Company discloses defaults on bank loan interest and principal repayment
Disclosure of defaults on loans from banks/financial institutions.
- Date of default
- 30.09.2026
- Total default (principal + interest)
- 34.34 Crore
- Lenders
- Central Bank of India, State Bank of India, Karur Vysya Bank Ltd
Default on bank loan dues disclosed
The company has submitted the disclosure of defaults on payment of interest and repayment of principal amount on loans from banks and financial institutions. The nature of the obligation is described as financial facilities, which includes revolving facilities such as cash credit. The date of default stated is 30.09.2026 and the disclosure was made on 07.10.2026. The lenders named are Central Bank of India, State Bank of India and Karur Vysya Bank Ltd.
Amount in default
- Principal: 23.33 Crore
- Interest: 11.01 Crore
- Total default (principal + interest): 34.34 Crore
Outstanding position
- Total amount outstanding as on date (principal): 56.67 Crore
- Total amount of outstanding borrowings from banks / financial institutions: Rs. 56.67 Crore
- Total financial indebtedness of the listed entity including short-term and long-term debt: 56.67 Crore
- Of the total amount outstanding, amount of default as on date (principal + interest): 34.34 Crore
Unlisted debt securities, that is NCDs and NCRPS, are marked NA for both the total amount outstanding and the amount of default.
Lender-wise breakup (Annexure 1, default as on 30.09.2026)
- Central Bank of India: WCTL outstanding 33,00,00,000; interest payable 6,43,85,360; principal repayment 13,58,50,000
- State Bank of India: WCTL outstanding 20,76,70,000; interest payable 4,02,98,819; principal repayment 8,55,20,000
- Karur Vysya Bank: WCTL outstanding 2,90,70,000; interest payable 53,66,249; principal repayment 1,19,70,000
- Total: WCTL outstanding 566,740,000; interest payable 11,00,50,428; principal repayment 23,33,40,000
What this disclosure tells an investor
A default disclosure is a statement of fact: the stated interest and principal amounts have not been paid by the stated date, and the company has reported this to the exchanges. The default of 34.34 Crore is reported against total outstanding borrowings of Rs. 56.67 Crore and total financial indebtedness of 56.67 Crore.
For a retail reader, the numbers to note are the size of the principal and interest in default, the three lenders involved, and the fact that both interest payment and principal repayment appear in the Annexure 1 breakup. All figures above are as printed in the update.
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More numbers
- Principal amount in default23.33 Crore
- Interest amount in default11.01 Crore
- Total default (principal + interest)34.34 Crore
- Total outstanding borrowings from banks / financial institutionsRs. 56.67 Crore
- Total financial indebtedness of the listed entity56.67 Crore
- Annexure 1 total WCTL outstanding566,740,000
- Annexure 1 total interest payable11,00,50,428
- Annexure 1 total principal repayment23,33,40,000
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