Aksh Optifibre Limited (AKSHOPTFBR) — Announcement

📢 Key Event
Debt Recovery Tribunal quashes Union Bank's securitisation proceedings and possession notices against Aksh Optifibre.

🔄 What Changed
SARFAESI securitisation action by Union Bank of India stands completely quashed; both demand notice and possession notice have been set aside by tribunal order dated March 24, 2026.

💡 Investor Takeaway
The legal victory eliminates asset seizure risk and removes a material contingent liability, improving the company's financial and operational stability.

Aksh Optifibre's securitisation proceedings initiated by Union Bank of India under the SARFAESI Act have been quashed by the Debt Recovery Tribunal, Jaipur, on March 24, 2026. The tribunal set aside both the demand notice under Section 13(2) and possession notice under Section 13(4), eliminating the immediate threat of asset seizure. This favorable ruling resolves a material legal dispute and removes significant operational and financial risk for the company.

📄 View Original Announcement (PDF)

📊 Stock Analysis — AKSHOPTFBR ✨ Ask AI About This