<b>Format of the Annual Disclosure to be made by an entity identified as a Large Corporate : Annexure B1.</b><br/><br/> <table border=''1px''> <tr> <td><b>Sr. No.</b></td> ....
Awaiting price reaction for this filing.
Gammon India has filed its mandatory Large Corporate annual disclosure for FY ending March 2025, reporting total outstanding debt of Rs. 3,989.36 crores. The company did no incremental borrowing during the year, which means there was no requirement to raise funds through debt securities. The company explained the absence of new borrowings by stating it is currently classified as an NPA (Non-Performing Asset). The disclosure was signed by CFO Anurag Choudhry and CEO Ajit Desai on 8 April 2025.
This is a negative signal for shareholders — the company has a large debt pile of nearly Rs. 4,000 crores and has been tagged as an NPA, meaning lenders have flagged its loans as stressed. This suggests limited fresh funding access and ongoing financial difficulties.