Samtex faces Rs 437.57 crore debt recovery order

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+11.3% vs market

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On the reaction day the stock moved 11.3 pts more than Nifty Microcap 250 and 11.2 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Delhi debt recovery tribunal held Samtex, guarantor for loans taken by wholly owned subsidiary SSA International, jointly responsible to NARCL for Rs 437.57 crore. A recovery certificate and demand notice require payment within 15 days, plus 10% annual interest from 20 March 2018 and Rs 1.5 lakh costs. Asset dealings are restricted. The next hearing is 4 December 2026, and Samtex is evaluating legal options.

Likely market impact

Samtex faces a potential Rs 437.57 crore liability plus interest and costs, which could materially reduce net worth and pressure the share price.