Disclosure of defaults on payment/repayment of principal amount on loans from banks and financial institutions for the Quarter Ended March 31, 2025.
Awaiting price reaction for this filing.
MPS Infotecnics Limited has reported NIL defaults on loans from banks and financial institutions for the quarter ended March 31, 2025. The company has fully repaid all its obligations to banks and financial institutions, with total outstanding amount from them standing at Nil. The total financial indebtedness of the company is Rs. 31.47 crore, of which Rs. 30.94 crore (nearly 98%) has been received from the Promoters or Promoter Group. The filing is being submitted under Regulation 30 as a precautionary compliance, since the company's zero-default status prevented submission of the standard SEBI default disclosure form.
Positive for shareholders — the company has completely cleared its bank and financial institution debt, significantly reducing external financial risk and interest burden. The remaining debt is largely promoter-funded, indicating promoter confidence in the business, though it also means the company still carries overall debt on its books.