Dharani Sugars discloses about 105 crore in loan defaults to banks

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Awaiting price reaction for this filing.

AI summary

Dharani Sugars & Chemicals has disclosed defaults on loan repayments to banks and financial institutions. Of the total 338.36 crore in bank loans outstanding, 105.02 crore is in default as on 30 June 2026. No default on unlisted debt securities, which stand at 21.82 crore. Total financial indebtedness is 350.18 crore. Filing made under SEBI circular dated 21 November 2019.

Likely market impact

Concerning: about 31 percent of bank loans are in default, risking NPA classification, higher borrowing costs, and possible impact on operations.