Harish Textile Engineers clears NCD interest, principal default of Rs 2.12 cr continues

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₹68.00

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

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AI summary

On 30 June 2026, Harish Textile Engineers paid all outstanding interest on its 7% Unlisted Secured NCDs (Series III and IV) covering 20 investors, leaving interest liability as NIL. However, principal redemption of Rs 2.1151 crores remains in default since 7 October 2025 and 20 December 2025. The company cites ongoing financial constraints and is engaging with debenture trustees to arrange funds for principal repayment. Total debt on books stands at Rs 30.25 crores.

Likely market impact

Continued NCD principal default signals financial stress, though partial relief as interest is now cleared. Total debt is Rs 30.25 cr against this Rs 2.12 cr exposure.