Satchmo Holdings Limited, a company listed on the Bombay Stock Exchange (BSE: 533202), has successfully completed a significant financial milestone. The company has fully discharged its liability under a One-Time Settlement (OTS) agreement with an Asset Reconstruction Company (ARC), marking a material event in its financial journey.

Settlement Details

Satchmo Holdings has paid a total of Rs. 70.00 crores to settle its obligations with the ARC, which was acting as the lender in this transaction. This payment represents the full and final settlement amount agreed upon between the two parties.

Timeline of Events

The settlement process was initiated earlier, with the company entering into the OTS agreement in August. The successful completion of this settlement, as announced on October 18, demonstrates Satchmo Holdings' commitment to resolving its financial obligations.

Regulatory Compliance

In adherence to regulatory requirements, Satchmo Holdings has classified this settlement as a material event under Regulation 30(4) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company has duly informed the stock exchange about this development, ensuring transparency with its stakeholders.

Company Background

Satchmo Holdings Limited, formerly known as NEL Holdings South Limited, is headquartered in Bangalore. The company's registered office is located at No. 110, A Wing, Level 1, Andrews Building, M.G. Road, Bangalore - 560 001.

This settlement marks a significant step for Satchmo Holdings, potentially improving its financial position and demonstrating its ability to meet substantial financial commitments. Stakeholders and market observers may view this development as a positive indicator of the company's financial management and its efforts to streamline its balance sheet.

As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions based on this or any other corporate announcement.

Satchmo Holdings Limited has successfully completed its Rs 109 crore debt settlement with an Asset Reconstruction Company (ARC), marking the full discharge of outstanding debt facilities for the company and its subsidiaries. The completion was announced on December 30, 2025, following the initial approval received in August.

Settlement Completion Details

The company has now fully discharged and settled its entire debt outstanding, including obligations of its two wholly-owned subsidiaries with the ARC. The final payment for one of the subsidiaries was completed on December 30, 2025, officially closing all outstanding obligations.

Key Milestones and Timeline

The debt settlement process progressed through several important phases:

No Dues Certificates Received

Satchmo Holdings Limited and its subsidiaries have received no dues certificates from the ARC, confirming the complete settlement of all outstanding obligations. This documentation provides formal closure to the debt restructuring process and validates the company's cleared financial standing with the asset reconstruction entity.

Financial Impact

The completion of this settlement has significantly reduced both the company's standalone and consolidated debt positions. This debt restructuring represents a major financial milestone for Satchmo Holdings, potentially improving the company's balance sheet strength and providing enhanced financial flexibility for future operations.

Regulatory Compliance

The company disclosed this completion in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Satchmo Holdings Limited, with CIN L93000KA2004PLC033412, maintains its listing on BSE under stock code 533202 and continues to fulfill all regulatory disclosure obligations.