Announced Tue, 30 Jun · 18:36 IST
Harish Textile Engineers updates on NCD default, pays all interest, principal overdue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹68.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.6-0.0-2.1-2.9-2.2-2.5+0.0———
Up moveDown movePending
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.