There is no payment of interest / principal obligations for NCD for the quarter ended June 30, 2025
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Rex Sealing and Packing Industries Ltd has informed the stock exchange that there was no payment of interest or principal obligations on its Non-Convertible Debentures (NCDs) for the quarter ended June 30, 2025. This means the company has defaulted on its debt repayment commitments to NCD holders during the April–June 2025 quarter. The disclosure is being made under SEBI's listing requirements for listed entities that have outstanding debt securities. The company has not indicated any specific reason or recovery plan in this announcement.
This is a serious credit negative event for shareholders and debenture holders, signaling potential financial distress and liquidity issues at the company. It is likely to result in a sharp drop in the stock price, possible rating downgrade to default category, and potential classification of the NCDs as non-performing assets.