Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ansal Housing Limited has disclosed a default on loan repayment as of 31st March 2025, filed with BSE on 1st May 2025. The default is on a project funding facility from Suraksha Asset Reconstruction Private Limited (acting as trustee of Suraksha ARC-034 Trust), where the company has failed to repay Rs. 23.50 crore of principal (no interest default). The original facility was Rs. 169 crore at 14% per annum, secured, with monthly instalments due till 31st December 2026. The total outstanding borrowings from banks and financial institutions stand at Rs. 239.40 crore, while total financial indebtedness is Rs. 294.82 crore.
This default signals serious financial stress at Ansal Housing and raises red flags for shareholders. With defaults overdue beyond 30 days and involvement of an Asset Reconstruction Company (which typically takes over stressed loans), the company's liquidity position appears weak and could negatively affect stock sentiment and future borrowing ability.