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 a project funding loan as of 31st December 2025. The default involves a principal amount of Rs. 45.46 crore owed to Suraksha Asset Reconstruction Private Limited, which acts as an ARC (Asset Reconstruction Company), typically meaning the loan was earlier classified as a non-performing asset and transferred to the ARC. The original loan was Rs. 169 crore at 14% per annum, secured, with monthly repayments originally due till December 2026. The company's total outstanding borrowings from banks and financial institutions stand at Rs. 211.81 crore, while total financial indebtedness is Rs. 236.46 crore.
This default disclosure signals serious financial stress for Ansal Housing, as the lender is an ARC rather than a traditional bank. Shareholders should view this as a negative development for the company's creditworthiness and near-term solvency, potentially weighing on the stock price.