Announced Wed, 1 Jul · 19:32 IST
NCD debenture holders meeting called over default
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
+1.6%1-day move
₹66.90
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.6-0.5-1.3-0.6-1.9-1.0+4.5———
Up moveDown movePending
AI summary
Harish Textile Engineers informed BSE that Axis Trustee Services has called a meeting of debenture holders on 2 July 2026 at 3 PM via Microsoft Teams to discuss matters arising from the default and decide the further course of action on the outstanding principal of the company 7 percent unlisted, secured, unrated, redeemable NCDs (Series-III and Series-IV). The trustee has asked the company to send a representative to attend.
Likely market impact
Signals a debt default on NCDs. Negative for shareholders; trustee may push for restructuring or recovery, likely weighing on the stock.