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.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.