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 & Chemicals Limited has filed an initial disclosure (Form C1) under SEBI guidelines for default on loan repayment. The company defaulted on a secured loan with National Asset Reconstruction Company Ltd (NARC) as of 31 March 2026. The principal amount in default stands at Rs. 15.36 crores, while interest default is NIL. Total default amount is Rs. 15.35 crores. The loan was a secured obligation with tenure up to Sugar Development Fund. This disclosure is required under SEBI circular dated 21 November 2019 for listed entities.
This default disclosure signals significant financial stress for Dharani Sugars. The loan being held by an Asset Reconstruction Company indicates the original lenders have already classified this as a Non-Performing Asset. Shareholders should be cautious as this negatively impacts creditworthiness and may lead to further rating downgrades or debt restructuring discussions.