Dharani Sugars & Chemicals Limited has informed the Exchange regarding 'Disclosure default payment of interest/principal amt'. 29.04.2026
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals Limited has disclosed a loan default as of 31 March 2026. The company defaulted on principal repayment of ₹15.36 crores owed to National Asset Reconstruction Company Ltd (NARC), which acquired this debt. The interest default amount is NIL. The total outstanding financial indebtedness stands at ₹14.18 crore, with secured loans including amounts due to NARC (₹12 crore) and Sugar Development Fund (₹5.75 crore at 5.75% interest). The disclosure follows SEBI regulations requiring immediate reporting of loan defaults by listed companies.
This is a significant credit risk event indicating the company faces acute financial distress and inability to service its debt obligations. The loan being transferred to an asset reconstruction company suggests the original lenders have already classified it as a non-performing asset. Shareholders should brace for potential rating downgrades, legal action by creditors, or forced asset sales.