Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for unlisted debt securities i.e. NCDs and NCRPS

Loan classified NPACredit & Debt View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.6%Reaction day

₹64.00

prior close

₹62.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.6% vs market

Industrial Products peers, median of 125sector+0.0%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.6 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+5.8+2.0+3.7+2.0+3.8

-1.6+2.0-3.6+1.8-3.3

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+6.2+5.8+0.4+7.1-0.8

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15d

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+3.9+13.5-9.6+7.1-3.1

+2.5+19.7-17.2+11.5-9.0

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 125Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Harish Textile Engineers has failed to pay Rs. 3,65,070 in interest that was due on 7th April 2026 for its 7% Unlisted, Secured, Unrated NCDs (Series III & IV). This is the latest in a series of defaults - the company already defaulted on principal redemption of Rs. 2.1151 Crores (Series III Rs. 0.6472 Crore due October 2025, Series IV Rs. 1.4679 Crore due December 2025). Total interest due for October 2025 to March 2026 was Rs. 7,38,253, of which only Rs. 3,73,183 was paid for the first half. The company cites ongoing financial constraints as the reason for the delays. There are 20 investors holding 217,819 NCDs worth Rs. 4.232 Crores originally. The company's total financial indebtedness stands at Rs. 30.25 Crores.

Likely market impact

This is a significant credit event. The company has now defaulted on both principal redemption and interest payments, indicating serious financial distress. Shareholders should be concerned as the company may face legal action from debenture holders and potential insolvency proceedings.