Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orosil Smiths India has informed the BSE that two cheques of Rs. 5 Crore each (totalling Rs. 10 Crore) issued by buyer Mr. Sanidhya Garg were returned unpaid due to insufficient funds. This is a follow-up to an earlier intimation dated April 9, 2025. The company has engaged with the buyer, who has reaffirmed commitment to pay along with applicable interest in the near term. Management has stated it remains confident of recovering the outstanding dues and will provide further updates.
This raises concerns about the buyer's creditworthiness and the company's receivables risk. Recovery is still expected per management, but shareholders should monitor for further developments as a prolonged default could affect cash flows and may require provisions.