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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ansal Housing Limited has disclosed a default on repayment of principal amount of Rs. 61.82 Crores as of 31st March 2026. The default relates to a Project Funding loan of Rs. 169.00 Crore originally taken from lenders, which has been acquired by Suraksha Asset Reconstruction Private Limited (acting as Trustee of Suraksha ARC-034 Trust). The loan carries an interest rate of 14% per annum and is secured in nature, with repayment structured in monthly instalments till 31st December 2026. The company's total outstanding borrowings from banks/financial institutions stand at Rs. 206.43 Crore, while total financial indebtedness is Rs. 230.93 Crore.
This is a significant negative development indicating financial distress. The default on principal repayment signals inability to service debt obligations and may lead to further creditor actions, potential rating downgrades, and increased regulatory scrutiny. Shareholders should be cautious as the company's debt burden and default history pose substantial risk.