Announced Wed, 8 Jul · 10:47 IST
Central Bank issues SARFAESI notice to Patspin India for loan default
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹7.12
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.0-2.2-5.2+0.1-4.4-1.8————
Up moveDown movePending
AI summary
Patspin India informed BSE on July 8, 2026 that it received a notice on July 7, 2026 from Central Bank of India under Section 13(4) of the SARFAESI Act 2002, seeking possession of the company's assets and properties. The action follows a default in repayment of a Working Capital Term Loan. The disclosure was made under SEBI LODR Regulation 30.
Likely market impact
Negative for shareholders. Bank moving to seize assets over loan default, signalling serious financial stress and potential further deterioration.