Tijaria Polypipes Proposes Rs 38 Cr One-Time Settlement with Bank of India

Tijaria Polypipes Limited has submitted a comprehensive One-Time Settlement (OTS) proposal of Rs 38 crore to Bank of India for full and final discharge of all liabilities across multiple accounts. The company, a long-standing partner since 2003 and national award-winning MSME, highlighted having repaid Rs 101.54 crore historically.

With Rs 12 crore already deposited (Rs 7 crore on September 10, 2024, and Rs 5 crore on February 18, 2025), the net balance of Rs 26 crore proposes Rs 2.60 crore upfront within 15 days of sanction, followed by Rs 23.40 crore in three equal monthly installments within 90 days. The proposal seeks waiver of Rs 9.52 crore Funded Interest Term Loans (FITL) as "interest-on-interest" from operational shutdown periods, noting Rs 10.11 crore under GECL 2.0 carries 100% government guarantee.

Sitapura plant assets are cited as obsolete after four years of non-operation, arguing cash settlement offers higher NPV than depreciating physical security. Upon acceptance, joint compromise applications would withdraw all pending litigations, including NCLT Jaipur case IA No. 491/JPR/2025 set for March 13, 2026 hearing.

Shares of Tijaria Polypipes Limited was last trading in BSE at Rs. 4.88 as compared to the previous close of Rs. 4.84. The total number of shares traded during the day was 13044 in over 13 trades.

The stock hit an intraday high of Rs. 5.07 and intraday low of 4.86. The net turnover during the day was Rs. 64866.00.

Source : Equity Bulls

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TijariaPolypipes INE440L01017 OTSProposal