This is to inform you that State Bank of India, Mumbai 400005, has taken the physical possession of Premises owned by PAE Limited (Borrower/Guarantors/Directors) located at Unit No. 1/B, Ground Floor, Gold Coin Premises Co-op. Society Ltd., Pt. M. M. Malviya Road, Tardeo, Mumbai 400034 which was charged against borrowing by the Company amounting to Rs.20,27,96,513.82 w.e.f. 17.3.2018 due to default in repayment of aforesaid monies borrowed along with interest under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
Submitted for information in terms of SEBI (LODR) Regulations, 2015.
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