bhuj, Kutch. The company is evaluating the consequences and taking legal advice.

Likely market impact

Secured banks are taking possession of a company asset, raising the risk of asset loss and financial pressure. The financial impact is not yet known.