In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors ....
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The Board of Directors of Harish Textile Engineers Limited, at its meeting on 21st August 2025, approved the extension of the redemption due date for its 7% Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (Old Series-III). The extension covers 64,720 outstanding NCDs with a face value of Rs. 100 each, aggregating to Rs. 64.72 lakhs. The new redemption date is 7th October 2025, formalized through a Third Supplementary Trust Deed. The extension received consent from the majority of debenture holders via written NOCs and was mutually agreed with Axis Trustee Services Limited (Debenture Trustee). This is the third such extension — previous ones were executed via Supplementary Trust Deeds in June 2024 and March 2025.
Repeated extensions of NCD redemption (third time in roughly 16 months) may signal liquidity or cash flow stress at the company, though the absolute amount is small. Shareholders should monitor whether repayment happens on the new 7th October 2025 date — further extensions would be a clear red flag.