No due certificate

Debt PrepaidLoan NpaCredit & Debt View source PDF Explain this filing

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

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₹9.10

prior close

₹9.49

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+0.0% vs market

Industrial Products peers, median of 292sector · industry level+0.0%+0.0% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and in line with its Industrial Products peers, 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-1.6-0.1-1.5-0.4-1.3

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15d

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-18.4+10.4-28.7+7.5-25.9

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 292Pending

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

AI summary

Baroda Extrusion Ltd has received a No Due Certificate from Brijlaxmi Leasing and Finance Limited after fully settling a secured debt of Rs. 25.51 crores (including disputed interest, penalties, and other charges). The settlement was carried out under a one-time settlement (OTS) via an MOU cum Consent Terms filed before the Debt Recovery Tribunal (DRT) on 3rd October 2024. Following full payment, the lender has released all mortgage charges on the company's fixed assets and properties, released personal guarantees of the promoters, and withdrawn all legal matters. Original security and title documents have been returned to the company and its guarantors.

Likely market impact

This is a positive development for shareholders as the company has successfully closed a long-pending legal and financial obligation, removing a significant overhang on its balance sheet. With all charges released and legal matters withdrawn, the company's assets are now fully unencumbered, improving its financial flexibility and potentially its ability to raise fresh credit.