As a specialised practice of SAFIRE Capital Advisors, REKAST guides businesses facing financial difficulty towards rehabilitation and a resilient foundation for long-term success.
The REKAST team is strongly placed to provide stressed asset and special situations advisory, helping businesses convert financial distress into a structured path toward stability and growth.
The REKAST team works with promoters, management teams, lenders, and investors to achieve desired strategic objectives embedded in a mutually agreed and documented turnaround plan.
Identifying the real, underlying causes of financial distress before prescribing a course of action.
Working across debt, equity and asset structures to find the combination that fits each situation.
Carrying the plan through from diagnosis and negotiation to resolution, not handing it off midway.
REKAST strives to act on financial stress at the earliest possibility, thereby giving businesses room to properly plan and negotiate a restructuring plan on superior terms, without undue panic and unnecessary compromise.
REKAST strives to move the needle from post-default resolution to pre-default action for turnaround and optimisation — diagnosing the root causes of impending financial distress and acting decisively at the first signs of latent stress, before SMA-1, SMA-2 status and well before NPA classification.
Even after an entity is classified as a Non-Performing Asset, REKAST can assist promoters to plan and execute a turnaround in a pre-IBC scenario.
REKAST helps promoters evaluate lawful options, including settlement and withdrawal under Section 12A. For MSMEs, the Pre-Packaged Insolvency (PPIRP) route can be explored.
Structuring and negotiating One-Time Settlements where legacy debt is unserviceable, but the business can continue on a settled balance sheet.
REKAST comes to the table with the required capabilities and track record, deployed individually or in combination, as each situation demands.
Strategic partner / turnaround funds
Slump sale & non-core asset monetisation
From revival plan formulation to lender negotiations and capital raising, REKAST handholds the process from diagnosis to resolution — an integrated approach across the debt restructuring process.
Rapid triage of financial and operational stress.
Cash flow stabilisation and liquidity planning.
Turnaround roadmap and facilitation of TEV study and valuers' engagement.
Rating agency engagement, lender and investor negotiations.
Undertake approved actions while achieving targeted milestones.
Strategic divestment for NPA resolution
Advised Tratec on the sale of the Civil Trailers Division to TII Group, Germany, concurrent to debt paydown with lenders. The company later re-entered the Civil Trailers segment after the non-compete period ended.
Outcome: Strategic acquirer roped in · NPA resolved through debt reduction · Business rebuilt with surplus liquidity.
Untangling a group structure admitted under IBC
Resolution of three inter-linked group entities under IBC was stalled by crossholdings across the holding, operating and subsidiary companies. The team untangled the structure, negotiated settlements and arranged special situation funding.
Outcome: Group-wide resolution across three linked entities.
One-Time Settlement of bank debt
The team structured and negotiated a One-Time Settlement of the company's bank debt under a staggered payout schedule. A non-core land parcel held as collateral was released for sale; the proceeds part-funded the OTS and funded the revival.
Outcome: Bank debt settled under a structured payout · Operations revived.
Recast and settlement with two nationalised banks
The team structured and negotiated a debt recast with the lead bank while negotiating an OTS with a consortium lender where the account was NPA. A non-core land parcel held as collateral was released for sale, with the proceeds used to pay down residual debt and fund the revival.
Outcome: Debt recast with lead bank · OTS with consortium lender · Operations revived.