Default30 Jun 2026, 06:40 pm
Harish Textile Engineers Ltd Defaults on NCD Principal Payment
AI Summary
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). While the company has paid all outstanding interest due up to June 30, 2026, the principal amount of ₹2,11,50,900 remains unpaid. The default is attributed to ongoing financial constraints. The company is actively engaging with debenture holders through the Debenture Trustee to arrange funds for the principal redemption.
Key Highlights
- Default on principal repayment for NCDs (Old Series III & IV).
- Entire outstanding interest due up to June 30, 2026, has been paid.
- Principal default amount stands at ₹2,11,50,900.
- Financial constraints cited as the reason for the delay.
- Company is working to arrange funds for principal redemption.
Price Impact
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