Delays in Payment7 April 2026 at 12:24 pm
Harish Textile Engineers Delays Payment of Interest on Unlisted NCDs
AI Summary
Harish Textile Engineers Ltd. has delayed the payment of interest on its Unlisted, Secured, Unrated, Redeemable Non-Convertible Debentures (NCDs) Series-III and Series-IV. The company has made the interest payment up to 31st December 2025 on 4th April 2026. However, the redemption amount and further interest for the period from 1st January 2026 to 31st March 2026 remain outstanding. The company is engaging with the Debenture Trustee and the NCD holders for resolution. The delayed payment is due to liquidity constraints faced by the company.
Key Highlights
- Harish Textile Engineers Ltd. delays interest payment on Unlisted NCDs Series-III and Series-IV.
- The company has made interest payments up to 31st December 2025 on 4th April 2026.
- The redemption amount and further interest for the period from 1st January 2026 to 31st March 2026 remain unpaid.
- The delay is due to liquidity constraints faced by the company.
- The company is engaging with the Debenture Trustee and the NCD holders for resolution.