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Syndicate Bank sanctions OTS proposal of Sudal Industries

04 Dec 2019 Evaluate

Syndicate Bank has sanctioned the One time Settlement (OTS) Proposal of Sudal Industries by accepting around Rs 33.41 crore towards the settlement of total dues of around Rs 51.66 crore calculated at MCLR + 1.25% i.e. 9.60% p.a. simple from the date from which interest is not debited to the account i.e. from (January 20, 2014 to September 30, 2019) as against the book balance of Rs 33.39 lakh plus cost of Rs 2 lakh involving write off of NIL and waiver of Rs 18.26 crore as on September 30, 2019.

Sudal Industries produces a comprehensive range of Aluminium Extrusions of custom made shapes which find applications in different areas: Automotive, Building & Construction, Electrical, Marine, Transport and Windows.

Sudal Industries Share Price

52.45 1.97 (3.90%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 438.70
Maan Aluminium 144.15
Arfin India 94.47
Manaksia Aluminium 31.35
PG Foils 216.40
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