NCDs Meet Outcome: Firm to Clear Defaulted Debentures by 31 July

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+3.7%Reaction day

₹65.55

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+4.0% vs market

Industrial Products peers, median of 130sector-0.0%+3.7% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 3.7 pts more 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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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 130Pending

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AI summary

Harish Textile Engineers had defaulted on redemption of its 7% secured unlisted NCDs of Old Series III and Series IV. Axis Trustee Services convened a virtual meeting of debenture holders on 2 July 2026, which the company attended and addressed. The company committed to make the full and final payment of the entire outstanding principal along with applicable accrued interest by 31 July 2026.

Likely market impact

An earlier NCD default weighs on the stock. The fresh commitment to settle dues by 31 July may ease concern, but until paid, default status remains a risk.