Canara Bank issues E-auction sale notice for subsidiary's assets

Loan NpaCredit & Debt View source PDF Explain this filing

ASTRON · price

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▲ 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

+0.7%Reaction day

₹6.03

prior close

₹6.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.3% vs market

On the reaction day the stock moved 1.3 pts more 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

+2.1

10m

+0.8

15m

+2.1

30m

+2.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.7-0.6+1.3

Next day

+0.5-1.5+2.0

-0.8-1.8+1.0

+2.7-0.6+3.2

+2.5+0.8+1.7

+3.6+0.8+2.8

+2.5-0.2+2.7

15d

+0.2+1.1-0.9

-13.1-3.5-9.6

-33.5-3.2-30.3

-35.3-12.8-22.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Canara Bank has issued an E-auction sale notice dated 21 Nov 2025 for assets of Balaram Papers Private Limited, Astron Paper's wholly-owned subsidiary, under the SARFAESI Act 2002. Assets up for auction include plant and machinery and industrial land at Ganeshpura, Mehsana district. The company is evaluating legal implications and will take appropriate steps.

Likely market impact

Negative: signals loan default at subsidiary level; potential asset loss could affect consolidated earnings and shareholder value.