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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+9.7%1-day move

₹4.11

prior close

₹4.31

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-3.2-3.2-3.2+9.7+20.7+21.7+24.1+17.5+21.7+26.3+40.4+33.6+46.0

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AI summary

Madhucon Projects Limited has disclosed a default on repayment of principal loans to banks and financial institutions as of 31 March 2026. The principal amount in default stands at Rs. 31.44 crore with nil interest default. All fund-based borrowings of Rs. 31.44 crore are in default, representing 100% of such borrowings. The total financial indebtedness of the company including short-term and long-term debt is Rs. 143.10 crore. The lenders include OBC and Punjab National Bank, and the loans are secured. This disclosure is made as per SEBI Circular dated 21 November 2019 requiring listed entities to report loan defaults.

Likely market impact

This is a serious red flag indicating the company is unable to meet its debt obligations. With 100% default on bank borrowings and secured loans, lenders may initiate recovery actions or insolvency proceedings against the company, posing significant risk to shareholders.