Default30 May 2026, 03:52 pm
Ansal Housing Defaults on ₹66.6 Cr Principal Payment
AI Summary
Ansal Housing Ltd. disclosed a default on a principal payment of ₹66.60 crore to Suraksha Asset Reconstruction Private Limited, acting as Trustee of Suraksha ARC-034 Trust. The default occurred on May 30, 2026, related to project funding. The total outstanding borrowing from banks/financial institutions is ₹203.51 crore, while the total financial indebtedness of the company is ₹226.12 crore. The project funding obligation has a total principal amount of ₹169.00 crore with a 14% interest rate, secured tenure with repayment in monthly installments until December 31, 2026.
Key Highlights
- Ansal Housing defaulted on ₹66.60 Cr principal payment to Suraksha ARC.
- The default occurred on May 30, 2026, related to project funding.
- Total outstanding borrowings from banks/financial institutions: ₹203.51 Cr.
- Total financial indebtedness of Ansal Housing: ₹226.12 Cr.
- Project funding obligation: ₹169.00 Cr, 14% interest, secured tenure.
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