The disclosure under Regulation 30A of LODR is attached
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Emergent Industrial Solutions Ltd has informed the stock exchange that Wellspring Healthcare Private Limited has failed to repay an Inter-Corporate Deposit (ICD) of ₹5 crore along with overdue interest. The loan was given on December 2, 2024 for a one-year tenure and was due for repayment by December 2, 2025. A two-month cure period ended on February 2, 2026 without any payment, making it an official default. The company is evaluating the financial impact, assessing recoverability, and has initiated legal and discussion-based steps to recover the dues. The total outstanding amount is ₹5 crore plus overdue interest.
This is a negative development as it signals a potential bad loan and possible write-off, raising concerns about the company's credit assessment and recovery capability. Shareholders should watch for further updates on recoverability and any impact on the company's financials.