Eiko Lifesciences Disputes ₹58 Lakhs Claim from IDBI Bank

Eiko Lifesciences Ltd has received communications and recovery proceedings from IDBI Bank Limited concerning an alleged corporate guarantee of ₹58 lakhs issued by its erstwhile entity, Narendra Investments (Delhi) Limited, in 1986. The company disputes the claim, stating it has neither admitted nor acknowledged any liability. Eiko Lifesciences has initiated legal steps and is pursuing all available remedies. Management believes the matter will not have a material financial impact on the company's operations based on current facts and legal position.