Default6 Jul 2026, 05:30 pm
Patspin India Defaults on ₹29.33 Cr Loan Payments
AI Summary
Patspin India Ltd has disclosed defaults on loan payments totaling ₹29.33 crore, comprising ₹20.00 crore in principal and ₹9.33 crore in interest. The defaults are related to financial facilities, including cash credit, from lenders such as Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd. The total outstanding borrowings from banks and financial institutions stand at ₹56.67 crore. This disclosure is made in compliance with SEBI regulations.
Key Highlights
- Patspin India defaults on ₹29.33 crore in loan payments.
- Principal default amounts to ₹20.00 crore, interest to ₹9.33 crore.
- Lenders include Central Bank of India, SBI, and Karur Vysya Bank.
- Total outstanding borrowings from financial institutions are ₹56.67 crore.
- Disclosure made as per SEBI circular dated November 21, 2019.
Price Impact
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