Dharani Sugars & Chemicals Limited has informed the Exchange regarding 'Disclosures of details on payment of interest repayment on loans from Banks/Financial Instt. March 2026'.
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals Limited has filed a mandatory disclosure under SEBI regulations regarding loan repayment defaults. As of March 31, 2026, the company has a total outstanding of ₹314.18 crores in loans from banks and financial institutions, of which ₹10.48 crores is in default beyond 30 days. Additionally, unlisted debt securities outstanding stand at ₹21.19 crores with no default reported. Total financial indebtedness of the company is ₹335.37 crores. This disclosure is required under SEBI circular for cases where default on interest or principal repayment continues beyond 30 days.
This is a significant negative development for shareholders as the company has admitted to defaulting on loan repayments. Such defaults typically lead to banks classifying these loans as Non-Performing Assets (NPAs), which can restrict future credit access and may trigger rating downgrades. The company's total default of ₹10.48 crores represents about 3.3% of its total bank borrowings.