Harish Textile Engineers clears NCD interest, principal default of Rs 2.12 cr continues
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.