DHARAN INFRA-EPC LIMITED has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority
DHARAN · price
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Dharan Infra-EPC Limited has disclosed defaults on loan repayments to banks and financial institutions as of September 30, 2024. The company has a total outstanding loan of INR 71.49 crore, of which INR 43.89 crore is in default — meaning roughly 61% of its total debt has not been repaid on time. The disclosure was filed with NSE and BSE under a SEBI circular that requires listed companies to report such defaults within a set timeline. The filing was signed by Managing Director Naresh Jagumal Karda. No mention of any resolution, restructuring, or recovery plan was included in the filing.
This is a serious red flag for shareholders. With nearly two-thirds of the company's debt in default, Dharan Infra-EPC appears to be under significant financial stress, which could hurt its stock price, borrowing ability, and future business operations. Investors should treat this as a high-risk signal and watch for further updates on recovery or restructuring.