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 received approval for a significant one-time settlement (OTS) of its outstanding debt facilities from an Asset Reconstruction Company (ARC). The company's Board of Directors accepted the settlement terms on August 5, 2025, marking a crucial step towards reducing the firm's consolidated debt.

Settlement Details

The one-time settlement involves an aggregate amount of Rs 109.00 crores, structured as follows:

Key Points of the Settlement

• Approval Date: The ARC provided the approval letter on August 4, 2025.
• Board Acceptance: Satchmo Holdings' Board considered and accepted the OTS terms on August 5, 2025.
• Payment Deadline: The settlement amount is to be paid on or before September 30, 2025.
• Purpose: The company opted for this settlement to resolve its entire loan outstanding with the ARC and reduce consolidated debt in its subsidiaries.

Regulatory Compliance

Satchmo Holdings Limited disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided details as per SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Background

Satchmo Holdings Limited, formerly known as NEL Holdings South Limited, is listed on the Bombay Stock Exchange. The company is registered under CIN: L93000KA2004PLC033412 and has its registered office in Bangalore.

This debt settlement represents a significant financial restructuring for Satchmo Holdings and its subsidiaries, potentially improving the company's balance sheet and financial flexibility.