Machinary for auction Pattazhi Kollam 5 lakh Canara Bank

This auction features a valuable lot of scrap, plant, and machinery located in Pattazhi, Kollam, Kerala. The assets belong to M/s Asian Agro Foods and are being sold by Canara Bank under the SARFAESI Act. This is an excellent opportunity to acquire industrial machinery at a competitive price. The reserve price for this lot is ₹5,29,000 with an Earnest Money Deposit (EMD) of ₹52,900. All interested parties are encouraged to review the detailed inventory and inspection guidelines provided by the bank.

Canara Bank is conducting an online SARFAESI auction for scrap, plant, and machinery assets formerly belonging to M/s Asian Agro Foods. The auction will take place on November 27, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹5,29,000, with an EMD of ₹52,900 required to participate. This is a timed online auction, and prospective bidders must complete their registration and EMD payment prior to the auction start. Please refer to Canara Bank's official auction portal for complete terms, conditions, and asset details.

The auction presents a calculated opportunity due to the industrial machinary's potential utility and the relatively low reserve price. However, the limited information and industrial-specific nature of the asset require careful due diligence. The location in Pattazhi, Kollam, Kerala, may present both logistical advantages and market-specific challenges.