NCD holders extend redemption deadline to 31 January 2027
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Harish Textile Engineers informed BSE that debenture holders agreed in principle to extend the redemption date for its 7 percent Secured Unlisted NCDs, Old Series III and Series IV, to 31 January 2027. This follows earlier disclosed delays in redemption and interest payment on these NCDs. The extension is subject to terms agreed between the company and debenture holders. Documentation for the extension is currently in process and the company will update BSE on further developments.
Existing NCD holders face continued delay in repayment. Extension avoids immediate default but signals cash flow stress and is a negative credit signal.