Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Awaiting price reaction for this filing.
Dharani Sugars has disclosed defaults on loan repayments to banks and financial institutions as of 30 September 2025, as required under SEBI's quarterly default disclosure norms. The company's total outstanding debt stands at ₹336.86 crore (₹280.85 cr principal + ₹56.00 cr interest), with the current default amount being ₹57.46 crore entirely from the Sugar Development Fund (₹37.12 cr principal + ₹25.74 cr interest). Most of the company's debt (around ₹277 crore) has been transferred to NARCL (National Asset Reconstruction Company) in the form of term loans, equity, debentures, and a Sterling Road property, indicating prior stress and restructuring.
This is a negative signal for shareholders — the active default on Sugar Development Fund dues confirms ongoing financial stress at the company. However, the bulk of legacy debt now sits with NARCL, which may provide some breathing room. Investors should expect continued stock price pressure and monitor whether the SDF default is resolved in coming quarters.