Announced Thu, 2 Jul · 18:26 IST
NCDs Meet Outcome: Firm to Clear Defaulted Debentures by 31 July
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
+1.5%1-day move
₹65.55
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.5+0.8+1.4+0.1+1.1-0.6+2.2———
Up moveDown movePending
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.