Prism Medico and Pharmacy Ltd

🏦 Key Financial Updates: Loan Recoveries & Fund Allocation

- Utkarsh Small Finance Bank Limited has taken possession of properties due to loan defaults, with outstanding amounts ranging from INR 4.89 lakh to INR 28.42 lakh.

- Prism Medico and Pharmacy Limited issued a corrigendum for its Extraordinary General Meeting, clarifying use of funds from a preferential issue: INR 15.69 crore for plant machinery, INR 7.31 crore for civil structures, and INR 1 crore each for land purchase and general corporate purposes.

- India Shelter Finance Corporation Ltd. issued multiple possession notices for properties in Rajasthan, with outstanding dues between INR 3.32 lakh and INR 20.21 lakh, and announced an auction for one property.

- DBS Bank India Limited took possession of a property in Delhi owned by Reena Amarpuri for an outstanding amount of INR 42.66 lakh.

- State Bank of India issued a recovery notice for INR 65.37 lakh against Smt. Himani Anand and Ms. An. Buildwell Pvt. Ltd.

- Canara Bank filed a recovery application for INR 23.30 lakh against Pawan Kumar.

- Aditya Birla Capital Limited took symbolic possession of industrial land in Jaipur for an outstanding amount of INR 65.76 lakh, following amalgamation with Aditya Birla Finance Ltd.

- Multiple banks and financial institutions, including IFL Home Finance and India Shelter, are enforcing SARFAESI Act provisions for loan recoveries across various states.

- Prism Medico and Pharmacy Limited published a corrigendum notice for its Extraordinary General Meeting in Jansatta (Hindi) and The Financial Express (English) newspapers.

- The notice was issued in compliance with SEBI Listing Regulations (Regulation 47) and digitally signed by Company Secretary Sameer Gupta on March 19, 2026.

- The announcement includes multiple legal and financial notices from entities like DBS Bank, State Bank of India, Aditya Birla Capital, Utkarsh Small Finance Bank, and India Shelter Finance, regarding loan defaults, asset possession, and auctions.

- Key figures mentioned include a demand for INR 737,97,637.73 from DBS Bank, a recovery certificate for INR 65,37,319 from State Bank of India, and various property possession amounts ranging from INR 499,518.38 to over INR 20 lakhs.

- Notices involve properties across locations like Delhi, Rajasthan, Haryana, and Jharkhand, with details on secured assets, auction dates (e.g., April 22, 2026), and earnest money deposits (e.g., INR 45,500).

- The document emphasizes compliance with the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, and related rules.