Loan3 April 2026 at 11:31 am
Madhucon Projects Ltd. Defaults on Loan Repayment as of 31st March, 2026
AI Summary
Madhucon Projects Ltd. has disclosed defaults on payment of interest and repayment of principal amount on loans to banks and financial institutions for the quarter ended 31st March, 2026. The total default amount stands at Rs. 31.44 Crore, with no outstanding borrowings from banks or financial institutions. However, the total financial indebtedness of the listed entity, including short-term and long-term debt, is Rs. 143.10 Crore. The default is specific to loans from Punjab National Bank and OBC, secured by Madhucon Projects Limited.
Key Highlights
- Madhucon Projects Ltd. discloses defaults on loan repayment as of 31st March, 2026
- Total default amount is Rs. 31.44 Crore
- No outstanding borrowings from banks or financial institutions
- Total financial indebtedness of the listed entity is Rs. 143.10 Crore
- Default is specific to loans from Punjab National Bank and OBC