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) for a project funding loan. The default date is 31st January 2026, with a default amount of Rs. 49.64 crore (principal only, no interest). The total project funding facility was Rs. 169 crore at 14% p.a. interest rate, secured, with monthly instalments due until 31st December 2026. The company's total outstanding borrowings from banks and financial institutions stand at Rs. 208.52 crore, while total financial indebtedness (including short-term and long-term debt) is Rs. 233.12 crore.
This is a negative signal for shareholders — the loan is already with an Asset Reconstruction Company (ARC), which typically happens after a loan is classified as a non-performing asset. The Rs. 49.64 crore default raises concerns about the company's financial health and ability to service its debt obligations, and may put downward pressure on the stock.