PTC India Financial Services Limited has informed the Exchange regarding 'Update on Investors Call held on 10th May 2025'.
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Awaiting price reaction for this filing.
PTC India Financial Services has received the full principal of ₹125 crore under the approved resolution plan for NSL Nagapatnam Power & Infratech Private Limited, following the NCLT judgment. NSL had been classified as a non-performing asset (NPA) since March 2017, and the recovery marks full repayment of the original loan amount. The update follows the company's quarterly investors call held on 10th May 2025, where management had indicated that the NCLT judgment was expected in the coming weeks. This is treated as an ordinary-course-of-business recovery for the company.
Positive for shareholders as it removes a long-standing stressed asset (NPA since 2017) from the books and improves asset quality, though no interest or additional returns beyond principal have been mentioned.