we wish to inform you that the Board of Directors of the Company, in its meeting held today, i.e., Saturday, 20th December, 2025, at the registered office of the Company, located at 2nd ....
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Harish Textile Engineers Ltd informed BSE that its Board, at a meeting held on 20th December 2025, noted the Company has been unable to redeem its Series-IV NCDs worth Rs. 1,46,78,900 (~Rs. 1.47 crore) which were due for redemption on the same day. The Company has also failed to pay interest on these NCDs for the period from 1st April 2025 to 20th December 2025. The Board has already communicated available settlement options to NCD holders, and a meeting has been scheduled for 22nd December 2025 by the Debenture Trustee to discuss the delay and proposed resolution. The Company has attributed the default to a general slowdown in the manufacturing sector combined with ongoing cash flow constraints and a liquidity crunch.
This is a significant negative signal for shareholders, indicating the Company is in financial distress and unable to meet its debt obligations. Investors should expect negative stock price reaction, potential loss of investor confidence, and uncertainty around the timing of any recovery for existing debenture holders pending the 22nd December resolution meeting.