Entero Healthcare Solutions544122Major contract loss
Wholly owned subsidiary's customer defaults on INR 11.87 crore dues; entire amount provisioned
Vasavi Medicare Solutions, a wholly owned subsidiary, reports customer M/s. S M Pharma defaulted on invoices of INR 11.87 crore.
By ScoutQuest · · 1 min read
- Defaulted invoice amount
- INR 11.87 crore
- Provision made
- provision for the entire outstanding amount in its books
- Max consolidated impact
- maximum impact on consolidated financials is INR 11.87 crore
What happened
- Vasavi Medicare Solutions Private Limited, a wholly owned subsidiary of Entero Healthcare Solutions, has unpaid dues from its customer M/s. S M Pharma, a partnership firm.
- The customer defaulted on invoices raised by Vasavi aggregating to INR 11.87 crore.
- Vasavi has received information indicating a risk to the recoverability of these dues.
How it is being treated in the accounts
- Vasavi has made a provision for the entire outstanding amount in its books of account.
- The company states the maximum impact on the consolidated financial statements is INR 11.87 crore.
Next step
- Vasavi is initiating appropriate legal proceedings against the customer for recovery of the outstanding dues.
What this means for a retail investor
- A provision means the subsidiary has already set aside this amount in its books as a likely loss, so the hit is recognised in the accounts rather than left open.
- The company describes INR 11.87 crore as the maximum impact on the consolidated financial statements, which puts a stated ceiling on the damage from this event.
- The recovery effort is moving to legal proceedings against the customer.
The figure to remember
- INR 11.87 crore is the amount of defaulted invoices, the amount provided for, and the stated maximum consolidated impact of the event.
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More numbers
- Amount involved in the customer defaultINR 11.87 crore
- Maximum impact on consolidated financial statementsINR 11.87 crore
Source: BSE · 4 Nov 2026
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