Monthly Update9 Mar 2026, 06:11 pm
Aztec Fluids' Subsidiary, Jet Inks Private Limited, Exits NPA Category
AI Summary
Aztec Fluids & Machinery Ltd. has announced that its subsidiary, Jet Inks Private Limited, has moved out of the Non Performing Assets (NPA) category. The account was previously tagged under the 'NPA Category' due to non-renewal of personal guarantee by the erstwhile promoters, leading to non-renewal of banking limits beyond the prescribed period. However, this was not due to any payment defaults by Aztec Fluids or Jet Inks. The account has been regularised as of 9th March, 2026, as per the email received from ICICI Bank.
Key Highlights
- Aztec Fluids' subsidiary, Jet Inks Private Limited, exits NPA category
- Non-renewal of personal guarantee by erstwhile promoters led to NPA tagging
- No payment defaults by Aztec Fluids or Jet Inks
- Account regularised as of 9th March, 2026
- Regulation 30 of SEBI (LODR) Regulations, 2015, and RBI prudential norms apply