Loan & Debt2 Jul 2026, 06:30 pm
Harish Textile Engineers to clear NCDs by July 31, 2026
AI Summary
Harish Textile Engineers Ltd has informed the stock exchange about the outcome of a meeting of debenture holders convened by Axis Trustee Services Limited. The meeting was held on July 2, 2026, to discuss the delay in redemption of 7% Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (Old Series III & Series IV). The company assured debenture holders that full payment of the outstanding principal and accrued interest will be made by July 31, 2026. This disclosure is part of the company's ongoing obligations regarding its unlisted debt securities.
Key Highlights
- Company to make full payment of NCD principal and interest by July 31, 2026.
- Meeting held with debenture holders regarding redemption delay.
- Disclosure made as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Concerns addressed regarding 7% Secured, Unlisted NCDs (Old Series III & IV).
Price Impact
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