Aztec Fluids & Machinery Limited's subsidiary, Jet Inks Private Limited, has been classified as a Non-Performing Asset (NPA) by its bank.

This classification is due to the non-renewal of a corporate guarantee by former promoters, and notably, not because of any payment defaults by the subsidiary.

The company has clarified this is a procedural issue.

Aztec Fluids is currently assessing the situation and actively developing a resolution plan with its lenders and stakeholders.

This update highlights a key operational development for the subsidiary, with the company taking steps to address it.