Intimation regarding meeting of NCD Holders convened by the Debenture Trustee to be held on 15th December, 2025

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

-3.3%Reaction day

₹67.74

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-4.6% vs market

Industrial Products peers, median of 112sector+1.0%-4.3% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 4.3 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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Reaction day

-3.3+1.3-4.6+1.0-4.3

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 112Pending

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AI summary

Harish Textile Engineers has informed BSE about a meeting of debenture holders called by Axis Trustee Services Limited on 15th December 2025 to discuss the company's default on redeeming its 7% Unlisted, Secured, Redeemable Non-Convertible Debentures. The company has failed to repay Rs. 64.72 lakh in principal and Rs. 2.34 lakh in interest on these Old Series-III Debentures. This is the third disclosure on the matter, following earlier intimations on 7th October and 12th November 2025 about the delay and default. The meeting will be held virtually and will deliberate on the further course of action regarding the default.

Likely market impact

This signals serious financial stress — the company has defaulted on its debt obligations and is now subject to action by the debenture trustee on behalf of holders. Shareholders should view this negatively as it raises concerns about the company's liquidity and solvency, though the amounts involved are relatively small.