Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
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Awaiting price reaction for this filing.
Ansal Housing Limited has disclosed a default on repayment of principal amount to Suraksha Asset Reconstruction Private Limited (acting as Trustee of Suraksha ARC-034 Trust) as of 31st July, 2025. The overdue principal is Rs. 28.15 crores, with no interest in default. The original facility was a secured project funding loan of Rs. 169 crores at 14% per annum, repayable in monthly instalments until 31st December, 2026. Total outstanding borrowings from banks and financial institutions stand at Rs. 220.34 crores, and total financial indebtedness is Rs. 249.08 crores. The disclosure was made under SEBI's circular requiring listed entities to report defaults beyond 30 days.
This default signals significant financial stress for Ansal Housing and is a negative event for shareholders. It may trigger further credit quality concerns, potential classification as a non-performing asset, and could affect the company's ability to raise fresh funds or service other obligations.