Harish Textile Engineers updates on NCD default, pays all interest, principal overdue

Loan classified NPACredit & Debt View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹68.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.8% vs market

Industrial Products peers, median of 133sector-0.2%-1.5% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.6+0.2-1.8-0.2-1.5

Next day

-3.6+1.0-4.6-0.0-3.6

-0.0+0.7-0.7-0.2+0.1

-2.1+0.9-3.0-0.5-1.7

-2.9+0.2-3.1-0.5-2.4

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-2.5+1.4-3.9-0.0-2.5

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+0.0-0.6+0.6-1.9+1.9

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-8.8+4.5-13.4-1.9-7.0

-2.9+3.1-6.0+0.0-3.0

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 133Pending

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AI summary

Harish Textile Engineers has paid all outstanding interest (up to 30 June 2026) on its 7% unlisted NCDs (Series III and IV). However, principal of Rs 2.12 crore remains unpaid due to financial constraints. Defaults began in October and December 2025. The company is engaging with debenture holders via trustee to arrange funds. Total debt issued was Rs 4.23 crore across four series; total financial indebtedness is Rs 30.25 crore.

Likely market impact

Company in financial stress; failed to redeem Rs 2.12 crore principal on NCDs, though interest now cleared. Negative for shareholders.