Satchmo Holdings Completes Rs 109 Crore Debt Settlement with ARC
Satchmo Holdings Limited has successfully completed its comprehensive Rs 109 crore debt settlement with an Asset Reconstruction Company, marking the full discharge of outstanding obligations for both the parent company and its two wholly-owned subsidiaries. The settlement, which was initially approved in August 2025, reached final completion on December 30, 2025, with the company receiving no dues certificates that formally confirm the closure of all debt obligations and significantly reduce both standalone and consolidated debt positions.
25Jul 25
Satchmo Holdings Reports Rs 261 Lakh Loss in Q1, Exits Real Estate Projects
Satchmo Holdings Limited reported a consolidated net loss of Rs 261.00 lakhs for Q1 FY24, compared to a profit of Rs 2,935.00 lakhs in Q1 FY23. Revenue from operations declined to Rs 13.00 lakhs from Rs 183.00 lakhs year-on-year. The company is exiting residential real estate projects, focusing on service business segments. It's negotiating debt restructuring with JC Flowers ARC and HDFC Limited. JC Flowers ARC has initiated insolvency proceedings against Satchmo Holdings for dues of Rs 38,595.00 lakhs, with the NCLT hearing scheduled for July 24. Auditors have raised concerns about the company's ability to continue as a going concern.