Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
MADHUCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhucon Projects Limited has disclosed a default of Rs 67.86 crore on principal repayment of bank loans as on March 31, 2025. The entire fund-based outstanding of Rs 67.86 crore from banks is in default, meaning 100% of its bank borrowings are overdue. Interest default is reported as nil. Two secured lenders — Punjab National Bank (formerly OBC) and Canara Bank — are listed as the parties to whom defaults exist. The company's total financial indebtedness, including short-term, long-term and non-fund-based debt, stands at Rs 235.37 crore.
This is a serious negative signal for shareholders — 100% default on bank borrowings points to severe financial stress and likely NPA classification, which could weigh heavily on the stock and signal potential restructuring or recovery actions by lenders.