AEONX Digital Technology Ltd. has announced a physical possession of a mortgaged property due to non-payment of Rs. 1.05 crore plus interest by the borrowers.

The property, an injection molding machine and other related assets, are located in a manufacturing facility.

The bank cautions the public against dealings with this asset, as it remains under the bank’s charge for the outstanding loan.

This development may affect the company’s asset base and creditor relations, signaling financial stress related to secured borrowings.