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 default on its loan obligations as of 31 December 2025. The company defaulted on a principal repayment of Rs 10.48 crores owed to National Asset Reconstruction Company Ltd (NARCL), with no interest default. The total outstanding borrowing from banks and financial institutions stands at Rs 306.98 crores, with the defaulted loan carrying a 12.00% interest rate and a tenure ending 31 December 2029. Another loan from the Sugar Development Fund of Rs 60.27 crores is also on the books. This disclosure was made as required by the SEBI circular dated 21 November 2019, which mandates listed entities to report such defaults.
This is a negative signal for shareholders — the company is formally admitting it has missed a debt repayment obligation, indicating cash flow stress. The presence of NARCL as a lender further suggests the debt was already classified as stressed or non-performing before being assigned to the reconstruction company, raising concerns about the company's overall financial health.