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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On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 2.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Patspin India Ltd has disclosed to the stock exchange that it has defaulted on its loan obligations to three banks as of December 31, 2025. The company's total outstanding loan from banks is Rs. 56.67 crore, of which Rs. 19.48 crore is in default — comprising Rs. 13.33 crore of unpaid principal and Rs. 6.14 crore of unpaid interest. The defaults are spread across Central Bank of India (Rs. 7.76 crore principal + Rs. 3.59 crore interest), State Bank of India (Rs. 4.89 crore principal + Rs. 2.25 crore interest), and Karur Vysya Bank (Rs. 68.40 lakh principal + Rs. 30 lakh interest). This means roughly 34% of the company's total bank debt is currently in default. The disclosure was filed under SEBI's mandatory reporting requirement for listed entities.
This is a significant red flag for shareholders — the company is struggling to service its debt, which could lead to NPA classification by banks, potential recovery actions, and further financial stress. Expect negative sentiment on the stock and possible ratings downgrade.