Central Bank issues SARFAESI notice to Patspin India for loan default

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-5.8%Reaction day

₹7.12

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Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-3.7% vs market

Other Textile Products peers, median of 183sector-1.7%-4.0% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 4.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

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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.