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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Asian Warehousing Limited has informed BSE about a delay in paying interest on its term loan and overdraft facility from Punjab National Bank. The bank issued a demand notice on August 20, 2025 for an overdue amount of Rs. 0.23 Cr as on August 19, 2025. As on September 18, 2025, the total overdue has reduced to Rs. 0.14 Cr (Term Loan 1 principal Rs. 0.03 Cr + interest Rs. 0.03 Cr; Term Loan 2 principal Rs. 0.07 Cr + interest Rs. 0.01 Cr). Total outstanding borrowing from banks and total financial indebtedness both stand at Rs. 2.88 Cr. The original principal sanctioned was Rs. 7.99 Cr at 1-year MCLR plus 2.25% spread for a 6 years 9 months tenure. The company has stated it is in the process of clearing the dues.
This is a negative signal pointing to financial stress and a lender formal demand notice, which could affect the company's credit standing and future borrowing ability. However, the overdue amount is relatively small (Rs. 0.14 Cr against Rs. 2.88 Cr total debt) and has already reduced from Rs. 0.23 Cr, suggesting active resolution.