Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 2.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Patspin India Ltd has disclosed a default of Rs. 4.93 crore on its loan obligations to banks as of March 31, 2025. The default comprises Rs. 3.33 crore in principal and Rs. 1.60 crore in interest. The company's total outstanding loan from three lenders — Central Bank of India (Rs. 33 crore), State Bank of India (Rs. 20.77 crore), and Karur Vysya Bank (Rs. 2.91 crore) — stands at Rs. 56.67 crore. The disclosure was filed with BSE on April 5, 2025, under a SEBI circular that requires listed companies to report such defaults. The total financial indebtedness of the company, including short-term and long-term debt, is also Rs. 56.67 crore, indicating the defaulted loans represent the company's entire debt.
This is a negative signal for shareholders — the company is struggling to meet even basic debt repayment obligations, which may lead to loans being classified as non-performing assets (NPAs) by banks and could trigger further financial stress or recovery actions.