Default30 Apr 2026, 02:51 pm
Ansal Housing Defaults on ₹55.62 Cr Principal Payment
AI Summary
Ansal Housing Limited has disclosed a default on a project funding loan, failing to repay a principal amount of ₹55.62 crore to Suraksha Asset Reconstruction Private Limited. The default date was March 31, 2026. The original project funding was ₹169 crore, secured, with an interest rate of 14% p.a., due in monthly installments until December 31, 2026. The company's total outstanding borrowings from banks/financial institutions amount to ₹205.91 crore, and its total financial indebtedness, including short-term and long-term debt, is ₹230.40 crore.
Key Highlights
- Ansal Housing defaulted on ₹55.62 Cr principal payment.
- The default is on a secured project funding loan.
- Lender is Suraksha Asset Reconstruction Private Limited.
- Total outstanding borrowings from banks/FIs are ₹205.91 Cr.
- Total financial indebtedness stands at ₹230.40 Cr.