PATSPIN INDIA LTD.

Patspin India Ltd has received a notice under Section 13(4) of the SARFAESI Act, 2002, from its banker, Central Bank of India. This action is in response to a default in the repayment of a Working Capital Term Loan. The notice pertains to the possession of the company's assets and properties. The company has made this disclosure for transparency and compliance with SEBI regulations, assuring stakeholders that it is committed to protecting their interests and will provide further updates on material developments.

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.

Patspin India Ltd has announced the closure of its trading window for designated persons, effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these results will be communicated later. This measure is standard practice to prevent insider trading during periods of sensitive financial information disclosure.

Patspin India Ltd reported audited standalone financial results for the quarter and year ended March 31, 2026. The company's revenue from operations for the year stood at ₹4652 lacs compared to ₹4733 lacs in the previous year. The company reported a net loss after tax of ₹1140 lacs for the year ended March 31, 2026, as against a net loss of ₹979 lacs in the previous year.

Patspin India Ltd's board meeting on May 26, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹1140 Lacs for the year ended March 31, 2026, and a loss of ₹280 Lacs for the quarter ended March 31, 2026. The board also approved the appointment of M/s Varma & Varma as Internal Auditors for FY 2026-27.

Patspin India Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons and their immediate relatives has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the results.

According to the disclosure submitted by GTN Textiles Ltd, the main promoter of Patspin India Ltd under Regulation 31(4) of SEBI (SAST) Regulations 2011, GTN Textiles Ltd held 46.21% equity shares of Patspin India Ltd as of March 31, 2026. Out of these, 23.57% or 72,86,405 shares were pledged in favor of Central Bank of India Consortium, which includes Central Bank of India, State Bank of India, and The Karur Vysya Bank Ltd, pursuant to an approved Resolution Plan (RP) of Patspin India Ltd.

Patspin India Ltd has disclosed a default on the repayment of principal amount on loans from banks and financial institutions. The total default amount is INR 24.37 Crore (Principal + Interest) as of 31.03.2026. The company has defaulted on loans from Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd. The total amount of outstanding borrowings from banks/ financial institutions is INR 56.67 Crore.

Patspin India Ltd, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015, has announced the closure of its trading window. The announcement was made on March 26, 2026, and was digitally signed by Veena Vishwanath Bhandary, a member of the GTN GROUP.

Patspin India Ltd, a company engaged in the yarn segment, has reported its unaudited standalone financial results for the quarter and nine months ended 31st December 2025. The company incurred a net loss of ₹ 321 lakhs and ₹ 860 lakhs for the quarter and nine months ended respectively. The company's accounts with lenders were classified as sub-standard due to irregularity in debt servicing, indicating a material uncertainty that may cast significant doubt on its ability to continue as a going concern. However, the company has submitted a new resolution plan to restructure outstanding debts with moratorium for interest and WCTL installment payments, and reduction in rate of interest, which is under consideration by the bankers.