Alchemist Asset Reconstruction Company Ltd. has taken physical possession of five mortgaged properties under the SARFAESI Act, 2002. The actions follow loan defaults by multiple borrowers, including Mohan Febrication, Sri Mahalakshmi Jewellery Works, and several individuals. The properties are located across Karnataka, including locations in Haveri, Bengaluru South, and Tumkur districts. The public and borrowers are strictly cautioned against dealing with any of these seized assets.