Cerebra Integrated Technologies Limited has received an e-auction sale notice from Canara Bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The notice was received on January 23, 2026, marking an escalation in the bank's recovery proceedings against the company.

Regulatory Disclosure Details

The company has informed stock exchanges about receiving the e-auction sale notice under Section 13(4) of the SARFAESI Act from Canara Bank, which serves as a secured lender to the company. This disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Timeline

The current e-auction notice represents a continuation of earlier proceedings, as the company had previously issued an intimation dated July 15, 2025. This suggests that the matter has progressed from the initial demand notice stage to the auction phase under the SARFAESI framework.

Company Response and Compliance

Cerebra Integrated Technologies has fulfilled its disclosure obligations by promptly informing both BSE Limited and National Stock Exchange of India Limited about this development. The communication was signed by Vishwamurthy Phalanetra, Whole Time Director, ensuring proper corporate governance protocols were followed.

SARFAESI Act Implications

Under the SARFAESI Act, secured lenders have the authority to recover dues without court intervention by taking possession of secured assets and conducting their sale through public auction. The e-auction sale notice indicates that Canara Bank is proceeding with the enforcement of its security interest against the company's assets.

Cerebra Integrated Technologies Limited , a Bengaluru-based company, has disclosed receiving a legal notice from Canara Bank, one of its secured creditors. The notice was served at two of the company's premises, signaling potential financial challenges for the firm.

Details of the Notice

The company has reported that Canara Bank served notices at the following locations:

Company's Response

Cerebra Integrated Technologies has stated that it has initiated necessary actions to address the notice. The company made this disclosure in compliance with the materiality requirements for listed companies under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Implications

The serving of a legal notice by a secured creditor like Canara Bank may indicate financial stress or potential defaults on loan obligations. However, the exact nature of the issues and the amount involved have not been disclosed in the available information.

Management Statement

Ranganathan Venkatraman, the Managing Director of Cerebra Integrated Technologies Limited, signed off on the disclosure, affirming the company's commitment to addressing the situation.

While the company has not provided specific details about the nature of the notice or the steps being taken to resolve the issue, this development may be of interest to shareholders and market watchers. It underscores the importance of monitoring the financial health and debt management practices of listed companies.

Investors and stakeholders may want to keep a close eye on further developments and any additional disclosures from Cerebra Integrated Technologies regarding this matter.