DHARAN INFRA-EPC LIMITED has informed the Exchange regarding Board meeting held on July 11, 2025.
DHARAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Dharan Infra-EPC Limited (formerly KBC Global Limited) met on July 11, 2025, and took on record warning letters issued by both NSE and BSE on July 3, 2025. The warning was triggered because the company disclosed defaults on interest or principal payments of bank/financial institution loans on August 28, 2024, well after the defaults had already occurred and only after the exchanges intervened. This amounted to a violation of Regulation 30 of the SEBI LODR Regulations, 2015, and the related SEBI circular on disclosure of loan defaults. The Board has committed to take corrective actions to avoid any recurrence. The warning letters caution that any future lapses will be viewed seriously and could invite stricter action.
Negative for shareholders — the warning confirms the company had actual loan defaults (interest or principal) from banks/financial institutions, pointing to liquidity stress, and it delayed the mandatory disclosure until forced by the exchanges, raising corporate governance concerns. Short-term sentiment may weaken, though no monetary penalty or trading action has been imposed yet.