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, with a principal overdue of Rs. 23.49 crore as of 30th April 2025 (no interest default). The lender is Suraksha Asset Reconstruction Private Limited, an asset reconstruction company (ARC), which typically takes over stressed or non-performing assets from banks — strongly suggesting this loan was already classified as an NPA before being transferred. The total project funding facility is Rs. 169 crore, carrying a 14% per annum interest rate, with monthly repayments scheduled until December 2026. The company has total outstanding borrowings of Rs. 239.40 crore and total financial indebtedness of Rs. 294.82 crore from banks and financial institutions, highlighting a heavily leveraged balance sheet.
This is a negative signal for shareholders — the company is already in financial distress as evidenced by an ARC holding its loan and an active default. Continued defaults could trigger recovery actions by the lender, further weaken creditworthiness, and weigh on the stock price.