Harish Textile Engineers Defaults on ₹2.11 Cr NCD Principal

Harish Textile Engineers Ltd has disclosed a default on the principal repayment of its 7% Unlisted, Secured, Unrated, Redeemable, Non-Convertible Debentures (Old Series III & Series IV). The company has paid interest up to June 30, 2026, but the principal amount of ₹2.1151 Crores and subsequent interest remain unpaid due to ongoing financial constraints. The company is engaging with debenture holders through the trustee to arrange funds for payment. The total issued amount for these NCDs was ₹4.232 Crores, with Series III and IV experiencing redemption defaults. The company's total financial indebtedness stands at ₹30.25 Crores.