Satin Creditcare Network Limited has informed the Exchange regarding "Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015"
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Satin Creditcare Network's Working Committee of the Board has approved the sale of stressed financial assets with a total outstanding value of ₹265.79 crore (principal plus accrued interest as of August 31, 2025) to an Asset Reconstruction Company. The sale was conducted through the Open Bid Method, and the company will receive ₹86.14 crore in consideration. This implies a haircut of roughly 67.6% on the book value of these assets. The transaction is part of the NBFC's effort to clean up its stressed portfolio.
The sale will likely result in a one-time loss on the income statement due to the steep discount, but it helps the company shed non-performing assets, improve its asset quality ratios, and free up provisioning in upcoming quarters. For shareholders, the short-term earnings will take a hit, though the long-term balance sheet should look healthier.