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 has reported a loan default of ₹10.48 crores on principal repayment to National Asset Reconstruction Company Ltd (NARCL), effective 31 December 2025. No interest default was reported. The company's total secured loan obligations stand at ₹305.98 crores, with ₹246.77 crores owed to NARCL at 12% interest (tenure up to 31 December 2029) and ₹60.27 crores to the Sugar Development Fund at 5.75% interest. Total financial indebtedness of the company is ₹305.98 crores. The loan being held by NARCL, India's bad bank, indicates the underlying debt was already classified as a stressed/NPA asset before transfer.
This is a negative signal for shareholders — it confirms ongoing financial distress in the company, as the loan was already with the bad bank (NARCL) and a principal repayment has now been missed. This may lead to further credit rating pressure, potential recovery actions by NARCL, and continued strain on the stock price.