CP Capital writes off ₹439.7 crore loan to Proseed Trust

CP Capital writes off ₹439.7 crore loan to Proseed Trust. The company has approved the technical write-off of an outstanding loan of ₹4,397 lakhs from Proseed Foundation Trust, without affecting its ongoing recovery proceedings. This move is for accounting clarity and does not waive legal recovery rights. The stock may react to the credit cost implication.

📊 STOCKS: $CPCL | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #LoanWriteOff