StockWatch
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Iron & Steel Products
Business Update7 Aug 2026, 04:25 pm

Cosmic CRF Ltd Pays ₹31.60 Cr, Issues BG for ₹28.40 Cr

AI Summary

Cosmic CRF Ltd has informed the stock exchange about significant financial transactions related to the Corporate Insolvency Resolution Process (CIRP) of M/s Amzen Transportation Industries Private Limited. The company has deposited ₹31.60 Crores via RTGS on August 6, 2026, as payment for Secured Financial Creditors (UCO Bank & Prudent ARC). Additionally, a Bank Guarantee (BG) for ₹28.40 Crores was issued on August 7, 2026, serving as Performance Security Deposit. These payments and issuances total ₹60 Crores, fulfilling the security deposit requirements as per the Letter of Intent (LOI) dated July 30, 2026, received from the Resolution Professional.

Key Highlights

  • Cosmic CRF Ltd made a payment of ₹31.60 Cr to secured creditors.
  • Issued a Bank Guarantee of ₹28.40 Cr as performance security.
  • Total security deposit of ₹60 Cr made as per LOI.
  • Transactions are related to the CIRP of Amzen Transportation Industries.