Legal1 April 2026 at 08:27 am
Patspin India Ltd Discloses Default on Loan Repayment to Banks
AI Summary
Patspin India Ltd has disclosed a default on the repayment of principal amount on loans from banks and financial institutions. The total default amount is INR 24.37 Crore (Principal + Interest) as of 31.03.2026. The company has defaulted on loans from Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd. The total amount of outstanding borrowings from banks/ financial institutions is INR 56.67 Crore.
Key Highlights
- Patspin India Ltd has disclosed a default on the repayment of principal amount on loans from banks and financial institutions.
- The total default amount is INR 24.37 Crore (Principal + Interest) as of 31.03.2026.
- The company has defaulted on loans from Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd.
- The total amount of outstanding borrowings from banks/ financial institutions is INR 56.67 Crore.
- This disclosure is in compliance with SEBI Listing Regulation and SEBI Circular SEBI/HO/CFD/CMDL/CIR/P/2019/140 dated November 21, 2019.