Satin Creditcare Network Limited , a prominent player in the financial services sector, has made a significant move to manage its stressed assets portfolio. The company's Working Committee of Board of Directors has approved the sale of stressed financial assets valued at INR 265.79 crore to an Asset Reconstruction Company (ARC) for a consideration of INR 86.14 crore.

Transaction Details

The transaction, conducted through an Open Bid Method, represents a recovery of approximately 32.00% of the outstanding amount. The stressed assets package includes both principal and interest accrued as of August 31. This strategic decision aims to clean up the company's balance sheet and improve its financial health.

Regulatory Compliance

In adherence to regulatory requirements, Satin Creditcare Network Limited disclosed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Company Secretary & Chief Compliance Officer, Vikas Gupta, officially communicated this development to both the National Stock Exchange of India Ltd. and BSE Limited on September 26.

Trading Window Closure

In a separate but related announcement, Satin Creditcare Network Limited also informed about the closure of its trading window. As per the company's Code of Conduct and SEBI regulations:

• The trading window for dealing in the company's securities will be closed for all Designated Persons and their immediate relatives from October 1.
• The closure will remain in effect until 48 hours after the announcement of the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30.
• This measure is taken to prevent insider trading and ensure fair market practices.

Implications

The sale of stressed assets is a strategic move that could potentially:

• Improve the company's asset quality
• Enhance liquidity
• Strengthen the balance sheet

Investors and market watchers will likely keep a close eye on how this transaction impacts Satin Creditcare Network's financial performance in the upcoming quarters.

As the company prepares to announce its financial results for the quarter ending September 30, the market will be keen to see how this asset sale reflects in the company's financial statements and overall business strategy.

Satin Creditcare Network Limited (SCNL) has announced the successful incorporation of its wholly owned subsidiary, Satin Growth Alternatives Limited, marking a significant development for the company. The incorporation was completed on August 27, 2025, following approval from the Ministry of Corporate Affairs.

Key Details of the Incorporation

• Subsidiary Name: Satin Growth Alternatives Limited
• Date of Incorporation: August 27, 2025
• Nature: Wholly owned subsidiary of Satin Creditcare Network Limited
• Regulatory Approval: Certificate of Incorporation issued by the Ministry of Corporate Affairs

Regulatory Compliance

SCNL has demonstrated its commitment to regulatory compliance throughout the incorporation process:

• The company submitted the required regulatory details to stock exchanges on July 23, 2025, in line with Regulation 30 of the SEBI Listing Regulations.
• The incorporation follows an earlier intimation provided to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding the subsidiary formation.

Market Information

This strategic move by Satin Creditcare Network Limited to establish Satin Growth Alternatives Limited as a wholly owned subsidiary may indicate the company's plans for expansion or diversification. However, specific details about the new subsidiary's operations or objectives have not been disclosed in the current announcement.

The timely disclosure of this corporate action aligns with SCNL's obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for investors and stakeholders.

As the financial services sector continues to evolve, the incorporation of Satin Growth Alternatives Limited could potentially open new avenues for Satin Creditcare Network Limited in the future.