
Loan & Debt25 Aug 2026, 07:30 pm
Harish Textile Engineers: NCD Holders Agree to Extend Redemption Date
AI Summary
Harish Textile Engineers Ltd announced the outcome of a Non-Convertible Debenture (NCD) meeting held on August 25, 2026. The meeting, convened by Axis Trustee Services Limited, addressed the delay in redemption and interest payment for the company's 7% Secured, Unlisted, Unrated, Redeemable NCDs (Old Series III & IV). Debenture holders have agreed in principle to extend the redemption period until January 31, 2027, subject to agreed terms and conditions. The necessary procedures and documentation for this extension are currently underway. This disclosure is part of the company's ongoing obligations regarding its unlisted debt securities.
Key Highlights
- NCD holders agreed to extend redemption period to January 31, 2027.
- Extension is subject to agreed terms and conditions between parties.
- Company is processing necessary documentation for the redemption extension.
- This relates to a delay in redemption and interest payment of NCDs.
Price Impact
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