Texmaco Rail & Engg. faces asset possession due to loan default.
Texmaco Rail & Engineering Limited faces asset possession by Bank of Baroda for a loan default of ₹91.42 lakh. Separately, Aditya Birla Housing Finance has taken possession of an asset due to a loan default of ₹10.65 lakh. The company also announced the dispatch of its Postal Ballot Notice.
Asset possession directly impacts the company's financial standing and operational capacity.
The company is facing asset possession due to loan defaults, which is a significant negative development.
Texmaco Rail & Engineering Limited has been notified of asset possession by Bank of Baroda due to a loan default. The borrower, M/s. Beri To Beri, with partners Mr. Kunal Singhania, Mr. Niraj Bihari Singhania, Mr. Rajat Dubey, and Mr. Abdesh Dubey, defaulted on a loan of ₹91,42,000, accrued with interest, charges, and expenses. The possession notice was issued under Rule 8 of the Security Interest (Enforcement) Rules, 2002, with the possession date set for April 21, 2026. The properties are located at 174/1/3 Aisona Bose Road, B.B. Ganguly Street, Kolkata-700040, and Flat-C, 3rd Floor, 32A, Kamarhatty Street, Barasat, Kolkata-700036.
Additionally, a separate notice indicates that Aditya Birla Housing Finance Limited has taken possession of an asset due to a loan default by borrower Mr. Mrinmoy Bala, Mr. Shyamal Bala, Ms. Pushpa Bala, and Mr. Kanchan Kumar Sarkar. The defaulted amount is ₹10,65,249.00, along with interest, charges, and expenses. The possession date for this asset is April 23, 2026. The property is described as a 364 sq. ft. (super built-up area) commercial unit on the East side of Plot No. 7, EP No. 7, RS No. 1514 (P), Village: Jagadishpur, JL No. 20, J.L. No. 8, Bapunagar Colony, PS No. 99/7, HSIIDC, DLF, Village: Udyog Vihar, Delhi.
The company also published a newspaper advertisement regarding the dispatch of the Postal Ballot Notice to its members, in compliance with relevant circulars and regulations.
What to do with a filing like this
Texmaco Rail & Engineering Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Texmaco Rail & Engineering Limited. Read the original for the full detail.