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 disclosed a delay in interest payments to Punjab National Bank on its term loan and overdraft facility. The demand notice was issued by the bank on July 3, 2025. The total outstanding borrowings of the company stand at Rs. 3.07 crore, out of which Rs. 0.42 crore is overdue. The overdue amount includes Rs. 0.38 crore in principal (Term Loan 1 and Term Loan 2) and Rs. 0.04 crore in interest plus a small overdraft default of Rs. 0.0037 crore. The original loan facility was Rs. 7.99 crore at 1-year MCLR plus 2.25% spread. The company has stated it is in the process of clearing the overdue amount.
This is a negative signal for shareholders as the company has defaulted on loan repayments, suggesting short-term cash flow stress. However, the overdue amount is relatively small compared to total borrowings, and the company claims it is working to clear it, so the immediate impact may be limited but creditworthiness concerns remain.