DHARAN INFRA-EPC LIMITED has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority
DHARAN · price
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Dharan Infra-EPC has disclosed defaults on loan repayments to seven lenders. The defaulted facilities include term loans from Capri Global Capital (₹10.93 cr), LIC Housing Finance (₹13.50 cr), and three facilities from Tata Capital Housing Finance (₹5.00 cr, ₹20.00 cr, and ₹20.00 cr), plus working capital facilities from Canara Bank (₹10.00 cr) and Central Bank of India (₹3.75 cr). Some defaults date back as far as June 2022 and October 2022, meaning these issues have been unresolved for nearly three years. The company's total financial indebtedness is stated at ₹58 crore. Defaults include both principal and interest components across secured term loans and revolving credit facilities.
This is a serious negative signal indicating severe financial stress and possible NPA (non-performing asset) classification by lenders. Shareholders should expect potential rating downgrades, risk of legal recovery actions by lenders, and significant dilution or wipeout risk if debt is restructured. The stock is likely to face heavy selling pressure.