Default30 Jun 2026, 06:40 pm
Harish Textile Engineers Defaults on NCD Principal Redemption
AI Summary
Harish Textile Engineers Ltd has provided an update on the delay/default in redemption and interest payment of its Unlisted Secured NCDs (Old Series III & Series IV). The company has paid all outstanding interest up to June 30, 2026. However, the principal redemption of ₹2.1151 Crores remains pending due to ongoing financial constraints. The company is engaging with debenture holders and seeking funds for principal repayment. The total amount issued was ₹4.232 Crores across four series, with Series III and IV facing redemption issues.
Key Highlights
- Company reports delay in principal redemption of NCDs.
- Entire outstanding interest up to June 30, 2026 has been paid.
- Principal default amount stands at ₹2.1151 Crores.
- Financial constraints cited as reason for delay.
- Company is actively seeking funds for redemption.
Price Impact
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