Loan default disclosure for Q2 FY27: current default Nil; total financial indebtedness Rs 130.68 crore

Madhucon Projects has shared its quarterly disclosure of defaults on payment of interest / repayment of principal on loans to banks and financial institutions for the quarter ended 30 September 2026 (amounts in Rs/Cr).

Tue 6 Oct 2026

Current default amount

Principal Nil, Interest Nil, Other Nil

Total outstanding borrowings (Fund Based) from Banks / FIs / Other…

Nil

Total financial indebtedness incl. short-term and long-term debt…

Rs 130.68 crore

Madhucon Projects Limited has shared its disclosure of defaults on payment of interest / repayment of principal amount on loans to banks and financial institutions for the quarter ended 30 September 2026. The tables are in the format prescribed for listed entities, and all amounts in them are stated in Rs/Cr.

What the disclosure shows

• Current default amount for the quarter: Principal Nil, Interest Nil, Other Nil
• Total amount of outstanding borrowings from Banks / financial institutions / Other Lenders (Fund Based): Nil
• Total financial indebtedness of the listed entity including short-term and long-term debt (including Non Fund Based): Rs 130.68 crore
• Loans / revolving facilities like cash credit from banks / financial institutions: total amount outstanding as on date Nil, and amount of default as on date Nil
• Unlisted debt securities (NCDs and NCRPS): total amount outstanding as on date Nil, and amount of default as on date Nil

The lender named in the annexure

• Name of the Bank: OBC/Punjab National Bank
• Security: Secured
• Nature of obligation: Fund & Non-Fund
• Date of default as shown: 30-09-2026

The letter is signed by the Company Secretary & Compliance Officer, and the annexure by the Director cum CFO.

What this means for a retail reader

The update separates two different things. One is the default position for the quarter ended 30 September 2026 — every line of that table reads Nil, for principal, interest and other amounts. The other is the size of the company's overall debt — total financial indebtedness including short-term and long-term debt (including Non Fund Based) is Rs 130.68 crore, and the total outstanding borrowings from Banks / financial institutions / Other Lenders (Fund Based) is stated as Nil.

So the quantitative takeaways are the Nil current default amount for the quarter and the total financial indebtedness figure of Rs 130.68 crore. The annexure also identifies OBC/Punjab National Bank as a lender and marks that obligation as secured.

How to read a disclosure like this

• It is a periodic exchange update that states the default position for the quarter along with the entity's overall financial indebtedness.
• The default amounts and the indebtedness amount are different measures; the first is what fell due and was not paid in the quarter, the second is the total debt on the books.
• The annexure gives the lender name and whether the obligation is secured, which helps in understanding the nature of the borrowing.

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