Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015-Information of the Subsidiary Company (Jet Inks Private Limited) Moving out of the Non Performing Assets (NPA) Category
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Aztec Fluids & Machinery Ltd informed BSE that its subsidiary, Jet Inks Private Limited, has been regularised and moved out of the Non-Performing Asset (NPA) category by ICICI Bank, effective 9th March 2026. The subsidiary was originally tagged as NPA on 1st August 2025 due to non-renewal of personal guarantees by the erstwhile promoters of Jet Inks, and not because of any payment defaults by the company. The company clarifies that the NPA classification was procedural and technical in nature, linked to documentation lapses rather than financial stress. With the bank's confirmation, the prior NPA tag is now considered null and void.
This is a positive development for shareholders as it removes a credit-related overhang on the subsidiary and the parent group. The clarification that the NPA was procedural and not due to defaults should help reduce perceived risk, though investors may want to monitor how the subsidiary's banking arrangements stabilise going forward.