Madhucon Projects Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority
MADHUCON · price
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Awaiting price reaction for this filing.
Madhucon Projects Limited has filed a SEBI-mandated disclosure of defaults on its bank and financial institution loans for the quarter ended 30 June 2025. The filing lists Punjab National Bank (formerly OBC) as a lender under Fund and Non-Fund based obligations. Interestingly, the current default amounts are reported as Nil for principal, interest, and other charges, with total outstanding bank borrowings (Fund Based) also shown as Nil. However, the company's total financial indebtedness stands at Rs 153.81 crore, including short-term and long-term debt. The date of default has been noted as 30 June 2025, and the filing was made on 5 July 2025 as required under SEBI's November 2019 circular.
Despite the nil current default numbers, the fact that a default disclosure is being filed signals ongoing financial stress and possible past irregularities with lenders. Shareholders should monitor the company's Rs 153.81 crore total debt closely, as repeated default disclosures — even with nil current amounts — can weigh on the stock and signal credit quality concerns.