Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority-Quarter ended December 2025
Awaiting price reaction for this filing.
Jaiprakash Associates has disclosed to the stock exchanges that it has defaulted on payment of interest and/or repayment of principal on loans from banks and financial institutions for the quarter ended 31 December 2025. The exact default amount is not separately stated because the company is already under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, with effect from 3 June 2024, and lenders are still filing and verifying their claims. The company's total financial indebtedness stands at about Rs. 55,371 crore as on 31 December 2025. Mr. Bhuvan Madan continues as the Interim Resolution Professional running the insolvency process. The disclosure has been made under SEBI's November 2019 circular on default reporting.
This is not a new negative trigger — it is a routine SEBI-mandated quarterly update that confirms JAL remains in deep financial distress and under insolvency. For shareholders, it reinforces the risk that equity value could be heavily diluted or wiped out depending on the resolution plan finally approved under IBC, and the stock is likely to remain volatile and speculative.