SARFAESI notice received, clarification on disclosure timing
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company received a Notice under Section 13(2) of the SARFAESI Act, 2002, which is typically issued by lenders to recover dues by enforcing security interest on a defaulting borrower. Management became aware of the notice on 9 July 2026 and made the original disclosure to the stock exchange on 10 July 2026, within the 24-hour timeline required under SEBI rules. This current filing provides additional clarification only on the timing of the original disclosure. All other details from the 10 July 2026 announcement remain unchanged.
SARFAESI notice signals lender action over unpaid dues, hinting at financial stress. Investors should watch for further updates on the underlying default.