Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patspin India Ltd has disclosed defaults on loan payments as of March 31, 2026. The company has defaulted on ₹24.37 crore, comprising ₹16.67 crore in principal and ₹7.71 crore in interest. The three lenders involved are Central Bank of India, State Bank of India, and Karur Vysya Bank Ltd. Total outstanding borrowings from banks/financial institutions stand at ₹56.67 crore. The default amounts to nearly 43% of total borrowings, indicating severe financial stress.
This is a serious red flag for shareholders as the company has failed to meet debt obligations to multiple banks. The high default ratio relative to total debt significantly increases the risk of creditor actions, potential rating downgrades, and possible insolvency proceedings.